Shares of Adani Power rose 3% on April 10 after the company announced the commissioning of its first 800 MW ultra-supercritical thermal power unit in Godda, Jharkhand.

Shares of the power company were trading 1.4% higher at Rs 194.85 on the BSE at 10:51 am.

Adani Power said it has started supplying 748 megawatts of electricity to Bangladesh from the plant. “The Godda Power Plant is a strategic asset in India’s long-standing relationship with Bangladesh,” Adani Power Chief Executive Officer SB Khyalia said in a bourse filing.

The release said it is the first power plant in the country to operate from day one with 100% flue gas desulphurisation (FGD), SCR and zero water discharge.

Adani Power said that although Bangladesh currently has long-term PPA relationships with three other imported coal-fired generators, the total electricity price of the Godda plant is competitive with its peers.

The power plant is part of Adani Group’s plan to produce 10,000 megawatts of electricity in the eastern Indian state of Jharkhand. The project has been in the works for several years.

The stock has fallen 30% in the past three months but has soared more than 500% in the past three years.

A Reuters report said India’s electricity generation grew at the fastest pace in more than three decades in the just-ended financial year, while another Mint news report said nearly 9% of electricity could come from India’s nuclear sources by 2047 quoting quoted Jitendra Singh, Union Minister of State (Independent Head) for Atomic Energy and Space.