Adani Power shares surge on Bhutan hydroelectric plant deal
Adani Power's shares got a boost on Wednesday, rising to ₹651.50 after the company revealed plans for a new hydroelectric plant in Bhutan.
The jump follows an agreement with Druk Green Power Corporation Limited (DGPC) to build a major power facility—with trading volumes reaching 41.66 lakh shares and grabbing investor attention.
Adani and DGPC's partnership for Wangchhu project
Adani and DGPC just signed on September 5 to develop the 570MW Wangchhu project, aiming to kick off construction in 2026.
The investment is huge—₹6,000 crore—with Adani holding 49% and DGPC 51%.
This move is part of a bigger plan from May 2025 to ramp up Bhutan's hydropower by 5,000MW.
The project will help meet Bhutan's winter energy needs and send extra power to India in summer, strengthening ties between the two countries while expanding Adani Power's energy portfolio.