Adani Power
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Adani Power registers Rs 635 cr profit in Q4 on back of higher revenues; plans to raise Rs 7,000 cr
•Adani Power's consolidated net loss for 2018-19 narrowed to Rs 984.40 crore from Rs 2,102.95 crore in the previous fiscal.
Power stocks gain on SC order of scrapping 12 February RBI circular; RattanIndia Power surges 12%
•Shares of power companies gained up to 12 percent Tuesday after the Supreme Court quashed a Reserve Bank of India circular on resolving bad debt that may provide relief to these firms
Govt approves Adani Power's Rs 14,000-cr Jharkhand special economic zone project
•The government has approved a Rs 14,000-crore special economic zone (SEZ) project of Adani Power in Jharkhand, which will export entire power generated to Bangladesh, an official said
Gujarat govt allows pass-through of higher coal cost for Tata, Adani, Essar power plants
•Bringing relief to thermal power plants owned by Tata, Adani and Essar groups, the Gujarat government Saturday passed an order to allow pass-through of higher cost of coal to end consumers
Mumbai fumes over 50% spike in electricity bills since Adani Power took over; discom cites tariff revision in September as cause
Fp Staff •The residents of Mumbai are agitated over inflated electricity bills received from Adani Power since the company took over the city's power circle in August from the Anil Ambani-led Reliance Infrastructure (RInfra). The Congress party and some consumers have taken to social media to accuse the company of increasing the bills sharply in October.
Adani Power restores 2,000-MW supply to Gujarat Urja Vidyut Nigam
•Adani Power had stopped supply from 20 January this year without any prior notice to GUVNL or the Gujarat Electricity Regulatory Authority (GERC)
Adani Power's net loss widens by 82% to Rs 825 crore in Q1; total income declines to Rs 3,959.40 crore
•Adani Power's consolidated net loss stood at Rs 452.84 crore in the quarter ended June of the previous fiscal, a BSE filing said
Subramanian Swamy calls Gautam Adani 'biggest NPA trapeze artiste'; group clarifies position
Ians •BJP MP Subramanian Swamy on Tuesday dropped a bad loan bombshell on industrialist Gautam Adani, calling him the "biggest NPA trapeze artiste in PSUs", but the group clarified that it had diligently and regularly serviced all its debt
Supreme Court stops Adani, Tata Power from charging higher prices to cover imported coal costs
•In 2010, Indonesia adopted new benchmark coal prices leading to an increase in the price of coal imported from the country.
Tata Power, Adani Power slump as SC sets aside tribunal order of allowing compensatory tariff
•Shares of Tata Power reversed early gains to fall as much as 6.78 percent, while Adani Power slumped up to 20 percent to its lowest since 21 February.