Adani Power Secures 570MW Bhutan Hydroelectric Project, Shares Surge

Adani Power's shares surged following the award of a 1,600 MW thermal power project in Madhya Pradesh, marking the fifth major power supply order for the company in the past year and a total awarded capacity of 7,200 MW. Additionally, Adani Power signed a significant agreement with Bhutan's Druk Green Power Corporation to develop a 570 MW Wangchhu hydroelectric project, representing a strategic move into clean energy and regional electricity trade, which further boosted its stock price. The hydroelectric project, valued at approximately ₹6,000 crore, will operate under a Build-Own-Operate-Transfer model, with Adani holding a 49% stake and equal board representation with DGPC. Meanwhile, ACME Solar Holdings saw its shares rise after securing funding for a 400 MW renewable energy project in Rajasthan. Adani Energy Solutions' stock price also increased, supported by strong revenue growth and a return to profitability in recent quarters. These developments underline Adani Group's expanding footprint in both thermal and renewable energy sectors, signaling a diversification strategy and growth momentum.