Ambani, Adani join hands as RIL buys 26% stake in Adani Power project
The two tycoons have signed an exclusive arrangement for 500 MW of power purchase by Reliance on a long-term basis
The two tycoons have signed an exclusive arrangement for 500 MW of power purchase by Reliance on a long-term basis
Adani Enterprises stock jumps 17% in intraday trade to ₹2,303.50 apiece on the NSE.
The Adani Power stock was moved out of short-term additional surveillance measures framework by the NSE last week.
The company’s Q4 operating performance, however, was impacted due to high import coal prices and plant overhaul, though it was partially offset by improved volumes due to high demand.