Page 24 - Adani Power

Adani Power, Just Dial, Varun Beverages hit 52-week highs

Adani Power has zoomed 42 per cent against 2.4 per cent decline in the benchmark index in the past month

GMR sells Chhatisgarh plant to Adani Power in order to pare debt

Deal is part of a debt resolution plan approved by GMR's lenders; The power plant subsidiary ran into financial trouble owing to absence of a long-term PPA

Supreme Court green light to end Adani-Gujarat power purchase agreement

Adani's contention was that GMDC, again a state government entity, did not develop the Naini coal block

Adani Power soars 17% on board nod to Korba West Power, GCEL acquisition

The stock hit a 52-week high of Rs 60.5, surpassing its previous high of Rs 58 recorded on December 3, 2018, on the BSE in the intra-day trade.

Adani Power withdraws offer to acquire KSK Mahanadi project in Chhattisgarh

KSK Mahanadi defaulted on bank loans worth Rs 21,760 crore as of March 2018

CERC okays new tariff plan for Adani Power's Mundra plant in Gujarat

Tata Power, which was seeking similar relief for its 4,000 Mw Ultra Mega Power Plant (UMPP) at the same location, is not under the purview of this judgment

Electricity commission approves higher tariff for Adani's Mundra plant

Adani Power had sought to pass through higher cost of imported coal to run this plant.

Govt okays Adani Power's Rs 14,000-crore SEZ project in Jharkhand

Adani Power has already signed a power purchase agreement for the supply of 100% power generated from this plant to Bangladesh

Adani Power Q3 net loss narrows to Rs 1,180.78 cr on healthy income growth

We are witnessing rapid progress in the resolution of regulatory issues that have affected cash flows of our projects in the past, Gautam Adani said

MERC appoints two-member committee to look into Adani power bills

Adani Electricity Mumbai Limited is a subsidiary of Adani Transmission, formed after acquisition of Reliance Infrastructure's generation, transmission and distribution utilities in Mumbai

Adani Power hits over three-year high; stock zooms 135% in two months

The stock hit a high of Rs 56, its highest level since March 9, 2015, rallying 58% in past one month.

Adani Electricity caught amid political crossfire, social media uproar

The company in the last one month saw a number of complaints made on social media platforms, which was later escalated by Sanjay Nirupam, President for Mumbai Congress Committee

Adani Power hits 52-week high post Q2 results; stock soars 45% in one week

The stock hit a 52-week high of Rs 47.85, more than doubled from Rs 23.85 as on September 28, 2018, against 5% decline in the Sensex.

In relief to Gujarat, Adani Power restores 2,000-MW supply to state discom

The electricity demand had shot up to more than 16,000 MW before the state received good rainfall in July, raising concerns about meeting the rising gap

Adani Power Mundra likely to approach NCLT for bankruptcy protection

This comes after its lenders stepped back from stake-sale negotiations with Gujarat Urja Vikas Nigam (GUVNL), the state power distribution company

Bad news for Adani Power as Jharkhand rejects Rs 120-bn bid to set up SEZ

The decision was taken by the Board of Approval, the highest decision making body on special economic zone related matters

Adani Power gets over 174.84 acres of land from Jharkhand govt

Jharkhand government handed over documents of 174.84-acre land in Godda district to Adani Power Limited for setting up 1600 MV power plant

Adani Power hits back at Congress, says its power rates 'cheapest'

The Congress had stated that the state government has wasted public money to the tune of Rs 26,000 crore by purchasing power from four private companies

Adani Power Q1 net loss near doubles to Rs 454 cr

Higher fuel costs on account of a rise in coal prices led to Adani Power (APL), part of the $12-billion Adani Group, showing a consolidated net loss of Rs 453.8 crore for the quarter ended June, in a report to the BSE on Thursday. The consolidated net loss a year before was Rs 232.6 crore.Consolidated income grew by 4.2 per cent to Rs 5,648 crore over a year before This was due to operationalising the 440 Mw power purchase agreement (PPA) at its Tiroda (Maharashtra) plant, as well as higher rates due to application of Change in Law clauses in some PPAs, the company stated. On a standalone basis, the net loss was Rs 515.8 crore; in the same quarter a year before, it was Rs 206.7 crore.Standalone total income was Rs 2,819 crore, from Rs 2,810 crore a year before.The company said the average plant load factor in the quarter was 63 per cent, lower as compared to 66 per cent a year before. The drop was due to customer backdowns and maintenance shutdowns.Gautam Adani, chairman, stated the .

Adani Power exploring options to sustain Mundra power plant

The Adani Power Limited's (APL) Boardmeeting on June 6 would contemplate on measures to help sustain the 4,620 MW importedcoal based power plant in Mundra, Gujarat. While the Board would consider a slump saleto a subsidiary, as per its notice on BSE, stakeholders are learnt to belooking at other options of realigning the power purchase agreement (PPA).The Supreme Court in April, 2017 disallowedany grounds of relief to Tata Power and Adani Power Mundra in the five year oldcontentious issue of compensation due to unforeseen increase in imported coal pricesfor their respective power plants. Adani Power was expecting a compensatoryrelief of Rs 3000 crore. Adani Power also could face huge earning write off asits revenues already include the likely inflows of compensatory tariff,estimated at about Rs 9,000 crore."As part of a restructuring exercise, APLwants to separate its investment activity from the generating asset. It has therefore proposed to transfer theMundra plant to a separate ...