Shares of Adani Power Limited surged nearly 5% on Monday, reaching a fresh 52-week high and becoming the most valuable firm in the Adani Group. The stock increased 4.5% to Rs 207.50, elevating its market capitalisation to around ₹3.99 lakh crore. Adani Green Energy follows with a market cap of ₹1.92 lakh crore, while Adani Energy Solutions stands at ₹1.51 lakh crore. Other group companies include Ambuja Cements at ₹1.13 lakh crore and Adani Total Gas valued at ₹68,529 crore.
Adani Power, the largest private thermal power producer in India, has a generation capacity of 18,110 MW. The stock has delivered 441% returns over the past three years and 84% in the last 12 months, outperforming the Nifty and BSE Sensex. The recent surge followed the announcement of its wholly-owned subsidiary Adani Atomic Energy Limited incorporating Coastal-Maha Atomic Energy Limited. ICRA Limited assigned ICRA AA/Stable and ICRA A1+ ratings to Adani Power’s additional term loans and reaffirmed ratings on existing facilities.
