Adani Power will hold a meeting of the Board of Directors of the Company on 8 February 2023.

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Adani Power and D B Power have mutually agreed to further extend the long stop date as 15 February 2023, for achieving the closing the transaction for acquisition of D B Power.

Adani Power has agreed to acquire D B Power, which owns and operates a running 2x600 MW thermal power plant at District Jangir Champa in Chhattisgarh.

D B Power has long and medium term power purchase agreements for 923.5 MW of its capacity, backed by fuel supply agreements with Coal India and has been operating its facilities profitably.

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Adani Power Ltd rose 2.42% today to trade at Rs 282. The S&P BSE Power index is up 1.25% to quote at 4324.61. The index is down 5.85 % over last one month. Among the other constituents of the index, Adani Transmission Ltd increased 2.09% and JSW Energy Ltd added 1.87% on the day. The S&P BSE Power index went up 23.98 % over last one year compared to the 5.86% surge in benchmark SENSEX.

Adani Power Ltd has lost 12.81% over last one month compared to 5.85% fall in S&P BSE Power index and 2.42% drop in the SENSEX. On the BSE, 65717 shares were traded in the counter so far compared with average daily volumes of 4.6 lakh shares in the past one month. The stock hit a record high of Rs 432.8 on 22 Aug 2022. The stock hit a 52-week low of Rs 97.3 on 27 Dec 2021.

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Adani Power Ltd lost 4.55% today to trade at Rs 263.5. The S&P BSE Utilities index is down 1.86% to quote at 3512.5. The index is down 6.78 % over last one month. Among the other constituents of the index, Reliance Infrastructure Ltd decreased 4.11% and KPI Green Energy Ltd lost 3.58% on the day. The S&P BSE Utilities index went up 16.91 % over last one year compared to the 5.35% surge in benchmark SENSEX.

Adani Power Ltd has lost 19.17% over last one month compared to 6.78% fall in S&P BSE Utilities index and 1.83% drop in the SENSEX. On the BSE, 3.98 lakh shares were traded in the counter so far compared with average daily volumes of 4.05 lakh shares in the past one month. The stock hit a record high of Rs 432.8 on 22 Aug 2022. The stock hit a 52-week low of Rs 97.3 on 27 Dec 2021.

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