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The Economic Times
The Economic Times
Surbhi Khanna

Adani Power gains 2% after signing pact for 770-MW hydropower project in Bhutan

Adani Power Bhutan SHA Surbhi Khanna SEBI

Shares of Adani Power gained 2% on Tuesday to hit a day’s high of Rs 205 on the NSE after the company signed a shareholder agreement (SHA) with Druk Green Power Corporation (DGPC) to set up the 770-MW Chamkharchhu Hydropower Project in Thimphu, Bhutan.

Under the SHA, Adani Power and DGPC will jointly incorporate a public company in Bhutan, with a 49:51 shareholding, to undertake the project, according to a release filed with the exchange.

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