#Adani Power
Latest news and updates about Adani Power.
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Latest news and updates about Adani Power.
Featured Coverage
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Shares of Jaiprakash Power Ventures (JP Power) jumped another 7% on Friday, extending gains to a whopping 28% over just two sessions, while Adani Power shares hit a fresh 52-week high amid optimism over the latter's stake acquisition in the former. Last week, Adani Power said it has signed definitive agreements with Jaiprakash Associates (JAL) to acquire a 24% stake in Jaiprakash Power Ventures Limited (JPVL) along with the 180 MW Churk thermal power plant in Uttar Pradesh under the NCLT-approved resolution plan for JAL.
Shares of Adani Power have been on a strong run this month, surging as much as 37% over 13 sessions. After a healthy consolidation phase, the stock has witnessed a decisive breakout with expanding volumes, signalling fresh participation. Over the weekend, the company announced that its wholly-owned subsidiary Adani Atomic Energy has incorporated its subsidiary Coastal-Maha Atomic Energy, furthering its nuclear ambitions.
