India's Adani Power climbs to one-year high on Bhutan hydro project deal

Adani Power

08/09/2025 05:56

** Shares of Adani Power ADAN.NS rise 3.4% to 630.9 rupees, their highest since October 2024

** Power generation co signs deal with Druk Green Power to set up 570MW hydro power project in Bhutan

** Project to need investment of 60 billion rupees ($680.82 million) for setting up power plant, related infra

** Construction work to begin by H12026, completion targeted within five years of groundbreaking

** More than 5 mln shares traded, nearly 2x the 30-day avg

** Stock up 18.8% YTD

($1 = 88.1290 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))