Adani Power Share Price Today, May 12: Adani Power Shares Jump 6% After Securing Major Power Supply Contract
Adani Power shares surged 6.12% to INR 543.35 today after securing a major contract to supply 1,500 MW of thermal power to Uttar Pradesh. The company won the bid with a competitive tariff of INR 5.383 per unit, emerging as the lowest bidder, boosting investor confidence in its growth.
Shares of Adani Power Ltd (NSE: ADANIPOWER) surged by 6.12% today, trading at INR 543.35, up from the previous close of INR 512.00. The rally follows the company securing a major contract to supply 1,500 MW of thermal power to Uttar Pradesh at a competitive tariff of INR 5.383 per unit. Adani Power emerged as the lowest bidder in the process. The deal marks a significant expansion in the company’s power supply portfolio. This positive development comes as the stock continues to trade well below its 52-week high of INR 895.85. Investors are optimistic about the company's growth prospects following this win. Yes Bank Share Price Today, May 12: Yes Bank Shares Jump 3% As SMBC Acquires 20% Stake.
Adani Power Share Price Today, May 12:
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