The Board of Directors of Adani Power Ltd on recommendation of the Audit Committee at its meeting held on 23rd February, 2019, has approved the proposal for acquisition of entire stake of Adani Power Dahej Limited (APDL); Adani Pench Power Limited (APPL)
Adani Power Ltd (ADL) said Wednesday its consolidated net profit rose by 22 per cent to Rs 386.89 crore in the quarter ended September 30, 2018.
Capital cost escalation, domestic coal availability issues, shortfall in domestic gas supply and drying up of long-term power purchase agreements (PPAs) have adversely affected the credit profile of leading IPPs (independent power producers).
Indian power companies are seeking billions of dollars of federal funding to retrofit coal-fired plants to cut emissions, saying hefty tariff increases would otherwise be needed to pay for the technology, according to internal documents.
The board of Adani Power Ltd. will meet on Tuesday to consider hiving off its flagship Mundra power station to a new subsidiary in which a Gujarat government entity may take a majority stake.
The Supreme Court on Tuesday set aside an order by the Appellate Tribunal For Electricity allowing compensatory tariff to Tata Power Ltd and Adani Power Ltd, sending down shares of both companies
The Supreme Court on Thursday reserved its verdict in a case to determine if an electricity regulatory body can alter competitively bid tariffs to award compensation to Tata Power Ltd and Adani Power Ltd.
Adani Transmission Ltd, part of the $12 billion Adani Group, is one of the largest private sector transmission companies in India with more than 7,000 circuit kms of transmission lines across Western, Northern and Central regions of India.
Adani Transmission Ltd (ATL), the largest private power transmission company operating in India, announced on Wednesday the signing of Binding Term Sheet with Anil Ambani’s Reliance Infrastructure Ltd. (RInfra) to acquire the latter’s mega inter-state operational transmission assets. The acquisition has been done in a manner consistent with Transmission Service Agreement and subject to Statutory and Regulatory Approvals/Consents, the company said in a statement.