Adani Power shares rise 1.9% as firm signs Shareholders Agreement
Why did Adani Power Ltd shares jump today?
Adani Power Ltd shares rose 1.9% to ₹200.7 in morning trading on Tuesday at 09:07 AM, after the company announced a major deal with Bhutan's state-owned utility. The stock movement came after Adani Power informed the exchanges about signing a shareholders agreement with Druk Green Power Corporation Limited (DGPC) on October 5, 2026, at 7:20 PM, to jointly develop a large hydropower project in Bhutan.
The agreement centres on the 770 MW Chamkharchhu Hydropower Project (Chamkharchhu HEP), to be built in Thimpu, Bhutan. Under the shareholders agreement, Adani Power and DGPC will incorporate a new public company in Bhutan with a 49:51 shareholding structure — with DGPC holding the majority stake — to carry out the development, construction, and operation of the project. This marks a significant step in Adani Power's efforts to expand its presence beyond India into neighbouring markets with strong energy potential.
The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing included detailed project information under Annexure A and a press release under Annexure B, both made available on the company's website. Investors have responded positively to the news, viewing the deal as a meaningful addition to Adani Power's pipeline and a sign of the company's growing international ambitions in the clean energy space.
What does Adani Power Ltd do?
Adani Power Limited is a power generation company operating in the energy sector, listed on the BSE Limited (Scrip Code 533096) and the National Stock Exchange of India Limited (Scrip Code ADANIPOWER). The company is publicly listed and carries out business activities subject to SEBI Listing Regulations, making formal disclosures to stock exchanges regarding its projects and corporate developments.
Adani Power Limited has partnered with Druk Green Power Corp. Ltd., Bhutan's state-owned utility, to jointly develop a 770 MW Chamkharchhu Hydropower Project located in Thimpu, Bhutan. The two companies signed a shareholders agreement on October 5, 2026, to establish a public company incorporated in Bhutan with a 49:51 shareholding structure, which will undertake the hydropower project. This collaboration positions Adani Power in the cross-border power generation space, combining its expertise with Bhutan's state utility to develop large-scale hydropower capacity.
Adani Power Ltd Financials
In CroresAdani Power Ltd reported a strong financial performance over the two quarters shown. Revenue stood at ₹14,223.09 Crores in Mar 2026 and rose to ₹18,901.89 Crores in Jun 2026, marking a significant quarter-on-quarter increase. On the profitability side, profit grew from ₹4,017.08 Crores in Mar 2026 to ₹4,805.69 Crores in Jun 2026, also reflecting a positive upward trend. Both revenue and profit demonstrated growth, indicating a healthy momentum in the company's financials during this period, with the company successfully converting its top-line expansion into improved bottom-line results.
Adani Power Ltd Shareholding Pattern
Promoter holding stands at 74.96% of the total share capital. Foreign Institutional Investors (FIIs) hold 11.76% stake in the company, while Domestic Institutional Investors (DIIs) hold 4.07%. Public shareholders hold the remaining 9.2% stake in Adani Power Ltd.
Adani Power Ltd FAQs
Q: Why did Adani shares jump 1.9% today?
Adani Power Limited has informed the Exchange about signing of Shareholders Agreement. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Adani Power Ltd?
As per the latest data, promoters hold 74.96% stake in Adani Power Ltd, while FII holding stands at 11.76%. Domestic institutional investors hold 4.07%, and public shareholders account for 9.2% of the equity.
Q: What is the current stock price of Adani Power Ltd?
Adani Power Ltd shares are currently trading at ₹200.7, recording a gain of 1.9% from the previous close.
Q: What is the market capitalization of Adani Power Ltd?
The company currently has a market capitalization of ₹387043.82 crore, reflecting its valuation in the Indian equity market.