Page 5 - Adani Power

Adani Group shares surge up to 7%; extend recovery post Maha poll verdict

Last week, shares of Adani Group tanked up to 28% after Gautam Adani, along with other executives, were charged by US prosecutors with bribery, fraud charges.

Adani Group shares plunge up to 20% post US SEC bribery, fraud charges

Gautam Adani, along with other executives, has been charged by US prosecutors for allegedly bribing ($250 million) Indian officials.

NTPC Green Energy IPO opens today: How to trade NTPC, other power stocks

NTPC Green Energy IPO: Trading strategies for NTPC, Power Grid and other listed power stocks on the BSE, NSE.

Adani Power further cuts Bangladesh power supply over payment dispute

Late on Thursday, supply was further reduced to about 520 MW, according to Power Grid Bangladesh data and an official with the Bangladesh Power Development Board (BPDB)

Bangladesh fast tracks payment to Adani Power ahead of November 7 deadline

The Gautam Adani-owned company reduced the power supply to Bangladesh to 700-800 MW this month, nearly half than earlier, after failing to secure its dues of $846 million

Adani Power cuts power supply to Bangladesh by 50% over outstanding bills

India's Adani Power Jharkhand Limited (APJL), a wholly-owned subsidiary of Adani Power, has stopped half of its power supply to Bangladesh because of outstanding bills of USD 846 million, according to a local media report on Friday. Data from Power Grid Bangladesh PLC showed the Adani plant reduced supply on Thursday night, The Daily Star newspaper said. Bangladesh reported a shortfall of more than 1,600 megawatts (MW) on the intervening night of Thursday and Friday as the 1,496 MW plant is now producing 700 MW from a single unit, the newspaper reported. Earlier, the Adani company wrote to the power secretary asking the Bangladesh Power Development Board (PDB) to clear its outstanding dues by October 30. The letter, dated October 27, said that if the bills are not paid, the company shall be constrained to take remedial action under the Power Purchase Agreement (PPA) by suspending the power supply on October 31. The company said that the PDB has neither provided a letter of credit

2 Adani cos sign pacts with MSEDCL to supply 6,500 MW power to Maharashtra

Two Adani Group firms -- Adani Power and Adani Renewable Energy Fifty Five Limited -- will supply about 6,500 MW of power to Maharashtra State Electricity Distribution Company as part of agreements. In a regulatory filing, Adani Power Ltd said it has signed an agreement with Maharashtra State Electricity Distribution Company to supply nearly 1,500 MW of power. "Adani Power Limited has entered into a Power Supply Agreement (PSA) for supply of 1,496 MW (net) for a period of 25 years with the Maharashtra State Electricity Distribution Company Limited (MSEDCL)," it said. In a separate filing, Adani Green Energy Ltd (AGEL) said its wholly-owned step-down subsidiary Adani Renewable Energy Fifty Five Limited has entered into power purchase agreements with MSEDCL for supply of 5,000 MW of solar power.

Adani Power Q2 results: Net profit declines 50% to Rs 3,297.52 crore

Adani Power on Monday reported a 50 per cent decline in its consolidated net profit to Rs 3,297.52 crore in the September quarter compared to a year ago, mainly due to lower income as well as higher taxes. The company had posted a consolidated net profit of Rs 6,594.17 crore in the quarter ended September 2023, a BSE filing stated. The company explained that there were lower one-time revenue recognition of prior period items of Rs 1,020 crore in the first half of FY25 (April-September 2024) as compared to Rs 9,278 crore in H1 FY24, following the resolution of all major regulatory matters and realisation of outstanding dues from discoms (power distribution companies) in the previous year. It also stated that the one-time prior period revenue recognition in Q2 FY25 (July-September 2024) was Rs 598 crore, as compared to Rs 2,781 crore in Q2 FY24. The company had higher tax expenses, including deferred tax charge totalling to Rs 1,829 crore in H1 FY25, whereas H1 FY24 had recognition o

Q2 results today: Airtel, Adani Power and BHEL among 168 to post earnings

Q2FY25 company results: Indian Oil, Ambuja Cements, Aditya Birla Sun Life AMC, Sun Pharma and more will report their second-quarter earnings on October 28

JSW Energy outbids Adani Power for KSK Mahanadi with Rs 15,985 crore offer

JSW Energy leads KSK Mahanadi auction with a Rs 15,985 crore bid, outbidding Adani Power by Rs 100 crore; the two-day auction saw intense bidding among six major players

Here's why Adani Power share price is buzzing in trade on October 24

Adani Power shares rose after the company announced that its board of directors will meet on October 28, to consider raising funds worth up to Rs 5,000 crore via non-convertible debentures (NCDs)

Adani, Jindal Power among bidders for Sinnar Thermal Power takeover

The Sinnar Thermal Power Plant entered insolvency in January 2024 following Shapoorji Pallonji & Co's plea over unpaid construction dues

Stocks To Watch: RIL, HCLTech, L&T, Adani Power, Atul Auto, SpiceJet

Stock Market Today: RIL reported a 4.8 per cent year-on-year decline in consolidated profit for Q2 FY25, totaling Rs 16,563 crore, and missing analyst expectations.

Sri Lanka's new govt reconsidering approval to Adani's power project

Sri Lanka's new government led by Anura Kumara Dissanayake on Monday told the Supreme Court that it would reconsider the approval granted by the previous government to India's Adani Group for a wind power project. A five-member Supreme Court (SC) bench was told on behalf of the attorney general that the decision to review the project had been taken at a Cabinet meeting held on October 7. The final decision of the new government would be conveyed after the installation of the new Cabinet after the November 14 parliamentary election, the court was told. President Dissanayake in the run-up to the September 21 presidential election had pledged that his National People's Power (NPP) alliance would annul the project. The NPP claimed that the project posed a threat to Sri Lanka's energy sector sovereignty and promised that it would be cancelled in the event of their victory. The Adani Group was set to invest over USD 440 million in the 20-year agreement for the development of 484 megawat

Amid Bangladesh turmoil, Adani eyes Indian power grid to link Godda plant

Adani Power's Jharkhand plant, which sells its entire output to Bangladesh, is exploring selling power in India. This comes amid reports that Bangladesh may review its pact with the company

Jigar S Patel of Anand Rathi suggests buying these stocks on September 23

Recently, Adani Power broke through a key bearish trendline on the daily chart, suggesting a potential reversal in momentum from its previous downtrend.

Adani Power, Adani Green rise upto 8% on power supply deal with Maha Discom

The uptick in the share prices of these companies came on the back of securing a letter of intent (LoI) form Maharashtra state DISCOM for supply of 6,600 MW hybrid solar and thermal power.

Adani firms to sign 6.6 Gw power supply pact with Maharashtra discom

Adani Green Energy and Adani Power won a bid to supply 6,600 MW of power to Maharashtra

Majority of Adani group stocks settle lower, Adani Power down nearly 3%

As many as seven Adani group stocks ended lower on Friday as the Swiss authorities froze USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group -- a charge the conglomerate vehemently denied. Shares of Adani Power dropped 2.73 per cent, Adani Energy Solutions declined 2.42 per cent, Adani Ports slipped 1.37 per cent, Adani Green Energy went lower by 1.17 per cent, Adani Enterprises dipped 0.76 per cent, Adani Total Gas (0.55 per cent) and Adani Wilmar (0.37 per cent) on the BSE. However, three group firms managed to settle in the green. The stock of ACC jumped 1.94 per cent, NDTV climbed 1.01 per cent and Ambuja Cements (0.01 per cent). During the day, shares of Adani Power tumbled 3.20 per cent, Adani Energy dived 2.75 per cent, Adani Green declined 1.53 per cent, Adani Ports went down by 1.51 per cent, Adani Enterprises fell 1.18 per cent, Adani Wilmar (1.07 p

Coastal Energen insolvency: SC allows Dickey-Adani to operate plant for now

The NCLAT, in its September 6 order, had halted the Rs 3,335 crore resolution plan put forth by the consortium, which is the successful bidder for the bankrupt firm