| Dec-2024 | Sep-2024 | Jun-2024 | Mar-2024 | Dec-2023 | |
|---|---|---|---|---|---|
Promoter | - | - | - | - | - |
Foreign | 27.76% | 27.76% | 26.06% | 25.11% | 25.11% |
Indian | 47.19% | 47.19% | 46.63% | 46.63% | 46.63% |
Total Promoter | - | - | - | - | - |
Institutions | 13.95% | 14.19% | 16.16% | 17.32% | 17.04% |
Non-Institutions | 11.08% | 10.84% | 11.13% | 10.92% | 11.2% |
Total Non-Promoter | 25.04% | 25.04% | 27.29% | 28.24% | 28.24% |
Custodian | 0% | 0% | 0% | 0% | 0% |
Total | 100% | 100% | 100% | 100% | 100% |
This acquisition is in line with Adani power‘s strategy to cement its position in the sector through enhancing thermal power generation capacity.
Adani Ports gained 2%, trading at Rs 1,151, while Adani Energy Solutions increased 6.6%, reaching a day's high of Rs 833.00.
In November 2024, Power Mech bagged another major order worth ₹510 crore from Adani Power for mechanical construction work at its Chhattisgarh thermal power project
Power Mech Projects stated in an exchange filing that the mechanical construction work must be completed at a Thermal Power Project at Adani Power in Chhattisgarh.
Meanwhile, shares of Adani Ports and Adani Power rose 4.6%, Adani Green Energy rose 6.4%, and Adani Total Gas rose 5%.
The APJL plant, originally producing 1,496 MW, has reduced output to around 700 MW, leading to a reported power deficit of over 1,600 MW in Bangladesh.
Bangladesh is expediting payment of more than $800 million that it owes the Indian corporation.
Cumulative demand for FY25 until September 30, 2024, showed a robust growth of 5% compared to the first half of FY24.
Adani Power's stock fell slightly on Wednesday, closing at Rs 583. In the past five years, the stock has given investors returns of nearly 800%
Tanzania is also in talks with UK company Gridworks Development Partners LLP over a $300 million power-line project.
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