Adani Power’s ₹21,000 Cr Push to Light Up Madhya Pradesh

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India has rolled out a special economic package for Mauritius, targeting key sectors like infrastructure, healthcare, and employment to strengthen bilateral ties. Announced during PM Narendra Modi’s meeting with the Mauritian PM in Varanasi, the package includes upgrading a 500-bed hospital, establishing an AYUSH Centre of Excellence, modernizing the SSR International Airport’s ATC tower, and enhancing the ring road. More than aid, this move underscores India’s “Neighbourhood First” diplomacy, positioning it as a strategic partner in Mauritius’ growth while boosting regional connectivity and job creation.

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IMPACT NEWS

Adani Power Sparks ₹21,000 Cr Boost in Madhya Pradesh’s Energy Future

Adani Power, led by Gautam Adani, is set to make a massive ₹21,000 crore investment in Madhya Pradesh, unveiling plans for a 1,600 MW ultra-supercritical thermal power project. The initiative, structured under the DBFOO model (Design, Build, Finance, Own & Operate), reflects Adani’s long-term push to strengthen India’s energy backbone while addressing rising demand.

The project will be executed in two equal phases of 800 MW each, both contracted at a tariff of ₹5.838 per unit. Fuel requirements will be met through coal allocation under the government’s SHAKTI Policy (Scheme for Harnessing and Allocating Koyla Transparently in India), ensuring stable supply and operational efficiency. The plant is expected to be fully commissioned within 60 months, underscoring the company’s aggressive timelines and execution capability.

This investment isn’t just about adding capacity - it signals a broader shift towards next-gen supercritical technology, designed for higher efficiency and lower emissions compared to conventional plants. For Madhya Pradesh, the project promises a major boost in power reliability, industrial growth, and job creation, positioning the state as a hub for energy infrastructure.

MARKETS

Indian markets closed mildly higher today with the Sensex at 81,549 (+124 pts) and Nifty 50 at 25,005 (+32 pts), supported by strength in banks and oil & gas while IT and autos slipped on profit-booking; energy stocks like GAIL, BPCL, HPCL and IOC gained on upbeat brokerage calls, banks extended momentum, but IT cooled ahead of the Infosys board meet on buyback, capping upside; meanwhile, the rupee weakened to 88.44/$, and broader markets stayed muted-leaving Nifty consolidating around the 25k pivot after its recent rally, with traders eyeing India-U.S. trade talk progress and Fed policy cues for the next decisive move.
_{Closing figures as on 11.09.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers

✅ Aurobindo Pharma (+5.61%): Surged after reports of PE firm GTCR acquiring Zentiva in a multi-billion euro deal, boosting sentiment on pharma valuations and global opportunities.

✅ BHEL (+4.11%): Jumped on strong momentum in PSU stocks, supported by steady order flows and optimism around the government’s infra push ahead of policy cues.

✅ NHPC (+3.42%): Gained as investors bet on renewable and hydro power demand, with the stock seeing steady institutional interest amid energy sector optimism.

✅ Hind Zinc (+3.10%): Rose tracking strength in metal prices and positive outlook on zinc demand, lifting the stock along with other commodity-linked names.

Top Losers

🔻 Angel One (-5.16%): Crashed as SEBI’s reported move to scrap weekly F&O expiries spooked investors, since such changes could cut trading volumes and hurt brokerage revenues.

🔻 BSE Limited (-4.58%): Slumped on the same regulatory buzz - possible F&O expiry overhaul - raising fears of lower turnover on the exchange, pressuring stock sentiment.

🔻 Nuvama Wealth (-3.27%): Extended losses in sympathy with other broking names, as potential SEBI changes in derivatives contracts triggered caution across the wealth & brokerage space.

🔻 Sona BLW (-2.24%): Declined amid profit-booking in auto ancillary stocks with no fresh positive triggers; broader mid-cap weakness also weighed.

INDIA FRONTIER

Everything else you need to know today

🛍️ Expansion: Forum Malls, part of Prestige Group, is doubling down on India’s retail boom with plans to open 14 new malls by 2029 across metros like Delhi, Mumbai, Bengaluru, and Hyderabad. Among them: an 800,000 sq ft athleisure-focused mall near Bengaluru Airport in 2027. The expansion leans on festive-season shopping, which contributes up to 40% of annual sales.

🔥 Inflation: U.S. CPI for August is projected at 2.9% YoY (up from 2.7%), while core inflation is expected to stay at 3.1%. Tariff-related cost pressures are fueling stickiness, raising questions for the Fed. With rate cuts on the horizon, investors are watching closely-will inflation ease fast enough to give the Fed room to move?

🐕 Stray Dogs: India’s Supreme Court has modified its controversial Delhi order, allowing sterilized and vaccinated stray dogs to be released back to their original areas unless rabid or aggressive. The court also ordered designated feeding zones and urged a national stray dog policy, aiming to balance public safety with animal rights.

⚠️ Tax Scrutiny: India’s tax department is re-examining “exempt incomes” declared by senior professionals, Big Four partners, and retirees, sending notices that could mean surprise tax liabilities. The move has rattled high earners who assumed compliance, signaling a tighter crackdown on how exemptions are claimed and reported.

SPECIAL

Bullish Yet Cautious: 6 Large-Cap Picks for Smart Diversification

Indian markets are buzzing with renewed optimism, but experts are advising investors to balance bullish enthusiasm with cautious diversification. The Economic Times highlights six large-cap stocks across different sectors that could deliver up to 28% upside potential, making them attractive picks in the current environment.

The optimism comes on the back of positive triggers such as a potential India–US trade deal and expectations of GST rate rationalisation, both of which could boost investor confidence. However, while markets may appear to be turning bullish, seasoned investors know that long-term gains depend on a portfolio that blends growth potential with stability.

The six highlighted large-cap picks stand out due to strong earnings momentum, steady demand growth, operational efficiency, and robust balance sheets-factors that make them resilient even during market corrections. By spreading investments across multiple sectors, investors can reduce exposure to sector-specific risks while still riding the potential upside of India’s growth story.

In short, while the bulls may be inching back into action, the smarter play is to ride the wave with diversified large-cap bets - a strategy that promises not only growth but also stability in uncertain times.

THE HANOOMAAN INSTITUTE

How to think like the wealthy and spend like the wise.

Rich vs. Frugal
It’s not just income that builds wealth, it’s behavior. While some people accumulate assets quietly, others with high salaries still live paycheck to paycheck.

Here are 10 habits the truly wealthy live by:

1. Delay Gratification - They prioritize long-term wins over short-term splurges.
2. Invest Consistently - No market timing, just disciplined, compounding strategies.
3. Buy for Value - One quality item beats five cheap ones every time.
4. Prioritize Financial Education - Wealthy minds grow alongside growing bank accounts.
5. Track Every Rupee - Awareness equals control. Budgeting is their daily compass.
6. Avoid Lifestyle Inflation - Earnings rise, but spending doesn’t automatically follow.
7. Talk About Money - Open conversations replace confusion or avoidance.
8. Practice Emotional Discipline - Mindful choices replace impulse decisions.
9. Automate Their Finances - Systems handle savings, investments, and bills.
10. Define Success Personally - Peace of mind > status symbols.

💬 Takeaway: Wealth isn’t accidental, it’s built on everyday decisions. Which habit will you commit to today?

SUPERCHARGE YOUR INVESTING SKILLS

STOCK SCREENER TO UP YOUR GAME

Growth without dilution
by - Pratyush

Number of equity shares <= Number of equity shares 10years back * 1.1  AND
Sales growth 10Years > 10% AND
Average return on capital employed 10Years > 10% AND
Market Capitalization > 100

Thanks for reading.

Until tomorrow!

Hanoomaan India Business team

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