Shares of Adani Power surged nearly 4% during Friday’s session. This follows Chairman Gautam Adani’s announcement of an aggressive investment roadmap for the group. The stock jumped 3.47% to trade at Rs 598.20 as of 10:02 AM, up Rs 20.05 from the previous close of Rs 578.15.
Speaking at the group’s annual general meeting, Gautam Adani stated that the Adani Group plans to invest $15–20 billion annually across its businesses over the next five years. The group is targeting 100 gigawatt of electricity generation capacity by 2030, with significant investments flowing into renewable energy, data centers, ports, airports, and urban infrastructure projects like the Dharavi redevelopment.
Despite facing US regulatory scrutiny earlier this year, Adani emphasized that no one from the group has been charged under the US Foreign Corrupt Practices Act. He highlighted the group’s strong balance sheet and operational resilience, mentioning consolidated revenues of Rs 2,71,664 crore and an EBITDA of Rs 89,806 crore for the last fiscal year.
During Friday’s trade, Adani Power touched an intraday high of Rs 603.30 and a low of Rs 574.20. The company’s current market capitalization stands at Rs 2.30 lakh crore, with a P/E ratio of 17.81. Average daily trading volume is around 4.91 million shares.
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