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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.

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