Adani Energy share price surged 8.69% today, closing at Rs 872.85. The stock opened at Rs 803, which was also its previous closing price. During the trading session, it hit a high of Rs 882.45 and a low of Rs 796.05. The strong upward movement came after the company announced a significant acquisition deal.
Overview of Contents
Why Adani Energy Solutions Shares Gained Today?
Adani Energy Solutions’ stock gained after the company signed a Share Purchase Agreement with REC Power Development and Consultancy (RECPDCL), a subsidiary of Maharatna PSU REC, to acquire a 100% stake in Mahan Transmission Limited (MTL). This acquisition is expected to enhance Adani Energy’s power transmission capacity and strengthen its position in the energy sector.
Details of the Deal
- The agreement was executed on March 26, 2025.
- MTL has an authorized share capital of Rs 5 lakh.
- MTL will help evacuate 1,230 MW of power from Adani Power’s upcoming 1,600 MW expansion units in Mahan, Madhya Pradesh.
- The total cash consideration for the deal stood at Rs 3.28 crore, along with reimbursement of expenses.
- The entire stake was sold through a competitive bidding process, in which Adani Energy Solutions emerged as the winner.
Adani Energy’s Growth in the Last Month
Adani Energy Solutions’ stock has risen nearly 31% in the last month, showing strong recovery from its 52-week low of Rs 588, which it hit in November last year. However, the stock is still significantly lower than its 52-week high of Rs 1,348.
Adani Energy’s Strategy
Adani Energy Solutions stated that this acquisition aligns with its strategy of enhancing value for shareholders through both organic and inorganic growth opportunities. By acquiring MTL, the company is expanding its power transmission capabilities, which could contribute to its long-term growth.
Conclusion
The acquisition of MTL is a significant step for Adani Energy as it strengthens its position in the power transmission sector. The stock’s strong performance today reflects investor confidence in the company’s growth plans.