Bangladesh has reduced its dues by paying $ 384 million (about Rs 3282 crore) to the company of Adani under the Power Supply Agreement in June. With this payment, Bangladesh has paid an outstand of $ 1.5 billion out of about $ 2 billion so far, but still Bangladesh will give around $ 500 million to Adani Power.
It is noteworthy that the 2017 power supply agreement is being investigated between Bangladesh and Adani Power after economic challenges due to domestic political instability. Bangladesh PM Sheikh Hasina was removed from the post due to political immunity, after which the financial situation of that country deteriorated.
Due to these financial difficulties, Bangladesh had difficulty in fulfilling its payment obligations, due to which Adani Power had to half of the power supply in November 2024. However, as soon as Bangladesh started paying its monthly dues, the entire supply was resumed in March 2025.
Adani Power has allegedly agreed to waive the delayed payment surcharge of about 20 million dollars for the period from January to June 2025, provided Bangladesh should follow its payment rules. A spokesman for Adani Power confirmed the payments, but did not share more information about the ‘claimed’ and ‘Agreed’ dues. He said that these discussions are private.
Bangladesh’s condition bad!
Bangladesh is facing challenges in generating adequate foreign exchange revenue required to cover essential imports like electricity, coal and oil. The country’s foreign store has declined, due to which the lack of electricity in rural areas has increased and political unrest has increased. Due to this unrest, the Interim government has requested additional financial assistance from IMF in addition to the existing $ 4.7 billion bailout package.
These companies provide electricity to Bangladesh
The interim administration, led by Muhammad Yunus, has termed the existing agreements including Adani power deal as opaque and have taken the initiative to form a high level committee to re -examine these deals. Apart from Adani Power, other Indian companies like NTPC and PTC India also provide electricity to Bangladesh.
Performance of Adani Power
Adani Power shares have rose strongly this week, due to strong trading volume on Friday, it rose 3.8% to a high of Rs 605 on BSE. On the technical front, the stock is trading comfortably above EMA. Trendline data suggests that the 5-day EMA is at 558.3, 10-day EMA is at 555.7, and 20-day EMA is at 555.0.
The RSI of the stock is moving around around 59, which indicates neutral speed. In the last year, Adani Power shares have declined by 15 per cent, but in recent months it has seen a boom. So far this year, this stock has risen 14.50 percent, while this stock has increased by 19.03 in six months. It has increased by 16.12% in the last three months and it has increased by 9.14% in the last month itself. On Friday, Adani Power shares rose 1.11% to close at Rs 584.25.
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