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Two portfolio companies of the Adani Group have received Letters of Award (LoA) from the Assam Government for two transformative projects in Assam: a state-of-the-art thermal power plant and a pioneering pumped storage facility, which would see them collectively invest Rs ~63,000 crore in the state.
Adani Power will invest Rs ~48,000 crore to set up a 3,200 MW greenfield ultra super critical power plant in Assam. Separately, Adani Green Energy intends to invest Rs ~15,000 crore, to set up two Pumped Storage Plants (PSP) in the state with a combined capacity of 2,700 MW. AGEL has received an LoA for 500 MW of energy storage capacity, which will be catered from the above PSPs.
These landmark initiatives underscore the Adani Group's strategic focus on the advancement of India's northeastern region, aligning with Chairman Gautam Adani's pledge in February this year to invest Rs 50,000 crore in the region's development and growth.
The power would be supplied from the 3200 MW (4x800MW) thermal power project to be developed in Assam. The project would be executed on design, build, finance, own and operate model.
The project shall be commissioned in a phased manner starting December 2030 with full commissioning by December 2032.
Adani Power (APL), a part of the Adani portfolio, is the largest private thermal power producer in India. The company has an installed thermal power capacity of 18,110 MW and a 40 MW solar power plant.
The company’s consolidated net profit declined 11.38% to Rs 2,952.78 crore in Q2 FY26 from Rs 3,331.80 crore posted in Q2 FY25. Revenue rose by 0.88% year-on-year (YoY) to Rs 13,456.84 crore in Q2 FY26.
Oberoi Realty Ltd, Power Grid Corporation of India Ltd, Craftsman Automation Ltd, Atul Ltd are among the other stocks to see a surge in volumes on BSE today, 16 October 2025.
Adani Power Ltd witnessed volume of 1020.37 lakh shares by 10:47 IST on BSE, a 14.41 times surge over two-week average daily volume of 70.81 lakh shares. The stock dropped 0.92% to Rs.156.10. Volumes stood at 32.3 lakh shares in the last session.
Oberoi Realty Ltd witnessed volume of 66455 shares by 10:47 IST on BSE, a 7.92 times surge over two-week average daily volume of 8387 shares. The stock increased 4.34% to Rs.1,670.50. Volumes stood at 9822 shares in the last session.
Power Grid Corporation of India Ltd saw volume of 39.4 lakh shares by 10:47 IST on BSE, a 6.73 fold spurt over two-week average daily volume of 5.86 lakh shares. The stock dropped 0.17% to Rs.290.95. Volumes stood at 2.06 lakh shares in the last session.
Craftsman Automation Ltd clocked volume of 3401 shares by 10:47 IST on BSE, a 5.79 times surge over two-week average daily volume of 588 shares. The stock gained 5.48% to Rs.6,774.80. Volumes stood at 509 shares in the last session.
Atul Ltd registered volume of 4300 shares by 10:47 IST on BSE, a 5.07 fold spurt over two-week average daily volume of 848 shares. The stock rose 1.45% to Rs.5,851.00. Volumes stood at 1362 shares in the last session.