Adani Power Limited ( (IN:ADANIPOWER) ) has shared an announcement.
Adani Power Limited has clarified its position regarding a media report that Bangladesh is seeking full power supply restoration from its plant, and a recent 4.18% increase in its stock price. The company stated that power dispatch is guided by the requirements of the procurers, such as the Bangladesh Power Development Board, and any changes in power generation are part of standard business operations. Additionally, Adani Power emphasized that stock price movements are driven by market conditions, and the company does not control or understand the reasons behind these changes.
More about Adani Power Limited
Adani Power Limited operates in the energy sector, focusing primarily on electricity generation. The company is a prominent player in the Indian power industry, providing a substantial portion of its output to various regional grids, including international clients like the Bangladesh Power Development Board.
YTD Price Performance: -6.77%
Average Trading Volume: 1,064,003
Current Market Cap: 1905.1B INR
For detailed information about ADANIPOWER stock, go to TipRanks’ Stock Analysis page.