Adani Power Shares Rise for the 3rd Straight Day: Key Drivers Behind the Surge

Shares of Adani Power hit an 11-month high of ₹648.30, gaining 2% in Tuesday’s intra-day trade. Over the past two trading days, the stock rallied 6%, driven by the recent announcement of a hydro power plant order from Druk Green Power Corp. Ltd (DGPC), Bhutan Power Utility.

Currently, the stock is trading at its highest level since October 9, 2024, although it remains below its 52-week high of ₹681.30 recorded on September 16, 2024.

In the past one month, Adani Power has outperformed the market, surging 12%, compared to a 0.56% rise in the BSE Sensex and a 1.3% decline in the BSE Power index.

What’s Driving Adani Power Stock Price?

On September 6, 2025, Adani Power announced that it won a 570 MW hydro power plant order from DGPC to be set up in Wangchhu, Bhutan. The plant will be developed under a 49:51 joint ownership with DGPC, with an estimated investment of ₹6,000 crore for the renewable energy power plant and associated infrastructure.

The detailed project report (DPR) has already been prepared, and construction is expected to start in the first half of 2026, with a completion target within five years of groundbreaking.

Additionally, the company has placed an additional 4.8 GW turbine order in Q1 FY26, signaling plans for new capacity addition beyond the existing 31 GW target. Adani Power aims to expand its capacity from 18 GW to 31 GW, and has signed additional PPAs totalling 4.5 GW for under-construction plants.

Adani Power Share Split

In a separate filing on September 5, 2025, Adani Power fixed September 22, 2025 as the record date for the 1:5 share split, reducing the face value of shares from ₹10 to ₹2. Shareholders holding the stock in their demat accounts as of the record date will be eligible for the subdivision, enhancing liquidity and accessibility of the stock for investors.

Read More: Adani Power Shareholders Approve 1:5 Stock Split.

Conclusion

Adani Power’s recent surge highlights investor interest following its hydro power plant order in Bhutan, ongoing turbine orders, and the upcoming share split. The stock’s movement reflects market response to the company’s operational and corporate developments.

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