Total income of the company rose to Rs 6,902.01 crore in the quarter from Rs 6,327.57 crore in the same period a year ago. NEW DELHI: Adani Power on Thursday posted a consolidated net profit of Rs 13.13 crore in the March 2021 quarter, mainly on account of higher revenues. The company had posted a […]
Discoms’ outstanding dues to power gencos rise nearly 24pc to Rs 1.36 lakh crore in Dec
The distribution companies (discoms) owed a total of Rs 1,10,660 crore to power generation firms in December 2019 New Delhi: Total dues owed by electricity distribution companies to power producers rose nearly 24 per cent to Rs 1,36,966 crore in December 2020 compared to the same month a year ago, reflecting stress in the sector. […]
Adani Enterprises, Adani Power slip on D-Street
Adani Enterprises, Adani Power slip on D-Street after France-based Total Renewables SAS buys 100% stake of UT UT is an entity which was disclosed as part of the promoter group of both companies. Both Adani Enterprises and Adani Power have informed exchanges that 100% shares of Universal Trade and Investments Ltd (“UT”) have been acquired […]
Miscellaneous Application filed by Adani Power Maharashtra Limited for issuing consequential Orders as per APTEL Judgment
Miscellaneous Application 54 of 2020 filed by Adani Power Maharashtra Limited for issuing consequential Orders as per APTEL Judgment dated 28 September 2020 in Appeal No 155 of 2019 & Appeal No 116 of 2019 & IA No. 505 of 2019 For more information please see below link: Miscellaneous Application 53 of 2020 filed by […]
Adani Power clocks profit before tax of Rs 2,894 crore for Q2 FY21
The consolidated Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for Q2 is Rs 5,086 crore as compared to Rs 2,248 crore in the corresponding period in the previous year, showing a growth of 126 per cent Ahmedabad: AdPower Limited (APL), a part of the Adani Group, clocked profit before tax (PBT) of Rs 2,894 […]
Adani Power to acquire 49 per cent stake in Odisha Power for Rs 1,019 crore
Adani Power will acquire a total of 89,30,237 equity shares held in OPGC representing 49 per cent of the total issued, paid-up and subscribed equity share capital of OPGC for USD 135 million New Delhi: Adani Power will acquire US-based The AES Corporation’s 49 per cent equity stake in Odisha Power Generation Corporation for USD […]
Adani Power board approves delisting from BSE, NSE
In a regulatory filing, the company said it will seek shareholders nod for delisting on BSE and NSE through a postal ballot. Adani Power board on Monday approved the proposal to delist the company’s equity shares from stock exchanges. The company has worked out the floor price of an equity share of Rs 33.82 to […]
1,600-MW Jharkhand project delayed due to lockdown: Adani Power
The project was approved by highest decision-making body on SEZ — Board of Approval — chaired by the commerce secretary, in its meeting on February 25, 2019 New Delhi: Adani Power on Monday said its 1,600-megawatt (MW) thermal power project in Jharkhand has been delayed due to the coronavirus-induced lockdown. The project would supply 1,496 […]
Adani Power, Adani Green seek shareholder nod for raising Rs 2,500 crore each
Both the companies informed shareholders that their respective annual general meetings will be held on June 25 through video conferencing, in view of the Covid-19 pandemic Mumbai: Billionaire Gautam Adani-led companies Adani Power and Adani Green Energy have sought shareholders approvals to raise up to Rs 2,500 crore each through issue of equity shares or […]
Adani Power gets nod to set up 1,320 MW plant in Madhya Pradesh
Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis New Delhi: Adani Power on Wednesday said Madhya Pradesh Electricity Regulatory Commission has approved setting up of a 1,320 MW thermal power plant in Madhya Pradesh. The commission has […]