What is the main reason for the high of Adani Power?

The share of Adani Power rose about 70% instantly in the last four trade sessions. The rise in the share price of Adani Power is because of two reasons. The first reason is its investment in green energy. Due to the instant rise in the price of petrol and diesel, the demand for green energy use has risen and the company has invested in only green energy which made its share price rise high as per the information given by the Vice Chairman of GCL Securities, Ravi Singhal. Also, he said that a few months later the share price of Adani power will climb to Rs. 255. The rise in temperature due to global warming across the country leads to an increase in power consumption demand which adds to the company’s profit.

There are several parts of India where a crisis of power supply has been seen and Adani Power is using this crisis as a key profit source and also consequently helping people. Adani Power is a power and energy supply company. It has its head office in Khodiyar, Ahmedabad. It was founded in 1996 and since then it is one of the best power and energy supply companies in India. And recently, due to its rise in share price, the demand for Adani Power rose. Along with thermal plants, it also produces a solar plant which is very unique. It is a private power and energy supply company. Also, the company won several awards for its excellent innovative idea.