NSE: ADANIPOWER · 6 October 2026
- Adani Power Ltd shares edged higher in trading, recording a modest gain of 0.70% to settle at ₹202.40. The stock moved within a intraday range, touching a high of ₹205.31 and a low of ₹201.42 after opening slightly higher at ₹201.48 compared to its previous close of ₹201.00.
- Adani Power Limited and Bhutan's state-owned Druk Green Power Corp. Ltd. signed a shareholders agreement on October 5, 2026, to jointly incorporate a public company in Bhutan with a 49:51 shareholding. The venture will execute the 770 MW Chamkharchhu-I Hydroelectric Project under a BOOT model with a 30-year concession from commercial operation date. Initially, the project company will issue 4.9 million shares to Adani Power and 5.1 million shares to Druk Green Power at BTN 100 per share.
- Trading volume was 1.35 times the 20-day average daily volume.
Why is Adani Power share price rising on 6 October 2026?
Adani Power Ltd shares edged higher in trading, recording a modest gain of 0.70% to settle at ₹202.40. The stock moved within a intraday range, touching a high of ₹205.31 and a low of ₹201.42 after opening slightly higher at ₹201.48 compared to its previous close of ₹201.00.
The broader market demonstrated positive momentum, with the benchmark Nifty advancing 0.98%. Over a slightly longer horizon, Adani Power has shown positive price recovery, registering a 3.11% return over the trailing 5 trading days, even as its 20-day return stands at -2.88%.
Today's price movement coincides with the company's official disclosure regarding the signing of a major shareholders agreement on October 5, 2026, with Bhutan's state-owned Druk Green Power Corp. Ltd. to set up the 770 MW Chamkharchhu-I Hydroelectric Project in Bhutan through a 49:51 equity joint venture. While this strategic cross-border partnership provides constructive medium-term business context, no single confirmed trigger directly tied this announcement as the sole driver for today's mild equity tick.
2.32 crore shares traded by 6 October 2026 · 03:15 PM IST. This compares with a 20-day average daily volume of 1.72 crore shares (1.35 times). The five-day average daily volume was 2.16 crore shares. Separately, the NSE report for 5 October 2026 showed 93.28 lakh shares delivered, representing 47.22% of that day’s traded volume. The same report recorded 131,298 trades.
Adani Power shares gained 0.70% on higher-than-average volume, supported by recent company announcements regarding its cross-border hydropower joint venture in Bhutan and corporate restructuring milestones. However, given the absence of a direct same-day operational trigger, the move reflects steady underlying sentiment rather than a singular market catalyst.
Latest Company Developments
Adani Power Limited and Bhutan's state-owned Druk Green Power Corp. Ltd. signed a shareholders agreement on October 5, 2026, to jointly incorporate a public company in Bhutan with a 49:51 shareholding. The venture will execute the 770 MW Chamkharchhu-I Hydroelectric Project under a BOOT model with a 30-year concession from commercial operation date. Initially, the project company will issue 4.9 million shares to Adani Power and 5.1 million shares to Druk Green Power at BTN 100 per share.
Expands the company's regional renewable energy footprint and supports long-term international generation capacity.
Adani Power informed the stock exchanges that SEBI passed a settlement order following settlement applications filed by the company, its directors Gautam S. Adani and Rajesh S. Adani, and erstwhile director Vneet Jaain. The matter addressed alleged technical violations regarding public shareholding norms and listing agreement clauses without admission or denial of findings. The company paid a settlement amount of INR 37,05,000.
Resolves pending regulatory proceedings with a minor financial penalty and no material impact on operations.
Following approvals from the NCLT Ahmedabad and NCLT Mumbai benches, the scheme of amalgamation involving ten wholly owned subsidiaries—including Adani Power Dahej Ltd, Vidarbha Industries Power Ltd, and others—became effective on September 25, 2026. The appointed date for the corporate restructuring is April 1, 2025. The dissolved entities have fully integrated into Adani Power Limited.
Simplifies the corporate structure, reduces compliance multiplicity, and consolidates operational assets under the parent entity.
Assignment of Maharashtra State Electricity Distribution Co. Limited s 2500 MW RE RTC Power Supply Contract by Adani Power Limited to Powerpulse Trading Solutions Limited.
The exchange sought clarification from the company regarding a recent media report. Such a request is a verification step and does not by itself confirm the reported issue.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 3.92% on 30 June 2026. This compares with 3.62% on 31 March 2026, a change of +0.30 percentage points.
The filing reported 36 MF/UTI holders.
Research & Brokerage Views
Initiated coverage on Adani Power with a 'Buy' rating, highlighting the company's position and focus in the power sector.
Maintained a positive stance on Adani Group power entities, citing growth prospects and strategic asset positioning.
Issued a 'Buy' rating predicated on strong project execution visibility and operational capacity expansion.
Historical Bulk / Block Deals
What to Watch Next
- Upcoming unandited financial results for the quarter and half year ended September 30, 2026, scheduled for board consideration on October 23, 2026.
- Progress on the integration of the ten recently amalgamated wholly owned subsidiaries.
- Developments regarding execution timelines for the 770 MW Chamkharchhu-I Hydropower Project in Bhutan.
- Delivery volume trends relative to the 20-day average volume of 1.35x observed today.
Other Dated Coverage
- Why Adani Power Shares Are Rising 2.44% Today | 5 October 2026 — 5 October 2026
- Why Adani Power Shares Fall 3.82% Today: Volume & Market Context | 1 October 2026 — 1 October 2026
- Why Adani Power Shares Are Up 3.92% Today: Price Action & Context | 30 September 2026 — 30 September 2026
More Adani Power news and dated analysis →
Frequently Asked Questions
What is the latest Adani Power company news?
Adani Power Limited and Bhutan's state-owned Druk Green Power Corp. Ltd. signed a shareholders agreement on October 5, 2026, to jointly incorporate a public company in Bhutan with a 49:51 shareholding. The venture will execute the 770 MW Chamkharchhu-I Hydroelectric Project under a BOOT model with a 30-year concession from commercial operation date. Initially, the project company will issue 4.9 million shares to Adani Power and 5.1 million shares to Druk Green Power at BTN 100 per share.
How strong was Adani Power’s trading volume?
2.32 crore shares traded, 1.35 times the 20-day average daily volume. The price and volume data are dated 6 October 2026 · 03:15 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.
Article by: WittyTrades Research Desk
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.