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Why are Adani Group stocks up by 10% today?

Adani Group stocks rose after announcing a Rs 65,000 crore investment in Chhattisgarh for energy and cement projects. The investment includes expanding power plants, cement facilities, and CSR initiatives, boosting investor confidence.
Adani Group Stocks Surge 10% Today Following ₹65,000 Crore Investment in Chhattisgarh Projects
Adani Group Stocks Surge 10% Today Following ₹65,000 Crore Investment in Chhattisgarh Projects

Adani Group stocks have garnered attention after announcing a Rs 65,000 crore investment in Chhattisgarh. The company’s focus on energy and cement projects in the state has sparked optimism, boosting investor sentiment.

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During a meeting with Chhattisgarh CM Vishnu Deo Sai, Chairman Gautam Adani revealed plans to invest Rs 60,000 crore to expand the group’s power plants in Raipur, Korba, and Raigarh. The expansion will increase the state’s power generation capacity by 6,120 MW, marking a significant growth trajectory for Adani Power.

Adani Power aims to double its thermal power capacity to 30.67 GW by 2029-30, up from the current 15 GW. Last month, the company revealed plans to invest Rs 20,000 crore for a new coal-fired ultra-supercritical thermal power plant in Bihar, further strengthening its position.

The Adani Group also committed Rs 5,000 crore for expanding its cement plants in Chhattisgarh. Adani Cement operates integrated units in Bhatapara and Jamul, with the Bhatapara unit undergoing expansion. The cement initiative aligns with the group’s long-term growth strategy.

Additionally, the group pledged Rs 10,000 crore for CSR initiatives in education, healthcare, and tourism, signaling its commitment to community development. This comprehensive investment plan has driven investor confidence, resulting in heightened focus on Adani Group stocks.

Also Read: Ambani group stock hits 5% lower circuit after its net profit declines by 29% QoQ

Adani Enterprises Ltd

On January 14, 2025, Adani Enterprises Ltd. opened at ₹2,259.95, up 1.63% from its previous close of ₹2,223.85. The stock reached a high of ₹2,420.00 (8.85%) and a low of ₹2,247.95. By 11:14 AM, it traded at ₹2,412.90, an 8.50% increase, with a market cap of ₹2,78,492.27 crore.

Adani Ports and Special Economic Zone Ltd

On January 14, 2025, Adani Ports and Special Economic Zone Ltd. opened at ₹1,075.05, up 0.77% from its previous close of ₹1,066.75. The stock reached a high of ₹1,129.05 (5.60%) and a low of ₹1,075.05. By 11:19 AM, it traded at ₹1,126.50, a 5.60% increase, with a market cap of ₹2,43,339.65 crore.

Check Out: List Of All BSE And NSE Stocks

Adani Green Energy Ltd

On January 14, 2025, Adani Green Energy Ltd. opened at ₹890.05, up 0.01% from its previous close of ₹889.90. The stock reached a high of ₹1,011.40 (12.23%) and a low of ₹890.05. By 11:21 AM, it traded at ₹998.70, a 12.23% increase, with a market cap of ₹1,58,197.32 crore.

Adani Power Ltd

On January 14, 2025, Adani Power Ltd. opened at ₹458.00, up 1.73% from its previous close of ₹450.15. The stock reached a high of ₹535.00 (17.45%) and a low of ₹458.00. By 11:22 AM, it traded at ₹528.70, a 17.45% increase, with a market cap of ₹2,03,916.36 crore.

Also Read: PSU stock jumps after company receives order worth ₹561 Cr for fire control system

Adani Total Gas Ltd

On January 14, 2025, Adani Total Gas Ltd. opened at ₹630.05, up 0.29% from its previous close of ₹628.25. The stock reached a high of ₹691.05 (8.90%) and a low of ₹630.05. By 11:24 AM, it traded at ₹684.15, an 8.90% increase, with a market cap of ₹75,243.51 crore.

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Adani Wilmar Ltd

On January 14, 2025, Adani Wilmar Ltd. opened at ₹263.95, up 0.55% from its previous close of ₹262.45. The stock reached a high of ₹270.50 (2.31%) and a low of ₹257.95. By 11:25 AM, it traded at ₹268.50, a 2.31% increase, with a market cap of ₹34,896.37 crore.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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