Adani Power generates and distributes electricity throughout the country through running a variety of power facilities that use coal, gas, and other fuel sources.As one of the country’s top power producers, the company’s stock price has increased 185% this year, rising from Rs 101 to Rs 288.
- December 28 (ANI): New Delhi [India]Adani Power shares were trading at Rs 303.50 per share on Wednesday, a 5% increase over the previous close, according to stock exchange data.
- Adani Power’s stock has risen 9.21% in the last five days.
- Adani Power’s stock has risen 12.30% in the last six months.
- Adani Enterprises has increased by more than 113% since becoming the second group firm to join the NSE Nifty 50 Index.
- According to the stock exchanges, the ports-to-power complex has seen the value of at least two of its seven listed companies more than double this year. Adani Power also benefited from an increase in electricity consumption.
- On September 29, the Competition Commission of India (CCI) authorized Adani Power’s acquisition of Diligent Power and DB Power’s entire share capital.
- According to the CCI, the proposed merger entails Adani Power Limited acquiring 100% of the share capital and economic interests of Diliigent Power and DB Power Limited.
- Diliigent Power’s primary activities are those of a holding company. It also offers project management and consulting services, but just for DB Power. (ANI)
you may also like: