Adani Power Gains on GVK Energy Acquisition Development

Adani Power gained nearly 2% on September 8, 2026, closing at around ₹208.40, as investors reacted positively to a major acquisition development.

has received a Letter of Intent (LOI) from the Resolution Professional for the acquisition of GVK Energy, which owns and operates a 330 MW hydroelectric power plant in Uttarakhand through its subsidiary, Alaknanda Hydro Power Company. The proposed acquisition could strengthen Adani Power’s generation portfolio and add hydroelectric capacity to its existing power business. The stock has already delivered a strong run. ADANIPOWER is up more than 73% from its 52-week low of ₹120 and has gained over 45% in CY2026 so far. Its 52-week high stands at ₹254. With the GVK Energy development adding another potential growth catalyst, investors will be watching whether Adani Power can sustain its momentum. Disclaimer: Investments in securities are subject to market risk. This is for informational purposes only. Investors must verify information before investing and consider their financial position & risk profile.