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Adani Group Shares Gained Around 2% – 3%; Check the Key Reasons

Stocks of Adani Group gained around 2% on Monday, July 17, with the shares of Adani Enterprises gaining over 3%.

Stocks of Adani Group gained around 2% on Monday, July 17, with the shares of Adani Enterprises gaining over 3%.

The share price of Adani Wilmar, Adani Total Gas, and Adani Power gained over 3% each, whereas Adani Ports and Adani Transmission rose over 2% each. Among other stocks, Adani Green Energy, ACC, and Ambuja Cement were up over 1.55% each.

Bangladesh Prime Minister Sheikh Hasina received a call from Adani Group’s Chairman, Gautam Adani, on Saturday following the full load commencement of power supply to Bangladesh from the Ultra Super-Critical Thermal Power Plant of the Group in Godda.

Adani Power Jharkhand Ltd will supply 100% of the electricity generated from the plan to Bangladesh.

The Maharashtra Government has approved Adani Group’s proposal to rehabilitate residents of Mumbai’s 590-acre Dharavi locality, almost eight months after the conglomerate won a tender to develop the slum.

On Friday, the state’s housing department confirmed that Adani Group will be the government’s official partner for the Dharavi redevelopment project, involving an investment of at least $3 billion.

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