+
Adani Power Shares Surge 4%
POWER & RENEWABLE ENERGY

Adani Power Shares Surge 4%

Shares of Adani Group company Adani Power surged 4.2% in early trade today, reaching a day’s high of Rs 511.85 on the BSE, after Bangladesh asked the firm to fully resume supplies from its 1,600-megawatt plant in India. This comes after more than three months of reduced sales, during which supplies were halved due to low winter demand and payment disputes, according to a Bangladesh official. The state-run Bangladesh Power Development Board (BPDB) stated that it had been paying $85 million per month to Adani to settle outstanding dues and has now requested the company to resume supply from the second unit. The Indian company reduced its supply to Bangladesh by half on October 31 due to payment delays caused by the country's foreign exchange shortage. As a result, one unit was shut down on November 1, bringing the plant's operational capacity down to approximately 42%.Adani, which entered into a 25-year contract under former Prime Minister Sheikh Hasina in 2017, has been supplying power from its $2 billion plant in Jharkhand, India. The plant consists of two units, each with a capacity of 800 megawatts, and sells electricity exclusively to Bangladesh.In December, an Adani source revealed that BPDB owed the company about $900 million, while Karim stated the amount was only about $650 million at the time. The pricing dispute centers around how power tariffs are calculated. The 2017 agreement sets prices based on an average of two indexes. Adani’s power costs Bangladesh about 55% more than the average price of all Indian power sold to Dhaka, according to Reuters. A Bangladesh court has ordered an examination of the contract with Adani by a committee of experts, with results expected this month. This could potentially lead to contract renegotiations.

Shares of Adani Group company Adani Power surged 4.2% in early trade today, reaching a day’s high of Rs 511.85 on the BSE, after Bangladesh asked the firm to fully resume supplies from its 1,600-megawatt plant in India. This comes after more than three months of reduced sales, during which supplies were halved due to low winter demand and payment disputes, according to a Bangladesh official. The state-run Bangladesh Power Development Board (BPDB) stated that it had been paying $85 million per month to Adani to settle outstanding dues and has now requested the company to resume supply from the second unit. The Indian company reduced its supply to Bangladesh by half on October 31 due to payment delays caused by the country's foreign exchange shortage. As a result, one unit was shut down on November 1, bringing the plant's operational capacity down to approximately 42%.Adani, which entered into a 25-year contract under former Prime Minister Sheikh Hasina in 2017, has been supplying power from its $2 billion plant in Jharkhand, India. The plant consists of two units, each with a capacity of 800 megawatts, and sells electricity exclusively to Bangladesh.In December, an Adani source revealed that BPDB owed the company about $900 million, while Karim stated the amount was only about $650 million at the time. The pricing dispute centers around how power tariffs are calculated. The 2017 agreement sets prices based on an average of two indexes. Adani’s power costs Bangladesh about 55% more than the average price of all Indian power sold to Dhaka, according to Reuters. A Bangladesh court has ordered an examination of the contract with Adani by a committee of experts, with results expected this month. This could potentially lead to contract renegotiations.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?