Adani Power gains 2% after signing pact for 770-MW hydropower project in Bhutan

Adani Power shares have risen 2% after the company signed a deal with Bhutan's Druk Green Power Corporation to develop a large hydropower project. This project, worth 770 megawatts, is part of a broader 5,000-MW hydropower development programme in Bhutan. The agreement marks a significant step for Adani Power in expanding its renewable energy portfolio, which could have positive implications for the company's future growth and profitability. The project's development is expected to begin in the first half of 2027.

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Adani Power's signing of a pact for a 770-MW hydropower project in Bhutan is a positive development for the company. This project can contribute to the company's growth and increase investor confidence in the stock.

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