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Adani Power News

Adani Wilmar files draft red herring prospectus with SEBI for Rs 4,500 crore IPO
Business

Adani Wilmar files draft red herring prospectus with SEBI for Rs 4,500 crore IPO

Adani Enterprises Limited said net proceeds from the IPO are proposed to be used by Adani Wilmar to fund expansion of existing manufacturing facilities

Adani Power reports Rs 1,312 cr loss during Q4, total income declines; FY20 net loss widens to Rs 2,275 cr
Business

Adani Power reports Rs 1,312 cr loss during Q4, total income declines; FY20 net loss widens to Rs 2,275 cr

Adani Power had posted a consolidated net profit of Rs 634.64 crore in the year-ago quarter, Adani Power said in a BSE filing.

Without substantial progress thermal power plants get environment clearance extension
science

Without substantial progress thermal power plants get environment clearance extension

The projects, owned by Adani Power Limited, showed no progress and the est cost of the project is over Rs 21,000 crore.

Adani Power shares jump nearly 7% after company reports consolidated net profit of Rs 634.64 cr for fourth quarter
Business

Adani Power shares jump nearly 7% after company reports consolidated net profit of Rs 634.64 cr for fourth quarter

The scrip climbed 6.40 percent to close at Rs 51.50 on the BSE. During the day, it gained 8.88 percent to Rs 52.70

Adani Power registers Rs 635 cr profit in Q4 on back of higher revenues; plans to raise Rs 7,000 cr
Business

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%
Business

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
Business

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
Business

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
India

Mumbai fumes over 50% spike in electricity bills since Adani Power took over; discom cites tariff revision in September as cause

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
Business

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
Business

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
Business

Subramanian Swamy calls Gautam Adani 'biggest NPA trapeze artiste'; group clarifies position

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
Business

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
Business

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.

Reliance ranked 8th among top 10 global oil cos: Survey
Business

Reliance ranked 8th among top 10 global oil cos: Survey

Refiners Indian Oil Corporation and Hindustan Petroleum Corp Ltd moved to 14th from 66th and to 48th from 133rd, respectively, lifted by access to cheaper crude. Heavyweight, Oil & Natural Gas Corp Ltd,

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

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

The company company had reported Rs 171.81-crore consolidated net loss after tax and minority interest during the same quarter a year ago

Adani Power to enter into a $2 bn power plant deal with Jharkhand govt
Business

Adani Power to enter into a $2 bn power plant deal with Jharkhand govt

The electricity generated from the Jharkhand units would be sold to power-deficient Bangladesh

Sensex surges 246 pts on WPI boost; banking stocks end firm on rate cut hopes
Business

Sensex surges 246 pts on WPI boost; banking stocks end firm on rate cut hopes

Market breadth ended on a strong note, with 1,687 stocks advancing against 951 declines on BSE.

Renewables push: Adani in talks with Softbank, Foxconn on $3 billion solar plan
Business

Renewables push: Adani in talks with Softbank, Foxconn on $3 billion solar plan

Modi has set clean-energy targets including raising solar capacity five-fold to 100 gigawatts (GW) by 2022

Sensex ends 135 pts lower on late sell-off; mid-cap shares also take pounding
Business

Sensex ends 135 pts lower on late sell-off; mid-cap shares also take pounding

Market breadth ended marginally weak, with 1,527 stocks declining against 1,427 advances on BSE.