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The latest update is out from Adani Power Limited ( (IN:ADANIPOWER) ).
Adani Power Limited has announced the incorporation of a joint venture company, Wangchhu Hydroelectric Power Limited, in partnership with Bhutan’s state-owned Druk Green Power Corp. Ltd. This venture aims to develop a 570 MW hydroelectric project in Bhutan, with Adani holding a 49% stake. The project signifies Adani Power’s strategic expansion into the hydroelectric sector, potentially enhancing its market position and offering new opportunities for stakeholders.
More about Adani Power Limited
Adani Power Limited operates in the power generation industry, focusing on the generation and sale of electricity. The company is involved in various power projects and aims to expand its footprint in the energy sector.
Average Trading Volume: 4,384,792
Technical Sentiment Signal: Buy
Current Market Cap: 3038.3B INR
See more data about ADANIPOWER stock on TipRanks’ Stock Analysis page.