Page 16 - Adani Power

Adani Power to acquire DB Power for Rs 7,017 crore enterprise value

Adani Power on Friday said it will acquire DB Power Ltd, which owns and operates a 2 x 600 MW thermal power plant at district Janjgir Champa in Chhattisgarh, at an enterprise value of Rs 7,017 crore for cash consideration. DB Power has long- and medium-term power purchase agreements for 923.5 MW of its capacity, backed by fuel supply agreements with Coal India Ltd, and has been operating its facilities profitably, it added. "Adani Power Ltd has agreed to acquire DB Power Limited ("DB Power"), which owns and operates a running 2x600 MW thermal power plant at District Janjgir Champa in Chhattisgarh," the company said in a BSE filing. The cost of acquisition will at enterprise value of Rs 7,017 crore, subject to adjustments on the closing date, for cash consideration. Adani Power will acquire 100 per cent of the total issued, subscribed and paid up equity share capital and preference share capital of Diliigent Power Private Limited (DPPL). DPPL is the holding company of DB Power, and

Adani Power surpasses NTPC in m-cap ranking; zooms 318% thus far in 2022

In the past one month, the stock price of Adani Power has appreciated by 41 per cent, as compared to 6 per cent gain in the market price of NTPC. The S&P BSE Sensex, meanwhile, rallied 10 per cent

Adani Ent m-cap hits Rs 3.5 trillion, Adani Power m-cap set to surpass NTPC

AEL, Adani Power, Adani Green Energy, Adani Transmission, Adani Total Gas, Adani Wilmar and Adani Ports and SEZ surged up to 4 per cent, as against 0.18 per cent decline in the S&P BSE Sensex.

Adani Power hits record high as Q1 net zooms 17-fold; up 221% in 6 months

A nation-wide heatwave and broadening of the recovery in economic activity continued to drive electricity demand growth in the first quarter of FY23, the company said.

Adani Power logs 16x rise in Q1 net, revenue rises 109% to Rs 13,723 crore

The company's consolidated revenue from operations rose 109 per cent to Rs 13,723 crore compared to Rs 6,569 crore last year

Top headlines: IndiGo Q1 net loss narrows; rupee plummets 68 paise

Adani Power on Wednesday reported 16-fold jump in consolidated net profit at Rs 4,780 crore for the quarter ending June 30, 2022.

Adani Power Q1 net profit surges 16-fold to Rs 4,780 cr; stock rises 3.5%

The company's consolidated revenue from operations rose 109% to Rs 13,723 cr

Stocks to Watch: ONGC, Reliance, Zomato, Adani Wilmar, IndiGo,Vodafone Idea

Stocks to Watch today: Uber has decided to put its entire 7.8 per cent stake in Zomato on the block, according to sources.

Blackrock, Mubadala to invest in Tata's renewable arm via rights issue

Unlisted firm Tata Power Renewables Energy plans to raise Rs 6,000 cr; Both Blackrock and Mubadala had invested $525 million this April for 10.5% stake

Sensex ends 617 pts up, Nifty near 16K; Bajaj twins gain 5%, HUL 4%

Despite a 0.8 per cent fall in heavyweight Reliance, Bajaj twins, HUL, Asian Paints, Maruti, Titan, Kotak Bank and Nestle led the upmove on the Sensex, moving up to 4.8 per cent higher.

Stocks to Watch Today: Adani Power, Biocon, Tata Steel, NTPC, PSU Banks

Stocks to Watch Today: Among airline shares, SpiceJet has reported seven aircraft related incidents in the last two months; while IndiGo said has hired over 1,500 cabin crew staff to counter likely at

Adani Power to seek shareholder approval for Rs 5,000-crore project

The proposed transaction will involve the sale by Adani Power of its special purpose vehicles or subsidiaries to AdaniConneX

Adani Power to seek shareholders' nod for related-party deal of Rs 5,000 cr

Adani Power said it will seek shareholders' approval for the proposed related-party transaction worth up to Rs 5,000 crore with AdaniConnex Pvt Ltd (ACPL) during its annual general meeting on July 27

India made recommendation for Adani Green: Sri Lankan power board

Under the MoU signed with CEB, Adani Green is conducting a feasibility study for wind power projects, according to the report

Haryana cabinet gives nod to supplementary PPA agreement with Adani Power

The Haryana Cabinet here on Monday gave approval regarding signing of a supplementary power purchase agreement with Adani Power after it stopped supply of power due to rising prices of imported coal.

SC asks Haryana discom to pay Rs 1,408 cr to Adani Power, clear dues

Adani was entitled to a sum equivalent to 50 per cent of the outstanding it claims, the court said on February 1

Adani group shares take a beating after MSCI index adjusts weight

MSCI published additions and deletions to its global indexes last month but the announcement didn't detail changes to the weightings of individual stocks in its indexes

MSCI Inclusion Impact: Adani Power hits record high, up 35% in seven days

In the past three months, the stock has zoomed 161 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.

Amfi category: Adani Power, BoB, Cholamandalam may enter large cap space

HDFC AMC, Godrej Properties to migrate lower; move part of Amfi's half-yearly stock reclassification

AU Small Finance Bank, Tata Elxsi and Adani Power soar on MSCI foray

From the Asia Pacific region, MSCI has added 48 stocks and deleted 76, with the most changes in China