Page 12 - Adani Power

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.

Adani Power inks an agreement with MPSEZ Utilities for power supply

The power supply agreement is for 15 years, the company said

Adani-Total's Dhamra LNG terminal to start commercial operations at May-end

Adani Group and French company TotalEnergies' newly built Rs 6,000 crore facility to import LNG at Dhamra on the Odisha coast will start commercial operations at the end of May, the French firm said on Monday. The 5 million tonne a year capacity terminal received its first ever shipment of liquefied natural gas - a fuel that will be used to make steel, produce fertilizers and turned into CNG and cooking gas - on April 1. Qatari ship 'Milaha Ras Laffan' docked at Dhamra port on April 1 morning, bringing in 2.6 trillion British thermal units of natural gas in its frozen form (LNG) which will be used to commission the facility. "This delivery enables the gradual commissioning of the terminal, which is expected to start commercial operations at the end of May 2023," TotalEnergies said in a press statement. Karan Adani, CEO of Adani Ports and Special Economic Zone (APSEZ) - the firm that operates the Dhamra port and has leased the LNG jetty to Adani Total Private Ltd - had previously ..

Adani Power commences supply to Bangladesh from Godda plant in Jharkhand

Supply was to start in March. However, Bangladesh Power Development Board had sought relief from rising imported coal prices. Unit will source coal from Adani-owned Carmichael mine in Australia

Adani Power begins electricity supply from Godda plant to Bangladesh

Adani Power on Sunday said that it has begun supplying electricity from its plant in Godda in Jharkhand to Bangladesh. Adani Power Ltd (APL), a part of the diversified Adani Group, has commissioned the first 800 MW ultra-super-critical thermal power generation unit at Godda in Jharkhand. The plant has started with supplying 748 MW of power to Bangladesh, a company statement said. The electricity supplied from Godda will significantly improve the situation in the neighbouring country as it will replace expensive power generated from liquid fuel, bringing down the average cost of power purchased, it stated. The Godda Power Plant is a strategic asset in the India-Bangladesh's long-standing relationship, said S B Khyalia, CEO of Adani Power, in the statement. It is the first power plant in the country, which has started its operations from Day One with 100 per cent Flue Gas Desulphurization (FGD), SCR and Zero Water Discharge, it stated. In November 2017, Bangladesh Power Development

Adani Power's thermal plant in Jharkhand begins commercial operation

Adani Power Ltd (APL) on Friday said a 800 MW unit at its thermal plant in Jharkhand has begun commercial operations. The second unit of the 1600 MW project is also in an advanced stage of completion and expected to be commissioned soon, the Adani Group company said in a filing. "This is to inform unit 1 of 800 MW capacity of the 2x800 MW ultra-supercritical power project of Adani Power (Jharkhand) Limited (APJL), situated in Godda has achieved commercial operations," it said. APJL, a wholly-owned subsidiary of Adani Power, will supply the power under a 25-year Power Purchase Agreement (PPA) for corresponding net capacity of 748 MW from unit 1 to the Bangladesh Power Development Board. "APJL has started processing its claims under the PPA with effect from April 6, 2023," it said.

Tata Power, Adani raise electricity tariff for customers in Mumbai

The commission cited an increase in fuel cost, power purchase cost and shortfall in revenue due to the impact of Covid-19, and an increase in transmission system costs

Pawar favours SC-appointed panel over JPC for probe into Adani issue

NCP chief Sharad Pawar put his weight behind the Supreme Court constituted 6-member committee, appointed by the Chief Justice of India to probe the alleged stock manipulation issue by the Adani Group

Six Adani Group stocks locked in 5% lower circuit; ACC hits 52-week low

The slide in the stocks resumed after a report by The Ken claimed that the Adani group has not completely repaid its loans taken against the promoters' shares

Gujarat govt paid Rs 16,900 cr in 2 years to Adani, Tata to buy electricity

The Gujarat government has paid Rs 16,900 crore to Adani Power and Tata Power for purchasing electricity during the last two years, the state Assembly was informed on Monday. As per the data tabled by Energy Minister Kanubhai Desai during Question Hour, the state government paid Rs 8,160 crore to Adani Power Mundra Ltd while Rs 8,784 was paid to Coastal Gujarat Power Ltd, a wholly owned subsidiary of Tata Power, in 2021 and 2022. While responding to a set of questions raised by Congress MLAs about the purchase of electricity from these private players, Desai said the state government paid Rs 2,760 crore to Adani Power in 2021 to buy 5,589 million units while Rs 5,400 crore was paid to the firm in 2022 for nearly 6,000 million units. In 2021, the state government paid Rs 2,751 crore to Tata Power to buy 7,315 million units, while the cost came to Rs 6,033 crore for 10,446 million units in 2022. The data suggested per unit cost of Rs 2.83 paid to Adani in January 2021 went up to Rs 8

All 10 Adani group firms end lower; Adani Power, Adani Transmission down 5%

All the ten listed firms of the Adani group ended the day in the negative territory on Monday, with Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas falling nearly 5 per cent each. Shares of Adani Power tanked 4.98 per cent, Adani Transmission tumbled 4.98 per cent, Adani Wilmar dived 4.93 per cent and Adani Total Gas slumped 4.91 per cent on the BSE. The stock of NDTV went lower by 4.60 per cent, Adani Green Energy fell by 4.40 per cent, Adani Ports dropped 1.43 per cent, ACC dipped 1.01 per cent, Adani Enterprises declined 0.99 per cent and Ambuja Cements (0.59 per cent). Many of the group firms hit their lower circuit limits during the day. In the equity market, the 30-share BSE Sensex climbed 126.76 points or 0.22 per cent to finish at 57,653.86 after a volatile trade. Out of the ten listed firms of the Adani group, seven companies ended the day in the negative territory on Friday. Stocks of eight Adani group companies out of the 10 listed entities closed in t

NSE, BSE to put Adani Power under short term ASM again starting today

Leading bourses NSE and BSE on Wednesday said they will include Adani Power under the short-term additional surveillance measure (ASM) framework from Thursday. Adani Power is shortlisted in short-term ASM framework Stage-I effective March 23, according to separate circulars available on the exchanges. The move also comes close on the heels of the two exchanges moving Adani group stocks -- Adani Green Energy and NDTV -- from the second stage of the long-term ASM framework to Stage I on Monday. Interestingly, both the exchanges had put Adani Power along with Adani Enterprises and Adani Wilmar under short-term ASM on March 8. However, these three stocks were excluded from the short-term ASM framework on March 17. Currently, there is no Adani group stock in the short-term ASM framework. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio. The NSE and BS

Adani Power sells Support Properties stake to AdaniConnex for Rs 1,556 cr

Adani Power on Thursday said it has sold a 100 per cent stake in Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX) at an enterprise value of Rs 1,556.5 crore. "Parties to the proposed transaction (for which a binding memorandum of understanding had been signed earlier) have executed a Share Purchase Agreement and concluded the transaction," a BSE filing stated. Earlier in November last year, Adani Power had entered into a memorandum of understanding (MoU) to sell its 100 per cent equity stake in its wholly-owned subsidiary Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX). The enterprise valuation (of a 100 per cent stake in SPPL) was estimated at Rs 1,556.5 crore, subject to adjustments on the closing date. The ACX is a 50:50 joint venture between Adani Enterprises Limited, which is a promoter group company, and EdgeConneX. It is engaged in the business of developing world-class data centres and providing co-location hosting and ancillary

3 Adani group stocks out of ASM, Should you be bullish?

Adani Enterprise, Adani Power and Adani Wilmar may rise up 35 per cent upon conquering key hurdles