Adani Power Share Price Rises 5% as Company Seals Hydropower Deal in Bhutan

Stock Market Today: Adani Power in Focus

Adani Power share price grabbed investor attention on Monday as the stock climbed nearly 5% to ₹638.90 apiece during intraday trade. The rally came after the company disclosed a major development in Bhutan—one that could shape its renewable energy roadmap for years ahead.

The Big Development: Adani Power’s Agreement in Bhutan

In its latest exchange filing, Adani Power confirmed it has entered into a shareholders’ agreement with Bhutan’s Druk Green Power Corp (DGPC), the state-owned utility. The partnership is set to bring to life a 570 MW hydroelectric project at Wangchhu in Bhutan.

Here are the key highlights of the agreement:

• Shareholding Structure: A new public company will be formed in Bhutan, with Adani Power holding 49% and DGPC holding 51%.
• Board Representation: Both entities will have the right to appoint three directors each on the project’s board.
• Project Investment: Around ₹60 billion will be invested to set up the power plant and supporting infrastructure.
• Timeline: Construction is expected to begin in the first half of 2026, with project completion targeted within five years of groundbreaking.

Why This Project Matters?

The Wangchhu project is not just another hydro deal—it carries strategic weight. Bhutan already stands out globally for its commitment to sustainable development, and this project strengthens that narrative. For Adani Power, it also marks a deeper play into the renewable energy space.

The project’s benefits include:

• Meeting Bhutan’s peak winter demand, when hydropower output typically dips.
• Exporting surplus power to India during the summer months.
• Strengthening regional energy cooperation under the India-Bhutan power corridor.

Broader Partnership Between Adani Group and Bhutan

This hydroelectric project is the first initiative under a memorandum of understanding signed in May 2025 between the Adani Group and DGPC. The MoU envisions jointly developing 5,000 MW of hydropower capacity in Bhutan.

The latest agreement signals the start of a long-term strategic collaboration. Discussions are already underway for future projects under this partnership, making it a key milestone for Adani Power’s regional expansion.

Market Snapshot: Adani Power’s Recent Performance

Adani Power has been a strong performer on Dalal Street:

• 1 Month: Stock up 10%
• 6 Months: Gained nearly 27%
• 1 Year: Delivered significant returns to investors

The surge in share price following the Bhutan deal reflects strong market sentiment around the company’s renewable energy focus and strategic global partnerships.

Summary

Adani Power’s announcement of a 570 MW hydropower project in Bhutan, in collaboration with DGPC, sparked a 5% rise in its share price. With ₹60 billion in investment, construction beginning in 2026, and completion within five years, the project not only supports Bhutan’s energy security but also strengthens power trade with India. This marks the first major initiative under the Adani Group–DGPC MoU for 5,000 MW hydropower development, positioning Adani Power as a key player in South Asia’s renewable energy growth story.