Adani Power stock gets 770 MW Bhutan hydropower project
Published on 10/07/2026 at 06:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Adani Power stock was last at INR 200.30 on the NSE at 10:04 a.m. IST on October 7, 2026, down 1.04 percent from the previous close. The company signed a 49:51 agreement for a 770 MW hydropower project in Bhutan on October 6, 2026, giving the thermal power producer a new renewable-energy development milestone.
Bhutan adds 770 MW
According to Adani Power, the Chamkharchhu-I project will be developed with Bhutanese utility Druk Green Power Corporation under a 49:51 equity partnership. Construction is expected to begin in the first half of 2027, while commissioning is targeted within six years of groundbreaking.
The project will operate under a 30-year Build, Own, Operate and Transfer concession and forms part of a broader 5,000 MW hydropower partnership. For Adani Power, the commercial significance lies in adding a long-dated hydro asset to a portfolio still dominated by thermal generation, although the project will require a multiyear construction and financing cycle.
Q1 revenue jumps to INR 18,902 crore
Adani Power's latest reported quarter also provides a stronger operating base. Screener shows consolidated Q1 FY27 sales of INR 18,902 crore, up 32.9 percent from INR 14,223 crore in Q4 FY26. Operating profit reached INR 7,949 crore, producing a 42 percent operating margin.
Consolidated net profit rose to INR 4,867 crore in Q1 FY27 from INR 4,271 crore in Q4 FY26, a 14.0 percent increase. The comparison matters because the Bhutan project is a future growth investment, while the latest reported figures show the cash-generating power business that must support expansion.
Analysts see room above INR 252
The analyst consensus published by Investing.com is Buy across 11 analysts, with 9 Buy ratings, 2 Holds and no Sell ratings. The average 12-month target is INR 252.45, with a high estimate of INR 282 and a low estimate of INR 220; the average target is 26.0 percent above the October 7 price.
That valuation gap sits beside a demanding expansion agenda. Adani Power is developing new thermal and hydro capacity while its latest quarterly operating margin was 42 percent, making execution, funding and eventual project commissioning central to the investment case.
Stock trades below yearly high
Adani Power was last at INR 200.30 on the NSE on October 7, 2026, with a day range of INR 200.10 to INR 203.45 and a 52-week range of INR 128.10 to INR 254.20. The market capitalization was INR 3.9 trillion and trading volume stood at 3,170,176 shares.
Adani Power stock facts
- Company: Adani Power Limited
- Ticker: ADANIPOWER
- Trading venue: NSE
- Price (as of October 7, 2026, 10:04 a.m. IST): INR 200.30
- Market capitalization: INR 3.9 trillion (as of October 7, 2026)
- 52-week range: INR 128.10-254.20 (as of October 7, 2026)
- Sector / Industry: Utilities / Independent Power Producers
