Cheapest share of Adani is prospering, increasing price every day, impact of this news!

Adani Power Share: Shares of Adani Power are witnessing tremendous growth today on Tuesday. Shares of the company rose 5% in early trade to Rs. 340 was reached. Earlier, the company’s shares had climbed as much as 7% on Monday. This increase in the stock has happened after a news. In fact, the Adani group company said in an investor presentation that it aims to achieve a thermal generation capacity of 21,110 MW by FY2029 with proposed brownfield projects and inorganic growth.

What is the current capacity?
Adani Power’s current capacity is 15,210 MW. It has committed to 1,600 MW of brownfield projects and another 3,200 MW of proposed projects. Additionally, it has proposed to add 1,100 MW of inorganic thermal generation capacity, according to an investor presentation to stock exchanges by the Adani Group power producer.

This company got an order of ₹ 342.06 crore, shares became a rocket, there was a lot of loot in buying

Last week $1.1 billion was invested
Adani Power shares rose after US-based investment firm GQG Partners and several other investors bought an 8.1 percent stake in the Adani Group company with an investment of $1.1 billion. The deal averages Rs. 279.17 per share. Thus, the sale of 312 million shares to the company’s promoters, the Adani family, raised $1.1 billion, or about Rs. 9,000 crore received.