Page 18 - Adani Power

Adani Power up 12%, hits 52-week high on heavy volume; zooms 37% in 6 days

Last week, the company approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself

Adani Power board okays merger of six wholly-owned subsidiaries

Adani Power on Tuesday said its board has approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself.

Adani Power, Japan's IHI & Kowa join hands for sustainable power generation

This will aim to promote energy cooperation between Japan and India through diverse and realistic energy transitions utilising all energy sources and technologies

Stocks to Watch: SAIL, Adani Power, Tata Steel, Voltas, Oil India, BEML

Shares of Oil India will be in focus as the company has approved investment of Rs 6,555 crore in its subsidiary Numaligarh Refinery.

Adani Power completes acquisition of Essar's 1,200 MW Mahan project in MP

Adani Power on Wednesday said it has completed the acquisition of Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh. The cost of acquisition of Essar Power M P Ltd, which is undergoing insolvency resolution, is over Rs 4,250 crore, including estimated cost of compliance with environmental and emission norms, it said in a regulatory filing. "Adani Power Limited has completed today the acquisition of 100 per cent of paid up share capital and management control of EPMPL (Essar Power M P Ltd), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code," it said. EPMPL owns a 1,200 MW thermal power plant in Singrauli District, Madhya Pradesh. In June 2021, Adani Power had emerged as the successful bidder for the 1,200 MW project.

Stocks to Watch: Aurobindo, Sun Pharma, Future Retail, Vedanta, Voda Idea

Shares of Adani Power are likely to be in focus as the company received a favourable verdict from the Supreme Court against power discoms in Rajasthan.

Power outage halts trains in Mumbai; MSETCL-Tata Power blame each other

Taking serious note of the power disruption in Mumbai, a rare occurrence, the Maharashtra government has ordered a high-level probe

Rajasthan discoms must pay Rs 3k-cr compensatory tariff to Adani Power: SC

Adani is fighting multiple court battles against states including Rajasthan, and Haryana, seeking compensatory tariffs that reflect the cost of the pricier imported coal it uses to fire its plants

Bulls favour Adani Group despite mkt weakness; stocks can rally up to 17%

Adani group stocks have been in limelight post the stupendous listing of Adani Wilmar four days ago.

Sensex slips 143 pts; Nifty holds 17,500; Realty, PSBs dip, metals shine

Among the Sensex pack, SBI was the biggest loser as it dropped over 2 per cent. M&M, NTPC, Kotak Bank, Bajaj Finserv, HDFC, Power Grid, and RIL were the other losers, all down between 1-1.8 per cent

Adani Power Maharashtra asks MSEDCL to pay Rs 10,135 cr in 4 weeks

Adani Power Maharashtra Ltd has shot off a letter to Maharashtra State Electricity Distribution Co. Ltd for payment of Rs 10,135 crore

Adani Power posts Rs 218 crore consolidated net profit for Dec quarter

Adani Power on Thursday posted Rs 218.49 crore consolidated net profit for December quarter 2021-22. The company incurred a loss of Rs 288.74 crore in the year-ago period, a BSE filing stated. Total income stood at Rs 5,593.58 crore in the quarter. It was Rs 7,099.20 crore in the same period a year ago. Total expense was at Rs 5,389.24 crore in the quarter under review. In the year-ago period, it was Rs 7,304.95 crore. The company said capacity utilization was impacted in the quarter due to shortage of domestic coal and high prices of imported coal. The Tiroda plant was the only plant to report an increase in capacity utilization, whereas the Udupi plant was shut down for the entire quarter due to "backdown" by Karnataka power distribution companies on account of high import coal prices. As a result of the above, during the quarter, Adani Power achieved a consolidated average Plant Load Factor (PLF) of 40.9 per cent and sales volume of 10.5 billion units as compared to a PLF of 7

Adani Power gets NCLT nod to acquire Essar's 1,200 MW Mahan project in MP

Adani Power said that it has got NCLT's approval to acquire Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh.

Adani Power reports Rs 230 crore loss for September quarter

Its consolidated net profit had stood at Rs 2,228.05 crore in the quarter ended September 30, 2020

Stocks to watch: M&M, Glenmark Life Sciences, Cipla, Adani Power, Tata Chem

Stocks from the banking, real estate and auto sectors will be in focus amid the RBI policy outcome later today

Adani Power post PAT of Rs 278 cr in Q1FY22 versus Rs 682 loss a year ago

Receives LoI for acquiring Essar Power MP from Resolution Professional

Adani Power takes one of three mines on Day-1 of commercial coal auction

Firm quoted 9.5% premium on reserve price of Gondkhari coal mine in Maharashtra

Shares of four Adani Group companies locked in 5% upper circuit

Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE

Adani Power to acquire 1,200 MW Essar Power's Mahan project

The country's largest power producer in the private sector, Adani Power Limited (APL), will acquire the 1,200 megawatt (MW) Essar Power's Mahan Project

Adani stock rout extends; Rs 1.59 trn market-cap wipe out this week

Adani Power, Adani Total Gas and Adani Transmission hit their 5% lower trading limit for a fourth straight day