Adani Power Shares Surge 3% on Bihar Power Project and Stock Split Announcement
Adani Power shares climbed nearly 3% in early trading following a 25-year power supply agreement with Bihar State Power Generation Company Ltd. The deal secures 2,400 MW from a new ultra-supercritical plant in Bhagalpur district, signaling strong growth prospects.
Investor enthusiasm was further fueled by the company's upcoming stock split scheduled for September 22, 2025. The stock has gained 8% since September 8, reflecting mounting confidence in Adani's energy expansion strategy.
Recent developments include a 570 MW hydroelectric project in Bhutan through a partnership with Druk Green Power Corp., along with an 800 MW thermal power contract in Madhya Pradesh. These moves position Adani as a dominant player in India's power infrastructure sector.
