Adani Power shares rise nearly 4% today; Gautam Adani outlines $15-20 billion annual investment plan
By Aditya Bhagchandani Published on June 27, 2025, 10:05 IST
Shares of Adani Power surged nearly 4% during Friday's session. This follows Chairman Gautam Adani's announcement of an aggressive investment roadmap for the group. The stock jumped 3.47% to trade at Rs 598.20 as of 10:02 AM, up Rs 20.05 from the previous close of Rs 578.15.
Speaking at the group's annual general meeting, Gautam Adani stated that the Adani Group plans to invest $15–20 billion annually across its businesses over the next five years. The group is targeting 100 gigawatt of electricity generation capacity by 2030, with significant investments flowing into renewable energy, data centers, ports, airports, and urban infrastructure projects like the Dharavi redevelopment.
Despite facing US regulatory scrutiny earlier this year, Adani emphasized that no one from the group has been charged under the US Foreign Corrupt Practices Act. He highlighted the group's strong balance sheet and operational resilience, mentioning consolidated revenues of Rs 2,71,664 crore and an EBITDA of Rs 89,806 crore for the last fiscal year.
During Friday's trade, Adani Power touched an intraday high of Rs 603.30 and a low of Rs 574.20. The company's current market capitalization stands at Rs 2.30 lakh crore, with a P/E ratio of 17.81. Average daily trading volume is around 4.91 million shares.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
16 minutes ago
- Business Upturn
Ahluwalia Contracts secures new construction orders worth Rs 1,103.56 crore for projects in Gurugram and Bengaluru
By Aditya Bhagchandani Published on June 27, 2025, 14:50 IST Ahluwalia Contracts (India) Limited has announced that it has secured two major construction projects with a total contract value of Rs 1,103.56 crore. The company disclosed this development in an exchange filing dated June 27, 2025. The first project, awarded by Whiteland Corporation Private Limited, is for the construction of a residential project named 'Urban Resort' in Sector-103, Gurugram. The project, valued at Rs 821 crore (excluding GST), is scheduled for completion within 36 months. The second project, from Nestled Haven Estates Private Limited and Maia Estates Private Limited, involves civil structure and architectural finishing work for residential towers at 'The Beacon' in Bengaluru. This contract is valued at Rs 282.56 crore (excluding GST) and is expected to be executed over 32 months. Both projects are domestic in nature, and the company confirmed that there is no promoter group interest or related party involvement in these contracts. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
2 hours ago
- Business Upturn
NMDC Steel to enter automotive steel segment; in talks with Ashok Leyland for supply from Nagarnar plant, says report
By Aditya Bhagchandani Published on June 27, 2025, 13:02 IST NMDC Steel Limited is set to diversify into the automotive steel segment, becoming the fourth Indian company to manufacture automotive-grade steel after Tata Steel, JSW Steel, and ArcelorMittal Nippon Steel. According to reports, the company will produce automotive steel at its Nagarnar plant in Chhattisgarh. This marks a significant milestone for NMDC Steel as it looks to expand its product portfolio beyond its existing offerings. The company is also reportedly in discussions with Ashok Leyland for the supply of automotive steel, indicating its focus on establishing key OEM partnerships as it enters this competitive market segment. This development is expected to enhance NMDC Steel's presence in the value-added steel segment and support the government's push for domestic sourcing in the auto manufacturing sector. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
2 hours ago
- Business Upturn
Aditya Vision opens three new showrooms in Bihar and Uttar Pradesh, total count reaches 179
By Aditya Bhagchandani Published on June 27, 2025, 13:10 IST Aditya Vision Limited has announced the opening of three new showrooms on June 27, 2025, expanding its retail footprint to 179 outlets across India. According to the company's exchange filing, the new showrooms are located in Sheikhpura (Bihar), and Rajajipuram and Raebareli (Uttar Pradesh). The showroom in Sheikhpura marks the company's 177th outlet, followed by the 178th in Lucknow and the 179th in Raebareli. This expansion aligns with Aditya Vision's ongoing strategy to strengthen its presence in Tier-II and Tier-III cities, focusing on providing a wide range of consumer electronics and appliances. The company stated that this development is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
