Latest news with #AdaniPowerLimited
NDTV
01-08-2025
- Business
- NDTV
Adani Power Clocks 27.1% Sequential Surge At Rs 3,305 Crore In Q1
Ahmedabad: Adani Power on Friday reported an impressive 27.1 per cent sequential surge in the April-June quarter (Q1 FY26) at Rs 3,305 crore -- from Rs 2,599.23 crore posted in the last quarter (Q4 FY25). Consolidated power sale volume grew by 1.6 per cent at 24.6 billion units (BU) in Q1 FY26, compared to 24.2 BU in Q1 FY25, despite a high base effect and demand disruption due to early monsoon. The Adani Group company reported consolidated continuing total revenue for Q1 at Rs 14,167 crore compared to Rs 15,052 crore in Q1 FY25, primarily due to lower merchant tariff realisation and import coal prices year-on-year. Consolidated continuing total revenue for Q1 FY26 stood at a similar level to Q4 FY25, despite lower volumes, due to improved merchant realisation on a sequential basis. 'Adani Power's stable financial performance this quarter is a testament to its resilience and core strengths, even in the face of variability in power demand and unpredictable weather,' said S.B. Khyalia, CEO, Adani Power Limited. 'We continue to bolster our capacity through swift project execution and strategic acquisitions, ensuring we are well-prepared for future growth on our path to 30 Giga Watts (GW) by 2030. By securing critical equipment like Ultra-supercritical boilers, turbines, and generators ahead of schedule, we're reinforcing our competitive edge and supporting India's growing energy needs,' he added. The consolidated operating capacity grew from 15,250 MW in Q1 FY25 to 17,550 MW in Q1 FY26 on account of the acquisition of the 1,200 MW Moxie Power Generation Ltd, 600 MW Korba Power Limited and 500 MW Adani Dahanu Thermal Power Station. It has further grown to 18,150 MW in July 2025 upon completion of the acquisition of the 600 MW Vidarbha Industries Power Ltd. Power demand was affected by an early monsoon in Q1 FY26, in comparison to the demand surge witnessed in Q1 FY25 due to a heat wave phenomenon. 'Our commitment to sustainability and operational excellence remains unwavering, as we strive to deliver reliable, affordable power that drives the nation's progress,' said Khyalia.
Hans India
22-07-2025
- Business
- Hans India
Underground mining at Gondkhari: A sustainable boost to environment and local economy
Ahmedabad: The development of Gondkhari Underground Coal Block near Nagpur will witness least disturbance to the villages and forests on the surface. The Ministry of Coal that awarded the block to Adani Power Limited through competitive bidding will produce two million tonnes of coal annually using underground technology. The block awarded to Adani Power Limited through competitive bidding forms part of the Coal Ministry's strategy to produce two million tonnes of coal annually in the country, using underground technology. The project will set a precedent for environmentally conscious resource extraction. Unlike traditional open-cast mining, the Gondkhari project will ensure minimal surface disruption. Of the total 862.00 hectares, including 87.351 hectares of revenue forest land, will remain undisturbed as no infrastructure development or mining operations will occur on forest land. As a result, the underground mining project will prevent tree felling and forest degradation, which are the major concerns of the stakeholders today. The company will develop mine entries and infrastructure on privately acquired land, ensuring that forest patches remain intact. This underground approach not only safeguards biodiversity but also aligns with the principles of ecological conservation. The Forest Diversion Proposal underscores the project's commitment to regulatory compliance, especially with the Ministry of Environment, Forest and Climate Change. Beyond environmental stewardship, the Gondkhairi Underground Mining project promises substantial socio-economic benefits. It is a much-awaited project since it does not involve any resettlement of people and will generate both direct and indirect employment opportunities for over 2500 people in Vidarbha region. Adani Power has developed an extensive CSR plan for the local communities covering critical areas such as Education, Health, livelihood and rural infrastructure, among others. Local youth will be empowered through skill development programs facilitated by Adani Power, including initiatives under Corporate Social Responsibility (CSR). These programs aim to uplift the community by enhancing employability and fostering inclusive growth. Also, the project will enhance the revenue for the state government through royalty, taxes, and duties. The Gondkhiari Underground Coal Mine project exemplifies how modern mining can harmonise with nature while catalysing regional development. By prioritising underground technology and community engagement, it offers a blueprint for responsible mining that benefits both the environment and the local economy.
Economic Times
30-06-2025
- Business
- Economic Times
BHEL shares in focus after Rs 6,500 crore order win from Adani Power
Shares of Bharat Heavy Electricals Limited (BHEL) are likely to be in focus on Monday, June 30, after the company announced that it has secured an order worth Rs 6,500 crore from Adani Power. ADVERTISEMENT The Letter of Award (LoA) pertains to the supply and commissioning of equipment for six thermal power units of 800 MW each. 'Bharat Heavy Electricals Limited (BHEL) has received a Letter of Award (LoA) from Adani Power Ltd. (APL) for six (6) thermal units of 800 MW,' the company said in an exchange filing. In its stock exchange filing, BHEL confirmed that the LoA includes the supply of Steam Turbine Generators along with auxiliaries, as well as the supervision of erection and commissioning of the units. The thermal power units, each of 800 MW, amount to a cumulative capacity of 4,800 MW. Awarding Entity: Adani Power Limited (domestic entity) Adani Power Limited (domestic entity) Scope: Supply of equipment including Steam Turbine Generator and auxiliaries Supervision of erection & commissioning of 6 thermal units Order Value: Approx. Rs 6,500 crore (exclusive of GST) Approx. Rs 6,500 crore (exclusive of GST) Type of Order: Domestic Domestic Execution Timeline: As per customer's project requirements The order has been placed by a domestic client and does not fall under related party transactions, nor is there any promoter group interest involved in the awarding entity. ADVERTISEMENT The award is expected to strengthen BHEL's order book and operational visibility in the thermal equipment manufacturing space. The company mentioned that execution timelines would be in line with the customer's project shares, on Friday, closed flat with a negative bias at Rs 264.05 on the BSE. ADVERTISEMENT Also read: Nifty ready to scale new highs on bullish mood: Analysts (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Insider
28-06-2025
- Business
- Business Insider
Jefferies Remains a Buy on Adani Power Limited (ADANIPOWER)
Jefferies analyst Lavina Quadros maintained a Buy rating on Adani Power Limited (ADANIPOWER – Research Report) yesterday and set a price target of INR596.00. The company's shares closed yesterday at INR584.35. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Quadros is a 4-star analyst with an average return of 16.2% and a 54.55% success rate. Quadros covers the Energy sector, focusing on stocks such as NTPC Limited, Adani Energy Solutions Ltd, and Adani Green Energy Limited. Adani Power Limited has an analyst consensus of Moderate Buy, with a price target consensus of INR627.50. Based on Adani Power Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR142.37 billion and a net profit of INR26.37 billion. In comparison, last year the company earned a revenue of INR133.64 billion and had a net profit of INR27.37 billion
Business Upturn
12-05-2025
- Business
- Business Upturn
Why are Adani Power share price up 7% today? Explained
Shares of Adani Power Limited surged over 7% on Monday after the company announced it had secured a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for a long-term power supply contract. As per the revised exchange filing dated May 12, 2025, Adani Power will supply 1,500 MW of electricity to UPPCL over a 25-year period. The supply will originate from a planned 2×800 MW (1,600 MW) thermal power project in Uttar Pradesh, developed under a competitive bidding framework. The contract, awarded through UPPCL's standard tendering process, aligns with state procurement guidelines. Though financial specifics of the order were not disclosed, Adani Power confirmed that the tariff would be governed by the bid terms. Importantly, the company clarified that the project falls under domestic procurement and does not involve any related party interest from Adani Group promoters. The stock jumped as much as 7% intraday following the announcement, reflecting investor confidence in the company's expanding portfolio of long-term power purchase agreements. The stock exchanges had previously advised the company to issue a revised disclosure after its initial announcement on May 10, which was complied with today. The development strengthens Adani Power's standing as a key private sector player in India's thermal power sector, particularly in long-term, state-backed supply agreements. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
