Orient Cement said APML has requested it not to pursue this venture further as they are not able to obtain the required MIDC clearances for sub-leasing the parcel of land required for the CGU
Share price of Adani Power fell for the second straight session today as investors booked profit from record high. Adani Power stock hit lower circuit of 5 per cent to Rs 390.65 against the previous close of Rs 411.20 on BSE. In the previous session, shares of Adani Power closed 5 per cent lower at Rs 411.20. On Monday (August 22), the stock hit all-time high of Rs 432.80 after the Adani Group firm said it would buy DB Power Limited for an enterprise value of Rs 7,017 crore.
Shares of Adani Power hit all-time high today after the Adani Group firm said it would buy DB Power Limited for an enterprise value of Rs 7,017 crore. Adani Power share price touched a record high of Rs 429.65, rising 3.83 per cent to the previous close of Rs 412.20. A total of 13.97 lakh shares of the firm changed hands, amounting to a turnover of Rs 59.32 crore on the BSE. Market cap of the company rose to Rs 1.64 lakh crore on BSE.
Adani Power on Friday said it will acquire DB Power Ltd, which owns and operates a 2x600 MW thermal power plant at Janjgir-Champa district in Chhattisgarh, at an enterprise value of Rs 7,017 crore for cash consideration.