Adani Power Surges 4.34%% After Signing ₹60 Billion Hydropower Pact With Bhutan’s DGPC

Mumbai, September 8, 2025: Adani Power Limited share price climbed 4.34% as of 1:00 PM on Monday, reaching an intraday high of ₹649.60 so far. The rally in the share price came after the company announced its latest international expansion plans through a strategic partnership with Bhutan’s Druk Green Power Corp. Ltd. (DGPC).

Adani Power Limited, headquartered in Ahmedabad, is India’s largest private thermal power producer. Operating within the Integrated Power Utilities sector, it is listed on the NSE and BSE under the ticker ADANIPOWER. With an installed capacity of 18,110 MW across several states and a 40 MW solar plant in Gujarat, the company plays a key role in driving India’s energy supply and infrastructure growth.

Shares Up By 26.45 Points At ₹636.15

As of 1:00 PM, shares of Adani Power Ltd were trading at ₹636.15, up by 26.45 points, a 4.34% increase from the previous close of ₹609.70. The stock witnessed an active session with a traded volume of 138.50 lakh shares, generating a traded value of ₹884.30 crore. The company’s total market capitalisation stood at ₹2,46,786.24 crore. On the order book, buy quantity was 4,55,493 shares while sell quantity was 10,11,898 shares, indicating higher selling pressure despite the price gain.

Key Trigger: A Shareholder’s Agreement Worth ₹60 billion

On September 6, 2025, the company announced that it had signed a shareholders agreement (SHA) with Bhutan’s Druk Green Power Corp. Ltd. (DGPC) to set up a 570 MW hydroelectric project at Wangchhu in Bhutan. The project has an estimated investment of ₹60 billion and is to be developed under a BOOT model (Build, Own, Operate, Transfer). Under the strategic partnership, Adani Power will hold a 49% stake, while DGPC will retain 51%. The initial share capital will be set at 4.9 million shares for APL and 5.1 million shares for DGPC, issued at BTN 100 each.

The partnership has a dual advantage, as the Wangchhu plant will cater to Bhutan’s peak winter demand and supply excess power to India during the summer. Given that the plant has an energy trade advantage, it has government backing. The agreements were signed in the presence of Bhutan’s Prime Minister and Adani Group Chairman Gautam Adani, underscoring strong bilateral energy cooperation.

Meeting Bhutan’s Peak Winter Energy Demand

Showing enthusiasm towards the many possibilities of the project, Adani Power stated, “Bhutan is a role model in sustainable development, and we are excited to contribute through this renewable energy project, which will meet Bhutan’s peak winter demand while exporting power to India in summer,” said SB Khyalia, CEO, Adani Power. Sharing the emotion, DGPC’s Managing Director, Dasho Chhewang Rinzin, added, “Partnering with the Adani Group will help fast-track implementation, strengthen energy security, and enhance grid connectivity between Bhutan and India”.

REF: https://nsearchives.nseindia.com/corporate/ADANIPOWER_06092025081629_Bhutan.pdf

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