adani power

adani power’s market value currently stands at nearly Rs 4.85 lakh crore, higher than Infosys, whose market capitalization is around Rs 4.72 lakh crore. Following the latest reshuffle, adani power has emerged as India’s 11th most valuable listed company.

Stocks of several Adani Group firms, including Adani Enterprises, Adani Green, adani power, Adani Ports, Adani Energy and Adani Total Gas, rose by as much as 3.5% after the case was effectively closed the securities and wire alleged fraud case in New York.

Global tensions in West Asia, particularly around the Strait of Hormuz, are driving market volatility and influencing crude oil prices. Investors are also closely watching corporate earnings, with key results due this week, alongside crucial US economic data and the Federal Reserve's policy decision.

Adani Group stocks surged up to 13% after Gautam Adani sought dismissal of a US SEC civil case, citing no credible evidence of bribery. Lawyers argued the alleged actions were extraterritorial and took place in India. This, along with a positive outlook for Adani Green Energy, boosted investor sentiment.

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Rahul Gandhi charged PM Modi with undermining India’s sovereignty by collaborating too closely with the United States. He argued that the agriculture industry has been virtually handed over to American farmers, jeopardizing India's energy self-sufficiency and compromising citizens' data privacy.

adani power on Tuesday said its board has approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself. "The Board of Directors of adani power Ltd at its Meeting held on March 22, 2022, approved, subject to requisite approvals/consents, the Scheme of Amalgamation of various wholly-owned subsidiaries of the company..," a BSE filing said.

adani power shares on Tuesday shot up to a 52-week high, hitting the 10% upper circuit on reports the company has received Rs 3,000 crore in past dues from three Rajasthan discoms (distribution companies).

adani power has filed a contempt petition in the Supreme Court against three Rajasthan government discoms (power distribution companies) for failing to comply with the apex court’s order to pay the company Rs 6,738 crore in compensatory tariff and interest for power supplied since 2013.

Shares of adani power on Tuesday tumbled over 7 per cent after the company reported a 71.72 per cent plunge in its consolidated net profit for the quarter ended March 31, 2015.

Shares of adani power on Monday surged over 9 per cent after the company announced incorporation of a subsidiary, which is expected to push the group's ambitious plans in Jharkhand.

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.

adani power on Wednesday posted a whopping 1,619% growth in its consolidated net profit during the first quarter of fiscal year 2022-23. The company’s profit stood at Rs 4,780 crore during the quarter against Rs 278 crore in the corresponding quarter of 2021-22.

In traded volume terms, 50.59 lakh shares were traded at the BSE and over 2.45 crore shares at the NSE during the day.

adani power reported a 12% year-on-year decline in net profit to Rs 2,906 crore for the September quarter, primarily due to higher expenses. Despite this, total income saw a slight increase, supported by higher power sales. The company is actively pursuing capacity expansion, aiming for 42 GW by FY 2031-32, and has secured new long-term power purchase agreements.

adani power Limited on Wednesday posted a manifold jump in consolidated net profit to Rs 4,779.86 crore in the quarter ended June 2022, on account of growth in income. The consolidated net profit of the company in the year-ago period was at Rs 278.22 crore, according to a regulatory filing.

adani power on Wednesday reported 96 per cent decline in consolidated net profit at Rs 8.77 crore for December quarter 2022-23 mainly on the back of higher expenses.

adani power shares surged nearly 14% this week, hitting Rs 605 on Friday, driven by robust trading volumes and a bullish technical setup. Despite a 15.6% dip over the past year, the stock has shown strong recovery, gaining 14.5% year-to-date. Analysts remain optimistic, projecting a 1-year target price of Rs 634, indicating further upside potential.

The increase in revenue was aided by improved tariffs under long-term power purchase agreements (PPAs) on account of higher prices of imported coal as well as improved merchant/short-term tariffs due to more demand.

An amalgamation of six wholly-owned subsidiary companies of adani power Ltd (APL) -- adani power Maharashtra Ltd (APML); adani power Rajasthan Ltd (APRL); Udupi Power Corporation Ltd (UPCL); Raipur Energen Ltd (REL); Raigarh Energy Generation Ltd (REGL) and adani power (Mundra) Ltd (APMuL) -- with APL was sanctioned by the Ahmedabad-bench of National Company Law Tribunal on February 8, 2023, a BSE filing stated.

adani power on Monday completed the acquisition of 100 per cent equities in SPPL and EREPL for about Rs 609 crore. On June 7, 2022, adani power had signed a share-purchase agreements to acquire 100 per cent equity shares of two companies, viz. Support Properties Private Ltd (SPPL) and Eternus Real Estate Private Ltd (EREPL) from their respective shareholders.

Legislators on Monday asked why no action had been initiated against the adani power Ltd for destroying vast tracts of reserved forests in the tribal Gondia district, where it is setting up a 3200 MW power plant.

Tycoon Gautam Adani plans to start exporting electricity from a coal-fired plant in eastern India to Bangladesh before the end of the year, helping to alleviate energy shortages in the South Asian nation.

dani Power, a part of the infrastructure major Adani Group, on Thursday commissioned fourth unit of 660 megawatts (MW) at its power plant at Tiroda in Maharashtra, making it the largest private power producer in India with an overall installed capacity of 8,620 MW, ahead of its peers Tata Power and Reliance Power.

Himachal Pradesh cabinet decided to refund the upfront premium of Rs 280 crore in lieu of Jangi-Thopan (480MW) and Thopan-Powari (480MW) hydel projects to adani power Limited.

The company’s total income grew 51.5% to Rs 8,445.9 crore during the quarter, due to improved tariff realization and higher one-time income of Rs 771 crore, the company said.