Adani Power Shares Surge 18% Post Stock Split Amid Regulatory Clarity and New Power Deal

Adani Power Ltd. saw its shares jump 18% to ₹167.30 on the National Stock Exchange as trading commenced on an ex-split basis following a 1:5 stock subdivision. The move, approved by the board earlier this month, effectively reduced the face value of shares while making them more accessible to retail investors.

The rally comes amid renewed confidence in Adani Group stocks after India's markets regulator SEBI dismissed allegations raised in the Hindenburg Research report. Market participants view the regulatory clearance as removing a key overhang on the conglomerate's listed entities.

Separately, Adani Power disclosed a new 2,400 MW power supply agreement with Bihar State Power Generation Company Limited. The contract involves establishing an ultra-supercritical thermal power plant in Bhagalpur district, signaling continued expansion in India's energy infrastructure sector.