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:
Adani Power to buy DB Power for $879 million – EQ Mag Pro
DB Power owns and operates a thermal power plant in the central Indian state of Chhattisgarh and the deal will help Adani expand its operations in the state Adani Power Ltd said on Friday it will buy thermal power plant operator DB Power for an enterprise value of 70.17 billion rupees ($879.14 million) as India’s […]
Reliance Industries, Adani Power, NTPC in the fray to acquire bankrupt SKS Power – EQ Mag Pro
SKS Power Generation is undergoing a corporate insolvency and resolution process since April 2022 Nearly two-dozen bidders, including Reliance Industries Ltd, Adani Power, and NTPC Limited are interested in buying Chhattisgarh-based SKS Power Generation, the Economic Times reported on August 1, citing people familiar with the matter. Companies such as Torrent Power, Jindal Power, Vedanta, […]
Petition for approval of deviations from the Ministry of Power guidelines for Long Term Procurement of Electricity from Thermal Power Stations – EQ Mag Pro
Petition for approval of deviations from the Ministry of Power guidelines for Long Term Procurement of Electricity from Thermal Power Stations. For more information please see below link:
Adani Power scrip hits circuit as Rajasthan discoms pay ₹3,000 crore – EQ Mag Pro
NEW DELHI: Adani Power shares on Tuesday shot as much as a 52-week excessive, hitting the ten% higher circuit on reviews the corporate has acquired Rs 3,000 crore in previous dues from three Rajasthan discoms (distribution firms). The scrip was additionally propelled by the information of 32 lakh shares, or 0.2% of the fairness, exchanged […]