By Madhu Balaji

Copyright thehindubusinessline

Adani Power shares soared close to 3 per cent in early trade on Monday, aided by strong positive triggers. The surge follows a 25-year power supply agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) for supply of 2,400 MW of power from a greenfield ultra super critical plant to be set up at Pirpainti in Bhagalpur district of Bihar.

Adding to the momentum, the stock split scheduled for September 22, 2025, has also attracted significant investors’ interest.

Over the last week, the stock has zoomed nearly 8 per cent from its intraday low on September 8.

Earlier this month, the company and Bhutan’s state-owned utility Druk Green Power Corp. Ltd. signed the shareholders agreement (SHA) for setting up a 570 MW hydroelectric project at Wangchhu in Bhutan.

The company also entered into a letter of award from MP Power Management Company Ltd for supply of additional power from a new 800 MW Ultra-supercritical thermal power project under greenshoe option.

At 10.20 am, the stock traded 1.65 per cent positive at ₹659.50 on the NSE, after hitting an early high of ₹666.80.

Few other Adani stocks such as Adani Enterprises, Adani Ports, Adani Energy Solutions, Adani Green Energy, ATGL and AWL Agri traded with marginal gains at the time of writing.

Published on September 15, 2025