Page 10 - Adani Power

Adani Energy Solutions Q2 results: Net profit rises 33%, revenue up 15.3%

The rise in consolidated revenue, the company said, was on account of newly commissioned transmission lines and other related commissioning

Adani Power soars 25% in 7 days; nears 52-week high on strong Q2 results

In Q2FY24, Adani Power's consolidated continuing EBITDA were higher by 202% YoY at Rs 4,336 crore; due to greater sales volumes, lower fuel cost, and higher merchant tariffs.

Adani Power Q2 results: Profit after tax rises multi-fold to Rs 6,594 crore

Sequentially, Adani Power PAT for Q2FY24 was down 24.7 per cent

Adani Power Q2FY24 result: Net profit jumps 848% YoY to Rs 6,594 crore

The revenue from operations for Q2FY24 came in at Rs 12,990.58 crore, compared to Rs 7,043.7 crore year-on-year, registering a jump of 84.42%

Adani Power Q2 result: Profit soars 10-fold to Rs 6,594 cr on demand surge

The company's consolidated net profit climbed to 65.94 billion rupees ($792.3 million) in the quarter, helped in part by a tax gain of 13.71 billion rupees

Market tempest: 60 of top 100 stocks brave stormier seas than Nifty50

Less than 10 stocks stay afloat, over 40 sink by 5%

Adani Group shares rally up to 10%; Adani Power zooms 200% from 52-week low

Adani Ports, NDTV, Adani Enterprises, Adani Energy Solutions, Adani Total Gas, Adani Wilmar, Ambuja Cements and ACC were up in the range of 2 per cent to 10 per cent on the BSE.

What is OCCRP that has levelled allegations against Adani and Vedanta?

A report published by OCCRP has accused Adani Group of routing investments in its publicly traded stocks through "opaque" Mauritius funds. But what is OCCRP, and why is it accusing the Adani Group

Adani Group accused of secret share trading: Here's what we know

The latest report by the Organised Crime and Corruption Reporting Project (OCCRP) against Adani Group alleges Gautam Adani's family invested millions of dollars in its own companies >

BHEL stock powers up on improved prospects for growth, new orders

Many analysts though are bearish due to state-owned firm's muted financials and likely low valuation

Adani Group, Hindenburg, Supreme Court and OCCRP: All you need to know

Just months after the Hindenburg report led to a sharp sell-off of Adani Group shares in the Indian share market, another report has come up with similar allegations. Here is all you need to know

Adani stocks retreat on OCCRP report; Adani Energy, Adani Power slide 4-5%

Adani Group today categorically rejected allegations of hidden foreign investors in a report by the George Soros-owned Organised Crime and Corruption Reporting Project.

Adani Group rubbishes allegations of 'opaque' funding by family's partners

The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained gun at billionaire Gautam Adani's group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to USD 150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani Group has denied all Hindenburg allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures. The

Gujarat govt paid Rs 3,900 cr of excess payment to Adani Power: Gohil

Gujarat Congress chief Shaktisinh Gohil on Saturday accused the Bharatiya Janata Party (BJP) government in the state of making an excess payment of Rs 3,900 crore to Adani Power Mundra Limited (APMuL) over five years under two power purchase agreements (PPA), an allegation the government denied. Gujarat government spokesperson and cabinet minister Rushikesh Patel said the allegations were "misleading", stating that the payment was only interim and not final. The state-run Gujarat Urja Vikas Nigam Limited (GUVNL) paid Adani Power Rs 13,802 crore between October 2018 and March 2023 even when the latter did not submit any invoice or supporting documents of coal procurement (for its power plants), Gohil claimed at a press conference here. He produced a letter purportedly written by GUVNL dated May 15, 2023, to Adani Power Mundra seeking recovery of Rs 3,802 crore, excess payment made by the GUVNL towards energy charges under the two Power Purchase Agreements (PPA) signed with the latter

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

BHEL, Adani Power: Mid-cap index hits new all-time high, eyes 40,000-mark

The Mid-cap index is displaying robust momentum, with price action headed towards 40,000-level.

BHEL surges 10% on securing Rs 4,000-crore order from Adani Power's arm

Analyst believes pickup in thermal power orders and companies focus on diversification in segments such as railways, defence, nuclear, hydro augurs well for company in long term.

Stocks to Watch: Adani Power, Glenmark Pharma, Union Bnk, SJS, Paytm, RITES

Stocks to watch on August 22, 2023: As per reports, about 30 per cent equity worth Rs 541.5 crore will change hands via a block deal in SJS Enterprises today

Here's why Adani Power, Adani Energy shares rallied up to 16% in 3 days

In the past three trading days, Adani Energy Solutions and Adani Power have rallied more than 12 per cent after promoter and foreign portfolio investors (FPI) bought stake via open market