Adani Energy Shares In Limelight

New Delhi: Shares of Adani Power jumped nearly 8 per cent on Monday after the Adani group won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power. The stock surged 7.53 per cent to Rs 681.30 on the BSE. At the NSE, it jumped 7.59 per cent to Rs 681.55. Shares of Adani Green Energy also soared 7.39 per cent to Rs 1,920 on the BSE. At the NSE, it rallied 7.25 per cent to Rs 1,918. Adani Power’s bid for the bundled renewable and thermal energy supply for 25 years was almost a rupee lower than the cost at which Maharashtra currently procures electricity and will help meet future electricity requirements of the state, two sources with direct knowledge of the matter said. Supplies are to start in 48 months from the date of award of the letter of intent.