Share Price Of Adani Power Rose Nearly 4 Percent In Morning As It Has Signed Power - Dollar Advisory Financial Services

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Wednesday 8 November 2017

Share Price Of Adani Power Rose Nearly 4 Percent In Morning As It Has Signed Power

Share price of Adani Power rose nearly 4 percent in morning as it has signed power purchase agreement with Bangladesh Power Development board.

The company's wholly owned subsidiary Adani Power has signed a long term power purchase agreement for net capacity of 1496 MW with Bangladesh Power Development board for 25 years.

The power supply under the PPA will be made from a new 1600 MW ultra supercritical, coal based power plant to be set up by Adani Power at Godda, Jharkhand.

The board of directors will meet on November 11, to consider and approve the unaudited financial results for the quarter and six month ended September 30, 2017.

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