Adani Power Ltd (APL) shares are in the spotlight as Friday marks the final trading session for investors to purchase shares and qualify for the company's upcoming stock split. This corporate action represents a significant milestone for APL, being its first-ever stock split since going public.

Stock Split Details

The board of Adani Power has approved a 1:5 stock split, which means:

• Each fully paid-up equity share with a face value of Rs 10.00 will be divided into five shares
• The new face value of each share will be Rs 2.00

This move is expected to increase the liquidity of the stock and make it more accessible to a broader range of investors.

Key Dates and Shareholding Pattern

• Last Date to Buy: Friday (current trading session)
• Record Date: To be announced

The current shareholding pattern of Adani Power is as follows:

The company has a total of 385.69 crore fully paid-up equity shares.

Recent Stock Performance

Adani Power's stock has shown mixed performance over different time frames:

• Closing Price (Thursday): Rs 630.85 (0.10% lower)
• 12-Month Performance: 3.00% decline
• Year-to-Date Performance: 19.00% gain
• Current Price vs 52-Week High: Trading 6.90% below the 52-week high of Rs 678.00

Investors and market participants will be closely watching the stock's movement following the split, as it may impact trading patterns and valuation metrics. However, it's important to note that a stock split doesn't change the fundamental value of a company; it merely increases the number of outstanding shares while proportionally decreasing the price per share.

As always, investors are advised to conduct their own research and consider their financial goals before making investment decisions.

Adani Power Ltd has taken a significant step in expanding its power generation footprint by signing a Power Supply Agreement (PSA) with the Bihar Government. The agreement entails the supply of 2,400 MW of power, marking a substantial commitment to the state's energy needs.

Investment and Project Details

The power giant plans to invest approximately $3 billion (equivalent to about ₹24,780.00 crore) to establish a new power plant and its associated infrastructure. This project will be executed under the Design, Build, Own and Operate (DBOO) model, showcasing Adani Power's end-to-end capabilities in power project development and management.

Strategic Implications

This agreement represents a major development for both Adani Power and the state of Bihar:

• Capacity Expansion: The 2,400 MW project significantly boosts Adani Power's generation capacity, reinforcing its position in the Indian power sector.
• Energy Security: For Bihar, this deal promises to enhance the state's power supply, potentially improving energy access and reliability for its residents and industries.
• Economic Impact: The substantial investment of $3 billion is likely to create jobs and stimulate economic activity in the region.

Project Model

The DBOO model chosen for this project offers several advantages:

• It allows Adani Power to leverage its expertise across the entire project lifecycle.
• The company will retain ownership and operational control, ensuring long-term involvement and potentially optimizing efficiency.
• This model often facilitates faster project completion and can be more cost-effective in the long run.

While specific details about the project timeline, technology to be used, or the exact location within Bihar have not been disclosed, this agreement underscores Adani Power's commitment to expanding its power generation portfolio and contributing to India's growing energy needs.