Latest news with #AdaniPowerLtd
Business Standard
26-05-2025
- Business
- Business Standard
Adani Power Ltd Spikes 2.08%, BSE Power index Rises 1.03%
Adani Power Ltd has added 2.81% over last one month compared to 2.81% gain in BSE Power index and 3.82% rise in the SENSEX Adani Power Ltd rose 2.08% today to trade at Rs 564.6. The BSE Power index is up 1.03% to quote at 6876.82. The index is up 2.81 % over last one month. Among the other constituents of the index, Power Grid Corporation of India Ltd increased 1.73% and Suzlon Energy Ltd added 1.62% on the day. The BSE Power index went down 11.73 % over last one year compared to the 9.05% surge in benchmark SENSEX. Adani Power Ltd has added 2.81% over last one month compared to 2.81% gain in BSE Power index and 3.82% rise in the SENSEX. On the BSE, 18766 shares were traded in the counter so far compared with average daily volumes of 6.79 lakh shares in the past one month. The stock hit a record high of Rs 896.75 on 03 Jun 2024. The stock hit a 52-week low of Rs 430.85 on 21 Nov 2024.
United News of India
11-05-2025
- Business
- United News of India
Adani Power secures 1,500 MW UP order
Ahmedabad, May 10 (UNI) Adani Power Ltd, the country's largest private thermal power generator, on Saturday said it has secured a contract to supply 1,500 MW of power to Uttar Pradesh from a new ultra-supercritical thermal power plant to be set up in that state. The company emerged as the lowest bidder in a competitive tender process conducted by the Uttar Pradesh Power Corporation Ltd (UPPCL), offering a tariff of Rs 5.383 per unit, it said in a statement here. Adani Power will build 2x800 MW (1,500 MW net) greenfield plants under the Design, Build, Finance, Own and Operate (DBFOO) model. The project, approved by the Uttar Pradesh cabinet earlier this month, will entail an investment of approximately USD two billion (around Rs 16,700 crore). "We are happy to have won the competitive bid to supply 1,500 MW power to UP and feel privileged to play a leading role in meeting the state's rapidly growing power demand," said S B Khyalia, Chief Executive Officer, Adani Power Ltd. Khyalia said the project will generate 8,000 to 9,000 direct and indirect jobs during the construction phase, and around 2,000 jobs once operational. The company aims to commence supply by FY 2029-30. The power supply agreement will be signed shortly under the Letter of Award (LoA) received from UPPCL on Saturday. Thermal power demand in Uttar Pradesh is projected to rise by about 11,000 MW by 2033-34, driven by industrialisation and urbanisation. The 1,500 MW order forms a part of the state's broader strategy to meet that future demand. This is Adani Power's second major win in the past year. In September 2024, the company received a Letter of Intent for 6,600 MW (1,600 MW thermal and 5,000 MW solar) from Maharashtra State Electricity Distribution Company Ltd, which has since been formalised as a power supply agreement. Adani Power currently operates 17,510 MW of installed thermal capacity across eight states and a 40 MW solar power plant in Gujarat. UNI BDN SS
NDTV
10-05-2025
- Business
- NDTV
Adani Power To Supply 1,500 MW To UP From Upcoming Greenfield Power Plant
Ahmedabad: Adani Power Ltd on Saturday said it has won a tightly-contested bid to supply 1500 MW (net) of thermal power to Uttar Pradesh. As part of the contract, India's largest private sector thermal power generator will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) ultra-supercritical power plant, to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state. This is further to the Uttar Pradesh cabinet approving the project earlier this month. The company will now sign a long-term Power Supply Agreement (PSA) with Uttar Pradesh Power Corporation Ltd. (UPPCL) under the Letter of Award (LoA). "We are happy to have won the competitive bid to supply 1,500 MW power to UP and feel privileged to play a leading role in meeting the state's rapidly growing power demand. We plan to set up a modern and low emission ultra-supercritical plant in UP and aim to begin supplying reliable and high-quality power by FY30," said S.B. Khyalia, Chief Executive Officer, Adani Power. Khyalia said Adani Power would invest $2 billion in setting up the plant and related infrastructure. The project is expected to generate direct and indirect employment of 8,000-9,000 during the construction phase and 2,000 once in operation. Thermal power demand in UP is set to rise by 11,000 MW by 2033-34, owing to factors like industrialisation, urbanisation and modernisation. This 1,500 MW order is part of the government's initiative to meet that future demand. This is second major PSA bid the company has won in the last one year, after receiving the composite 6,600 MW (1600 MW thermal and 5000 MW solar) LoI from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) in September 2024, which subsequently has been converted into a PSA.
Time of India
06-05-2025
- Business
- Time of India
Adani Power wins 1,500 MW electricity supply contract for Uttar Pradesh at Rs 5.383 per unit
Representative image NEW DELHI: Adani Power secured a contract to supply 1,500 megawatts (MW) of electricity to Uttar Pradesh at a tariff of Rs 5.383 per unit (kWh) for a period of 25 years, announced UP's energy minister AK Sharma."We decided to purchase a total of 1500 MW (ex-bus) power from a 2x800 MW (1600 MW) thermal power project based on competitive bidding. Under this, seven companies came forward and participated in the bidding processes. Adani Power Ltd has won a contract to supply 1500 megawatts from a thermal power plant in the northern state of Uttar Pradesh at Rs. 5.383 per unit," AK Sharma told reporters in Lucknow, as quoted by news agency deal, finalised through a competitive bidding process, involves power supply from a 2x800 MW (1,600 MW) thermal power project to be established within the Uttar Pradesh cabinet, in a meeting chaired by chief minister Yogi Adityanath on Tuesday, approved the proposal to procure power from the upcoming facility. The move is part of the state's long-term strategy to meet its growing energy needs and ensure future energy to A K Sharma, the state is expected to require an additional 10,795 MW of thermal power by 2033–34. The procurement of 1,500 MW through this agreement is a key step in fulfilling that projected tender, issued in October last year, invited bids for power procurement from the planned thermal project. Adani Power emerged as the lowest bidder, quoting a fixed charge of Rs 3.727 per unit and a fuel charge of Rs 1.656 per unit, bringing the total tariff to Rs 5.383 per unit. Power Purchase Agreement (PPA) will be signed between UP Power Corporation Ltd (UPPCL) and Adani Power under the terms of the long-term bid. The electricity supply will originate from the new thermal facility that the company will set up in Uttar Power Limited, on April 30, had disclosed its power generation figures, reaching 102.2 billion units during financial year 2024-25, showing an increase of 19.5 per cent compared to 85.5 BU in 2023-24, as revealed in their Wednesday earnings company's data indicated that their consolidated power sales volume reached 95.9 BU in 2024-25, marking a 20.7 per cent increase from 79.4 BU in 2023-24, attributed to increased power requirements and enhanced operational consolidated continuing total revenue showed growth of 10.8 per cent, amounting to Rs 56,473 crore in 2024-25 compared to Rs 50,960 crore in 2023-24, driven by increased sales volumes, despite being partially offset by reduced tariff realisation.
Business Standard
05-05-2025
- Business
- Business Standard
Netweb Technologies India Ltd leads gainers in 'A' group
R R Kabel Ltd, Adani Total Gas Ltd, Adani Power Ltd and Adani Green Energy Ltd are among the other gainers in the BSE's 'A' group today, 05 May 2025. R R Kabel Ltd, Adani Total Gas Ltd, Adani Power Ltd and Adani Green Energy Ltd are among the other gainers in the BSE's 'A' group today, 05 May 2025. Netweb Technologies India Ltd surged 14.05% to Rs 1620 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.28 lakh shares were traded on the counter so far as against the average daily volumes of 20728 shares in the past one month. R R Kabel Ltd spiked 13.20% to Rs 1161. The stock was the second biggest gainer in 'A' group. On the BSE, 1.44 lakh shares were traded on the counter so far as against the average daily volumes of 13881 shares in the past one month. Adani Total Gas Ltd soared 10.00% to Rs 659. The stock was the third biggest gainer in 'A' group. On the BSE, 3.32 lakh shares were traded on the counter so far as against the average daily volumes of 90253 shares in the past one month. Adani Power Ltd added 8.57% to Rs 569.9. The stock was the fourth biggest gainer in 'A' group. On the BSE, 10.63 lakh shares were traded on the counter so far as against the average daily volumes of 4.99 lakh shares in the past one month. Adani Green Energy Ltd jumped 7.34% to Rs 972. The stock was the fifth biggest gainer in 'A' group. On the BSE, 8.98 lakh shares were traded on the counter so far as against the average daily volumes of 3.35 lakh shares in the past one month.
