Page 11 - Adani Power

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 ...

After Supreme Court order, Adani Power faces write-offs, restating accounts

Restructuring of power holdings likely

Blow for Tata Power, Adani Power; earnings under threat

SC disallowing compensatory tariff may make Mundra power plants unviable for the two companies

Unit 4 at Mundra plant runs for record 600 days: Adani Power

A unit of NTPC's Vindhyachal power plant ran for 559 days previously

Lower demand widens Adani Power's Q3 standalone loss 16-fold to Rs 478 cr

Non-availability of domestic fuel linkages and lower power demand has led to Adani Power Limited (APL)'s standalone net loss widening Rs 478.39 crore for the quarter ended December 31, 2016 for the financial year 2016-17, the company informed in its filing on BSE. As against this, the power arm of Adani Group had registered a standalone net loss of Rs 30.24 crore for the said quarter last year.The company's standalone total income for Q3 of FY'17 too fell to Rs 3063.97 crore, from Rs 3195.23 crore of Q3 in the previous fiscal. As per the communique, EBIDTA during the quarter fell by 15.9 per cent from Rs. 2,030 crore in Q3 FY'16 to Rs 1,708 crore in Q3 FY'17, mainly due to lower merchant tariff and prior quarter income recognized in Q3 FY16. On the other hand, finance costs increased from Rs. 1,318 crore in Q3 FY'16 to Rs. 1,430 crore in Q3 FY'17 on account of higher working capital utilization and impact of mark to market on foreign currency derivatives.According to the company, ...

Adani Power Q3 net loss at Rs 325 cr

Total income decreased to Rs 5,872 cr as against Rs 6,210 cr a year ago.

Adani Power dips over 10% on disappointing Q3 results

The stock dipped 12% to Rs 33.95 after the company posted a consolidated net loss of Rs 325 crore in Q3FY17

Promoters infused Rs 1,700-cr equity in Adani Power in FY17

In the last financial year, the promoter equity infusion was about Rs 1,100 cr

Adani Power's standalone net loss narrows to Rs 135 cr in Q2FY17

The company has reported consolidated net loss of Rs 114.40 crore in Q2FY17 as against Rs 410.92 crore in Q2FY16

Adani Power net loss narrows to Rs 34 cr in Apr-Jun qtr

Net sales of the company during the April-June quarter stood at Rs 5,577.31 crore as against Rs 5,935.61 crore in the year-ago period

Adani Power posts standalone Q1 net loss of Rs 5.28 crore

Water scarcity impacts Tiroda plant; company had posted a profit of Rs 99 crore in the year-ago quarter

CARE Ratings revises rating for Adani Power's bank facilities

It has also revised its ratings for other long-term bank facilities, from BBB to BBB-

Adani Power seeks shareholders' nod to raise Rs 10,000 crore

The company said it will increase its borrowing limit to Rs 45,000 crore from Rs 35,000 crore

Adani to supply 1600-Mw power to Bangladesh from Jharkhand project

A MoU was signed by Adani Power & BPDB in August 2015 after a joint declaration was issued during PM Modi's visit to Dhaka in June 2015

Adani Power to set up 1 mn tonnes copper plant in Mundra

The estimated project cost is Rs 10,000 crore and the estimated environment protection cost is Rs 900 crore, said EAC