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 […]
Discoms’ outstanding dues to power gencos rise nearly 32% to Rs 88,311 cr in January
Distribution companies (discoms) owed a total of Rs 67,012 crore to power generation companies in January 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). Power producers’ total outstanding dues owed by distribution firms rose nearly 32 per cent to Rs 88,311 crore in January […]
Adani Power, Essar Power place lowest coal-based tariffs in years
Sources said Adani Power has quoted Rs 3.26 per unit for supply of 700-mw from two its plants in Raigarh and Raipur, while Jindal Power Ltd bid for 420-mw of supply from two plants. Essar Power has quoted for 260-mw, while Jindal India Thermal Power for 270-mw. New Delhi: A dozen power plants of companies […]