Page 11 - Adani Power

Adani sells shares in Adani Power to GQG Partners, others for $1 bn

Adani Power's shares closed 2.2 per cent lower to settle at Rs. 279.30 apiece on the BSE

Adani Power has shares worth $1 bn change hands in attempt to recover

The company's stock fell as much as 4.1% after the bunched trades to Rs 274.4 ($3.30) and based on the average price, the deals are worth $1 billion, according to Bloomberg calculations

Adani Power Q1FY24 results: Net profit up 83.3% YoY, revenue rises 16%

During the quarter, Adani Power achieved an average consolidated plant load factor of 60.1 per cent and sales of 17.5 billion units on an installed capacity of 15,250 MW

Adani grp shares in focus; Adani Green, Transmission, Power rally up to 10%

Adani Green Energy (up 10% at Rs 1,089.15), Adani Total Gas (up 5% at Rs 662.45), and NDTV (up 5% at Rs 238.75) were locked in their respective upper circuit limits

Adani Airports wants to fly higher; seeks higher stake in Mumbai airport

Adani Airports Holdings has a 74% stake in the airport, with the remaining 26 per cent owned by the Airports Authority of India

Adani Power commences export to Bangladesh from Jharkhand's Godda plant

Adani Power has started exporting power to Bangladesh from its 1,600MW plant in Jharkhand's Godda. Adani Power Jharkhand Limited (APJL), a wholly owned subsidiary of Adani Power Limited, has achieved commercial operations date (COD) of its second unit of 2x800 MW Godda ultra-supercritical thermal power plant, Adani Power said in a statement on Tuesday. The reliability run test, including commercial operation tests of the second unit of Godda power plant, was completed on June 25 in the presence of Bangladesh Power Development Board (BPDB) and Power Grid Corporation of Bangladesh (PGCB) officials. On April 6, the first unit of the power plant, with 800MW capacity, had achieved its COD. Power supply from the Godda plant to Bangladesh will further enhance energy security in the neighbouring country, it said. "APJL shall supply 1,496 MW net capacity power from 2x800 MW Godda USCTPP under the PPA with BPDB executed in November 2017 for a period of 25 years via 400 kV dedicated transmis

Top headlines: Adani cos under Sebi lens, TCS on foreign remittances

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Adani Power starts supplying power to Bangladesh from its Jharkhand plant

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 its 2x800 MW ultra-supercritical power project of its wholly-owned subsidiary Adani Power (Jharkhand) Ltd (APJL) has achieved commercial operations at 24:00 hrs Bangladesh standard time on June 25 following successful completion of reliability run tests. "Accordingly, APJL will export (w.e.f. 00.00 hrs Bangladesh time, of June 26, 2023), entire power generated from the 2x800 MW Godda plant on commercial basis, as per Power Purchase Agreement, directly to Bangladesh through the dedicated 400 kV transmission lines, with net capacity of 1,496 MW," it said. The plant is located in Godda district in Jharkhand. APJL has a 25-year contract with Bangladesh Power Development Board (BPDB).

Adani Group shares tumble up to 6% amid reports of US regulatory scrutiny

The US Attorney's Office in Brooklyn, New York, has sent inquiries in recent months to institutional investors with large holdings in the India conglomerate, report.

Power plants using imported coal to operate at full capacity till September

Many power plants in India, including those owned by Adani Power and Tata Power use imported coal, but were not operating at full capacity, adding to challenges for the country in meeting power demand

Adani Green Energy to seek board approval to raise up to $1 billion

On May 13, two Adani Group companies, Adani Enterprises and Adani Transmission, received the approval of the board to raise Rs 12,500 crore and Rs 8,500 crore, respectively

5 Adani Group stks freeze at 5% upper limit; AWL, Adani Ent surge up to 8%

Shares of Adani Group companies were in demand for the second straight trading day after the SC-appointed panel said that it not possible to conclude that there was a regulatory failure at this stage.

Adani Group shares trade weak in a firm market; decline up to 5%

In past two days, stock price of Adani Transmission and Adani Total Gas dipped 7 per cent and 9 per cent, respectively, after Global index provider MSCI dropped these stocks from its India index.

Paytm, ABFRL, Coal India, BoI, Adani Power among top stocks to watch today

Stocks to Watch on May 8:Paytm's loss narrowed to Rs 168 crore from Rs 763 crore in the year-ago period.

Adani Power Q4 profit grows 13% Rs 5,242 cr on lower finance cost

Adani Power Ltd (APL) has posted around 13 per cent jump in consolidated net profit at Rs 5,242 crore for March quarter 2022-23. The company had clocked Rs 4,645 crore net profit in January-March 2021-22, it said in a statement Friday. "Consolidated PAT (profit after tax) for Q4 FY23 grows...on account of lower finance cost as well as certain reversals consequent to the scheme of amalgamation(of six subsidiaries)," APL said. Total income however fell to Rs 10,795 crore from Rs 13,307 crore in the year-ago quarter. Total expenses were higher at Rs 9,897 crore as against Rs 7,174 crore a year ago. "PAT for FY23 higher by 118.4 per cent at Rs 10,727 crore vs Rs. 4,912 crore for FY22 due to higher EBITDA, lower finance cost on account of debt prepayment, as well as certain reversals consequent to the Scheme of Amalgamation becoming effective," the company said. The company's earnings before interest, taxes, depreciation and amortization (EBITDA) for FY23 was higher at Rs 14,312 crore

Adani Power Q4 results: Net profit rises 12.9% to Rs 5,242 crore

Consolidated total revenue higher by 35.8 per cent at Rs 43,041 crore in FY23 against Rs 31,686 crore in FY22

Hero Moto, SpiceJet, AEL, TVS Motor among top 10 stocks to watch on Friday

Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.

Adani Group shares weak; Adani Wilmar sheds 5% as Q4FY23 PAT sinks 56% YoY

Shares of Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Ambuja Cements and Adani Ports and Special Economic Zone were trading 3-7 per cent lower intra-day

Adani stocks in focus amid Q4 results; Adani Green soars 5%, NDTV tanks 5%

Adani Total Gas and Ambuja Cements are scheduled to announce their Q4FY23 results today. Adani Wilmar will announce its Q4FY23 numbers on May 3; Adani Enterprises on May 4; and Adani Power on May 5

3 Adani Group stocks hit 5% upper circuit; Adani Enterprises jumps 4%

Adani Ports said the purpose of the $130 million tender offer purchase is to partly prepay the company's near-term debt maturities and to convey the comfortable liquidity position of the company.