Adani Power Shares Climb Over 2% After Rs 4,193 Crore Acquisition Deals

$ADANIPOWER ower shares rose more than 2% on Thursday after the company announced two major deals to acquire assets from the Jaypee Group for a total consideration of Rs 4,193 crore. The company has signed agreements to purchase a stake in Jaiprakash Power Ventures Ltd and the Churk cement and power assets. This strategic move is expected to significantly boost Adani Power’s operational capacity and strengthen its position in the power and cement sectors. Industry analysts view the acquisition as a value-accretive step that aligns with Adani Power’s aggressive expansion plans amid rising energy demand in India. The deal will add substantial thermal power and cement production capacity to its portfolio. At the time of reporting, Adani Power shares were trading higher on the BSE and NSE, reflecting positive investor sentiment. The transaction is subject to regulatory approvals and is expected to close in the coming months.