Latest news with #AdaniPowerLtd
Time of India
3 days ago
- Business
- Time of India
Adani Power to build $3 bn thermal plant in Bihar after winning 2,274 MW supply contract
Adani Power Ltd . on Thursday announced that the company has secured a Letter of Intent (LoI) from Bihar State Power Generation Company Ltd . (BSPGCL) to develop and supply 2,274 MW of electricity to the state from a proposed 2,400 MW thermal power project in Bhagalpur district. The said plant will be set up in Pirpainti village at an investment of around $3 billion, the company said. The power will be distributed to North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL), the company said in a statement on Thursday. The LoI was issued following a bidding process, where Adani Power said it emerged as the lowest bidder with a final supply tariff of Rs 6.075 per KWh. The electricity will be sourced from a greenfield 3x800 MW Ultra-supercritical thermal plant to be developed under the Design, Build, Finance, Own, and Operate (DBFOO) model. 'We are pleased to have won the bid to develop and operate a 2,400 MW thermal power project in Bihar. We will set up a new greenfield plant with an investment of ~$3 billion, which is expected to further aid industrialization in the state. Our plant will be an advanced, low-emission Ultra-supercritical one, and will supply dependable, competitively priced, and high-quality power to the state,' said S.B. Khyalia, Chief Executive Officer of Adani Power. The first unit of the project is scheduled to be commissioned within 48 months of the appointed date, with the final unit coming online within 60 months. Fuel for the power plant will be supplied through a coal linkage granted under the Government of India's SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy. According to Adani Power, the project will generate an estimated 10,000–12,000 jobs during the construction phase and approximately 3,000 jobs once the plant is operational. The company expects to receive the formal Letter of Award (LoA) soon, after which a Power Supply Agreement (PSA) will be signed with the state utilities.
United News of India
4 days ago
- Business
- United News of India
Adani Power gets nod to build a greenfield thermal power plant in Bihar
New Delhi, Aug 7 (UNI) Adani Power Ltd received a Letter of Intent (LoI) from Bihar State Power Generation Company Ltd (BSPGCL) to supply 2,274 MW power to North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL) as per the statement of the company. Chief Executive Officer, Adani Power, SB Khyalia, said, 'We are pleased to have won the bid to develop and operate a 2,400 MW thermal power project in Bihar. We will set up a new greenfield plant with an investment of USD 3 billion, which is expected to further aid industrialization in the state. Our plant will be an advanced, low-emission ultra-supercritical one, and will supply dependable, competitively priced and high-quality power to the state.' As per the statement, Adani Power was the lowest bidder in a tightly contested tender process with the final supply price of Rs 6.075 per unit The company will set up the plant at village Pirpainti in Bhagalpur district of Bihar. The plant will receive fuel from the allocated coal linkage under the SHAKTI policy of Government of India. The SHAKTI policy, known as 'Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India', aims towards the reform of coal allocation to the power sector. Moreover, the company is also expected to receive the Letter of Award (LoA) in due course as per the statement. UNI SAS PRS
Time of India
01-08-2025
- Business
- Time of India
Adani Power Q1 Results: Cons PAT drops 15% YoY to Rs 3,305 crore; revenue down 6%
Adani Power on Friday reported its results for the quarter ended June 2025, posting a 15.5% year-on-year (YoY) decline in consolidated net profit at Rs 3,305 crore, compared to Rs 3,913 crore in the year-ago period. Meanwhile, the company's revenue also declined 5.9% YoY. Revenue from operations slipped to Rs 14,167 crore in the quarter under review, down from Rs 15,052 crore in the corresponding period of the previous fiscal year. The company attributed the dip in profit to lower merchant tariff realization and elevated operating expenses following acquisitions, while the revenue decline was driven by year-on-year changes in imported coal prices. However, Adani Power stated that its consolidated profit after tax (PAT) for Q1 FY26 was 27.1% higher compared to Q4 FY25, supported by one-time income and sustained EBITDA on a sequential basis. The company's consolidated continuing EBITDA for Q1 FY26 stood at Rs 5,744 crore, down from Rs 6,290 crore in Q1 FY25, due to lower revenue and higher operating expenses arising from recent acquisitions on a year-on-year basis. Live Events However, EBITDA for Q1 FY26 was 12.7% higher compared to the previous quarter. In Q1FY26, the company reported a 15% YoY increase in installed capacity, which rose to 17,550 MW from 15,250 MW in Q1FY25. However, the Plant Load Factor (PLF) declined to 67%, down from 78% in the same quarter last year, indicating a reduction in operational efficiency. Despite the lower PLF, units sold increased slightly on a year-on-year basis, rising to 24.6 billion units from 24.2 billion units in Q1FY25. Adani Power also noted that power demand in Q1FY26 was impacted by an early monsoon, in contrast to the surge seen in Q1FY25 due to a heatwave. As a result, all-India energy demand declined by 1.6% to 445.2 BU in Q1FY26, compared to 452.4 BU in Q1FY25. Peak demand also dropped 2.8% to 243 GW from 250 GW, affecting merchant demand and tariffs. Peak demand for Q1 FY26 was also lower by 2.8% at 243 GW compared to 250 GW in Q1 FY25, affecting merchant demand and tariffs. As a result of variability in demand and weather conditions, the average market-clearing price on the Indian Energy Exchange declined by 16% year-on-year (YoY) to Rs 4.41/kWh in Q1FY26, compared to Q1FY25. Day Ahead Market volumes also fell 7% to 12,399 MU during this period. Despite the slowdown in energy demand, Adani Power Ltd (APL) registered a 1.6% growth in power sales, driven by increased operating capacity and higher offtake at select plants. The company continues to maintain a strong balance sheet and sound liquidity. Total debt outstanding as of June 30, 2025, stood at Rs 44,372 crore, up from Rs 38,335 crore as of March 31, 2025. Net debt for the same dates stood at Rs 37,437 crore and Rs 31,023 crore, respectively. The increase in debt was attributed to bridge financing for capital expenditure and working capital borrowings in line with the company's expanded scale of operations. In addition to announcing Q1FY26 results, the company also approved a 1:5 stock split for shareholders. Following the results, shares of Adani Power were trading 1% lower at Rs 581.45 on BSE.
Business Upturn
01-08-2025
- Business
- Business Upturn
Top Q1 results today, August 1: ITC, Adani Power, Godrej Properties, Tata Power and more to announce earnings
By Aman Shukla Published on August 1, 2025, 08:09 IST Several key Indian companies, including ITC Ltd, Adani Power Ltd, Godrej Properties Ltd, UPL Ltd, and Tata Power Company Ltd, are set to release their financial results for the first quarter of FY26 on Thursday, August 1, 2025. In total, 96 firms are scheduled to announce their earnings today. Major Companies Releasing Q1 Results Today (August 1, 2025): ITC Ltd Adani Power Ltd Godrej Properties Ltd UPL Ltd Tata Power Company Ltd Tube Investments of India Ltd LIC Housing Finance Ltd GlaxoSmithKline Pharmaceuticals Ltd Multi Commodity Exchange of India Ltd Narayana Hrudayalaya Ltd Honeywell Automation Ltd Delhivery Ltd Ratnamani Metals and Tubes Ltd Capri Global Capital Ltd Graphite India Ltd Kirloskar Brothers Ltd Alivus Life Sciences Ltd G R Infraprojects Ltd JK Lakshmi Cement Ltd Shakti Pumps (India) Ltd PC Jeweller Ltd Shriram Pistons & Rings Ltd Ramkrishna Forgings Ltd Safari Industries (India) Ltd Jupiter Life Line Hospitals Ltd Healthcare Global Enterprises Ltd Dhanuka Agritech Ltd Symphony Ltd Aditya Vision Ltd Digitide Solutions Ltd RPSG Ventures Ltd Privi Speciality Chemicals Ltd Procter and Gamble Health Ltd Go Fashion India Ltd Gujarat Themis Biosyn Ltd Steel Strips Wheels Ltd Taj GVK Hotels & Resorts Ltd Sangam (India) Ltd Baazar Style Retail Ltd Hester Biosciences Ltd Century Enka Ltd Pudumjee Paper Products Ltd Kabra Extrusion Technik Ltd Themis Medicare Ltd Jay Bharat Maruti Ltd Shree Ganesh Remedies Ltd Venus Remedies Ltd Mangalam Worldwide Ltd Advani Hotels and Resorts (India) Ltd Lyka Labs Ltd Kaycee Industries Ltd Brand Concepts Ltd Sah Polymers Ltd Tilak Ventures Ltd Standard Industries Ltd Maral Overseas Ltd Odigma Consultancy Solutions Ltd Standard Capital Market Ltd Cinevista Ltd Warren Tea Ltd Starlog Enterprises Ltd Dutron Polymers Ltd Divyashakti Ltd Aro Granite Industries Ltd Next Mediaworks Ltd Sarthak Industries Ltd Sarup Industries Ltd Maris Spinners Ltd Narendra Properties Ltd Cochin Malabar Ltd Vanta Bioscience Ltd Link Pharmachem Ltd Stanrose Mafatlal Investment and Finance Ltd Enbee Trade & Finance Ltd Raw Edge Industrial Solutions Ltd Heads UP Ventures Ltd Shivamshree Businesses Ltd FGP Ltd Deccan Polypacks Ltd Investors are closely watching these announcements for revenue performance, profit trends, forward-looking statements, and management commentary. These elements are likely to influence share price movements and help investors assess near-term opportunities or risks. Ahmedabad Plane Crash Adani PowerGodrej PropertiesITCTata Power Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
11-07-2025
- Business
- Business Standard
Adani Power Ltd soars 0.1%, gains for fifth straight session
Adani Power Ltd is quoting at Rs 606.4, up 0.1% on the day as on 12:44 IST on the NSE. The stock is down 14.59% in last one year as compared to a 2.79% slide in NIFTY and a 15.51% slide in the Nifty Energy. Adani Power Ltd is up for a fifth straight session today. The stock is quoting at Rs 606.4, up 0.1% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.67% on the day, quoting at 25184.7. The Sensex is at 82567.56, down 0.75%. Adani Power Ltd has gained around 6.92% in last one month. Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has gained around 0.79% in last one month and is currently quoting at 36447.65, down 0.67% on the day. The volume in the stock stood at 28.07 lakh shares today, compared to the daily average of 56.94 lakh shares in last one month. The PE of the stock is 20.07 based on TTM earnings ending March 25.
