Adani Power Shares Surge 4%

11 Feb 2025 CW Team

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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..