Page 6 - Adani Power

Adani Power Q4: Net profit surges to Rs 4,645 cr due to higher revenues

Adani Power's consolidated net profit jumped to Rs 4,645.47 crore in the March quarter from Rs 13.13 crore in the year-ago period, mainly on the back of higher revenues. Total income of the company rose to Rs 13,307.92 crore in the quarter ended on March 31, 2022 from Rs 6,902.01 crore in the same period a year ago, it said in a statement on Thursday. The consolidated net profit for 2021-22 climbed to Rs 4,911.58 crore from Rs 1,269.98 crore in 2020-21. Last fiscal, the company's total income increased to Rs 31,686.47 crore from Rs 28,149.68 crore in the same period a year ago. Gautam Adani, Chairman of Adani Group said that availability of reliable power supply to various sectors across the nation is critical to economic growth. "The Adani Group stands committed to fulfilling India's energy needs in a sustainable, reliable, and affordable manner. Our diversified presence across the energy value chain helps us ensure that this vital input is always available to power the economy,

Adani Power m-cap hits Rs 1 trn-mark; AWL becomes 50th most-valued firm

With Rs 1.05 trillion, Adani Power is the sixth Adani Group company which has touched the Rs 1-trillion m-cap milestone

MSCI rebalancing could see addition of three Indian stocks, two deletions

Tata Elxsi, Jindal Steel seen as inclusion candidates; move could see a churn of Rs 6,900 crore by funds tracking the index

Adani Power enters top-50 most-valued firms club; zooms 109% in a month

Adani Power's market cap was at Rs 99,972 crore as of 10:19 am on Friday, the BSE data shows

Combined m-cap of all listed Adani Group firms crosses Rs 16 trillion

Shares of Adani Group companies traded higher by up to 16 per cent on the BSE on Monday, extending their last week's rally

Power companies' shares attract investors on firm demand outlook

Shares of power distribution companies are in demand amid reports of rising electricity consumption in the country

Adani Wilmar, Adani Power: Is it time to book profit in Adani Group stocks?

Adani Wilmar, Adani Power, and Adani Total Gas are expected to see up to 18 per cent upside in the coming sessions

Adani Group stocks hit fresh record highs on fund raising plan

The boards of directors of Adani Enterprises, Adani Transmission and Adani Green are scheduled to meet on Friday, April 8, 2022 to consider the proposal for raising of funds.

Congress-led Rajasthan govt pays Rs 3,000 crore dues to Adani Power

Adani Power had signed an agreement with the Rajasthan discoms in March 2008 to set up a 1,200 MW coal-based power project near Kawai in Baran district at a cost of Rs 6,000 crore

Adani Group shares at lifetime highs; Adani Power zooms 92% in one month

Adani Wilmar has surged 61% in the last one month; Adani Total Gas and Adani Enterprises rallied 35 per cent and 33 per cent, respectively.

BSE Power index hits over 14-year high; Adani Power zooms 64% in 8 days

India's power consumption has grown steadily at 4.6% YoY in March to 126.12 billion units, showing the impact of early onset of summers and easing of lockdown restrictions by states.

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.