/ Adani Power Signs $2bn Pact With Bangladesh Power Grid,Share Surges ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 10 April 2017

Adani Power rose by 1.72% to Rs 44.35 on BSE &  by 1.49% to Rs 44.30 on NSE, after the company announced signing of a $2bn pact with Bangladesh Power Grid as reported by the company in a filing to the Exchanges.

For the moment, the S&P BSE Sensex was trading at 29,680.73, down by 0.09% & Nifty 50 at 9202.10, up by 0.05%.

The agreement was signed during Bangladesh Prime Minister Sheikh Hasina's state visit to India. The announcement was made during market hours on April 10, 2017.

Adani Power will supply 1,600 MW electricity produced in Jharkhand plant to electricity starved Bangladesh.

The consolidated market capitalisation of Adani Power as on date was Rs 17,124.81 crore. 

The 52-week high was Rs 45.30 on April 10, 2017 & low was Rs 23.35 on Nov 9, 2016.

Recently, Adani Power was in the news due to its coal mine in Queensland, Australia, which would be world’s largest. It was opposed on the grounds of environmental issues. Adani has taken requisite approval from Australian Government & met up with Prime Minister, Malcolm Turnbull & Queensland Premier, Annastacia Palaszczuk.

He has confirmed, while speaking to a leading English daily that, the construction will start from 2017 & will provide huge economic stimulus for the country.

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