As of September 8, 2025, Adani Power Limited, an Indian multinational power and energy company, also a subsidiary of Adani Group, saw its share price skyrocket by 4.34 per cent, with the intraday high reaching INR 649.60 (USD 7.78). The increase in the share price was witnessed after the firm made an announcement of its latest expansion plan within the international territory by striking a strategic partnership with Bhutan's Druk Green Power Corp. Ltd (DGPC), the sole hydropower operator in Bhutan.
With an impressive installed capacity of 18,110 MW spread across several states, with an additional dedicated 40 MW solar facility in Gujarat, this company is steadily reinforcing India's energy sector. The firm's ongoing investments are not just powering homes, it is playing a pivotal role in strengthening the nation's infrastructure backbone.
Stock price surge
On September 9, Adani Power Ltd's stock price opened at INR 637.50 (USD 7.64) and as of 11:39 AM IST, the price inched up to INR 643.60 (USD 7.71), showing an intraday difference of 0.95 per cent. On the previous day, the share price opened at INR 636.25 (USD 7.62) and the intraday high went up to INR 644 (USD 7.71). However, the closing price was noted at INR 635.95 (USD 7.62).
If compared with the stock price on September 5 before the market closed, the firm saw an increase of 4.34 per cent from the previous close, which was recorded at INR 609.70 (USD 7.30). The stock saw significant change, clocking in INR 138.5 lakhs shares traded and a total turnover of INR 884.3 crore (USD 105.90 million).
The company's market cap stood at INR 2,46,786.24 crore (USD 29.56 billion), representing a solid figure by any measure. Glancing at the order book, there were 4,55,493 buy orders up against 10,11,898 sell orders, underscoring intense selling pressure even as the price moved higher.
Strategic partnership owing to the stock surge
On September 6, 2025, Adani Power formalised a partnership with DGPC to co-develop a 570 MW hydroelectric project at Wangchhu, Bhutan. The project, valued at INR 60 billion (USD 718.56 million), will operate under a BOOT (Build, Own, Operate, Transfer) framework. The project construction is set to kick off in the first half of 2026. The team's aiming to have everything wrapped up within five years of breaking ground.
As per the agreement, Adani Power will hold a 49 per cent equity stake, while DGPC will maintain the majority at 51 per cent. The initial share capital is structured as 4.9 million shares for Adani Power and 5.1 million shares for DGPC, each issued at BTN 100 per share.
The Wangchhu project is strategically designed to manage Bhutan's peak winter energy needs, while exporting surplus electricity to India during the summer months. Government backing for the project is evident, with key agreements finalised in the presence of Bhutan's Prime Minister and Adani Group Chairman Gautam Adani. This high-level endorsement underscores a deepening collaboration between the two nations in the energy sector, positioning both for greater stability and mutual growth.
Meeting high demand in winter
SB Khyalia, CEO, Adani Power, stated, "Bhutan is a role model in sustainable development, and we are excited to contribute through this renewable energy project, which will meet Bhutan's peak winter demand while exporting power to India in summer."
Owing to this, DGPC's Managing Director, Dasho Chhewang Rinzin, added, "Partnering with the Adani Group will help fast-track implementation, strengthen energy security, and enhance grid connectivity between Bhutan and India."
In the previous month, Adani Power also secured a letter of award for the development of a 2.4 GW greenfield power plant at Pirpainti in Bihar's Bhagalpur district.
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