New
Delhi, April 1 Shares of Adani Group's power business arm Adani Power hit the 10 per cent
upper circuit on Friday.
Notably,
the power producer company has doubled its investors' money in 2022. So far in
the current calendar year, it rose 101 per cent.
On
Friday, the shares were locked in the upper circuit at Rs 203.6, as against Rs
101.3 in early January.
According
to reports, India's power consumption grew steadily to 126.12 billion units in
March, which is up by 4.6 per cent year-on-year.
Notably,
an ease in lockdown restrictions by states somewhat raised the demand for
power. An improved demand in the power sector is expected to support earnings
of the companies associated.
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