Adani Power shares surge 3% on MSEDCL pact to supply power to Maharashtra

Shares of Adani Power increased 3% as the company signed a deal with MSEDCL to supply 1,500 MW of power. Adani Green Energy also penned agreements to provide 5,000 MW of solar power. Despite reporting a 50% drop in net profit for Q2 FY25, Adani Power's revenue and EBITDA showed growth.