Adani Power and Adani Green Energy have won a combined bid to supply 6,600 MW of renewable and thermal power to Maharashtra state for 25 years, the companies said in a joint statement. Adani Green Energy's wind-solar plant in Jaisalmer in Rajasthan state has been supplying Mumbai,

Shares of Adani Green Energy rose 6.40% to Rs 1,902.65, and Adani Power increased 6.45% to Rs 674.30. This follows the Adani group's receipt of a Letter of Intent from Maharashtra State DISCOM for 6,600 MW of hybrid solar and thermal power.

The uptick in the share prices of these companies came on the back of securing a letter of intent (LoI) form Maharashtra state DISCOM for supply of 6,600 MW hybrid solar and thermal power.

Adani Power shares surged over 5% after winning a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra at Rs 4.08 per unit, beating competitors like JSW Energy. Adani Green Energy shares also jumped by over 7%,

Adani Power and Adani Green Energy shares surged after securing a Letter of Intent for a combined 6,600 MW of hybrid solar and thermal power from Maharashtra State DISCOM.

Adani Power and Adani Green Energy are set to supply 6,600 MW of hybrid solar and thermal power to Maharashtra, bolstering their presence in the state and supporting India's energy transition towards renewable sources,