In Short : GQG Partners has sold part of its stake in Adani Power to Citadel Securities and SBI Funds Management. The move reflects GQG’s portfolio realignment while drawing strong institutional interest in Adani Power. With India’s electricity demand surging, the transaction underscores investor confidence in the company’s long-term growth prospects and its role in […]
Adani Power Secures NCLT Nod to Acquire Vidarbha Industries’ 600 MW Plant for ₹4,000 Crore – EQ
In Short : The National Company Law Tribunal has approved Adani Power’s ₹4,000 crore plan to acquire Vidarbha Industries Power Ltd, which operates a 600 MW thermal plant in Nagpur. This move aligns with Adani Power’s strategy to expand its power generation capacity from 17.6 GW to over 30 GW by 2030, strengthening its presence […]
Adani Group Posts Record EBITDA of Rs 90,000 Crore in FY25 – EQ
In Short : Adani Group reported a record ₹90,000 crore EBITDA in FY25, up 8.2% year-on-year, driven by infrastructure and green ventures. With ₹1.26 trillion in capex and ₹53,024 crore cash reserves, the group plans to invest $100 billion over six years—70% in green energy. Strong financials and expansion into renewables and airports highlight its […]
Adani Power bags 1,500 MW power contract from UP government: UP Energy Minister – EQ
In Short : Adani Power has won a 25-year contract to supply 1,500 MW of electricity to Uttar Pradesh at ₹5.383 per unit. The power will come from a new 1,600 MW thermal plant in Mirzapur, built under the DBFOO model. This initiative addresses the state’s rising power demand, projected to increase by 10,795 MW […]
Adani Power, Adani Green rise upto 8% on power supply deal with Maha Discom – EQ
In Short : Adani Power and Adani Green Energy shares surged by up to 8% following their deal with Maharashtra State Electricity Distribution Company Limited (Maha Discom). The companies secured a letter of intent to supply 6,600 MW of hybrid solar and thermal power. This agreement includes 5,000 MW of solar power from Khavda in […]
Adani Power Q2 FY24 net profit soars 848% on robust power demand, higher sales volume – EQ
In Short : Adani Power has reported a significant surge in its net profit for the second quarter of fiscal year 2023-24. The company’s profits soared by 848%, driven by robust power demand and higher sales volume. This impressive financial performance indicates Adani Power’s strong position in the market and its ability to capitalize on […]
Adani Power starts supplying power to Bangladesh from its Jharkhand plant – EQ Mag
The plant is located in Godda district in Jharkhand. APJL has a 25-year contract with Bangladesh Power Development Board (BPDB). Adani Power Ltd (APL) has started exporting power to Bangladesh from its 1,600 MW ultra-supercritical power project in Jharkhand. In a regulator filing on Monday, the company said Unit 2 of 800 MW capacity of […]
Adani Power Q4 profits jump 13% to Rs 5,242 crores – EQ Mag
Adani Group’s power company, Adani Power, published its results for the fourth quarter of FY23 as the company’s quarterly profit improved 13%. For the fourth quarter of FY23, Adani Power reported revenues of Rs 10,795 crores, down 19% YoY against Rs 13,308 crores reported in the corresponding quarter last year. Net EBITDA for the quarter […]
Adani Power Q3 profit plunges 96 per cent to Rs 9 crore – EQ Mag
In the year-ago period, the profit was Rs 218.49 crore, the company said in a BSE filing. Adani Power on Wednesday reported 96 per cent decline in consolidated net profit at Rs 8.77 crore for December quarter 2022-23 mainly on the back of higher expenses. In the year-ago period, the profit was Rs 218.49 crore, […]
Adani Power Limited has agreed to acquire DB Power Limited – EQ Mag Pro
Adani Power Limited has agreed to acquire DB Power Limited. For more information please see below link: