Adani Stocks
Adani stocks soar! Investors rush in after Gautam Adani unveils massive Rs 2 lakh crore expansion plan
Mumbai/IBNS: Shares of Adani Group companies witnessed strong buying interest in early trade on Wednesday after the conglomerate unveiled an ambitious strategy to strengthen its presence across key sectors, including energy, transport, logistics and digital businesses.
Investor sentiment received a boost after Adani Power announced plans to expand its power generation capacity to 45 gigawatts (GW) over the next five years through a capital expenditure programme exceeding Rs 2 lakh crore.
Adani stocks trade higher
Several Adani Group stocks gained ground during the morning session, reflecting positive market reaction to the expansion plans.
- ACC Ltd. rose over 2 percent to hit an intraday high of Rs 1,345.50.
- Ambuja Cements surged nearly 4 percent to touch an intraday high of Rs 426.80.
- Adani Enterprises climbed 1.82 percent to trade at Rs 3,016.90 per share on the NSE.
Focus on rising power demand
The planned expansion comes at a time when India's electricity consumption is witnessing steady growth, driven by rapid industrialisation, urbanisation and increasing energy requirements.
By significantly boosting its generation capacity, Adani Power aims to cater to the country's rising power demand while supporting long-term economic and industrial growth.
Bhutan hydropower partnership
As part of its clean energy initiatives, the Adani Group has partnered with Bhutan's Druk Green Power Corporation to jointly develop hydropower projects with a combined capacity of 5,000 megawatts in the Himalayan nation.
The collaboration is expected to strengthen regional energy cooperation and contribute to sustainable power generation.
Entry into nuclear power
The Adani Group is also preparing to enter the nuclear energy sector through Adani Atomic Energy.
Group Chairman Gautam Adani described the move as "another confident step towards securing India's long-term energy future."
According to reports, land for the proposed nuclear power project has already been identified, with the conglomerate targeting a nuclear power generation capacity of 10 GW by 2035.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
