Business

Adani Power Retains ‘Buy’ From Ventura On Strategic Positioning, Capacity Expansion

January 24, 2025 revoi editor

Ventura maintained its ‘buy’ rating on Adani Power Ltd. and raised its target price to Rs 806, implying an upside potential of 55%. Enhanced coal availability and business expansion are fueling growth, it said. The company is positioned for future growth through consistent investments in thermal power capacity. Adani Power is strategically positioned with robust […]

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Business

Adani Group Gets Bernstein’s Vote — ‘Operational Metrics Better Post Short-Seller Attack’

December 3, 2024 revoi editor

The operational risks in Adani Group have reduced over the years, with a fall in share pledges, and improving leverage among others, according to Bernstein Research. The key concern during the short-seller Hindenburg Research’s allegations was share pledge, which has seen a “dramatic drop” across companies, Bernstein said in a note on Dec. 2. “This […]

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Business

Adani Power in top 80 percentile of global electric utilities in S&P Global CSA score

November 28, 2024 revoi editor

Ahmedabad, 28 November, 2024: Adani Power Ltd., a part of Adani portfolio companies, today said that it has achieved an exceptional score of 67 (out of 100) in the Corporate Sustainability Assessment (CSA) by global rating agency S&P Global for FY 2023-24. This compares to the sectoral average of 42 and APL’s own FY23 score […]

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Business

Adani Power announces Q1 FY25 results

July 31, 2024 Vinayak Barot

Ahmedabad, July 31st, 2024: Adani Power Ltd. [“APL”], a part of Adani portfolio companies, today announced the financial results for the first quarter ended 30th June 2024. Mr. S B Khyalia, CEO, Adani Power Limited, said, “As Adani Power grows from strength to strength, we have undertaken advance development activities to secure execution pipelines for […]

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Business

Adani Power announces Q3 FY24 results, Q3 FY24 continuing revenue grows 72% y-o-y to Rs. 13,405 Crore

January 25, 2024 Vinayak Barot

Ahmedabad, January 25th, 2024: Adani Power Ltd. [“APL”], a part of Adani portfolio companies, today announced the financial results for the third quarter ended 31st December 2023. Commenting on the quarterly results, Mr. S B Khyalia, CEO, Adani Power Limited, said, “Adani Power continues to demonstrate its leadership across domains by achieving ever-higher standards of […]

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Business

Adani Power to co-fire Green Ammonia at its Mundra Plant for a sustainable future

November 29, 2023 Vinayak Barot

Ahmedabad, 29 November 2023:  As the world leaders converge in the UAE for the UN Climate Change Conference (COP 28) from 30 November to 12 December 2023 to fast-track energy transition and slash emissions before 2030, Adani Power Ltd., India’s largest private sector power generator, has undertaken a ground-breaking green ammonia combustion pilot project at […]

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Business

Adani Power announces Q2 FY24 results, Q2 FY24 continuing revenue grows to Rs. 12,155 Crore

November 2, 2023 Vinayak Barot

Ahmedabad, November 2nd, 2023: Adani Power Ltd. [“APL”], a part of Adani Group, today announced the financial results for the second quarter ended 30th September 2023. Operating performance During Q2 FY 2023-24, APL and its subsidiaries achieved an average Plant Load Factor (“PLF”) of 58.3% and power sales volume of 18.1 Billion Units (“BU”), as […]

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Business

GQG, other investors invest $1.1 bln for 8.1 pc stake in Adani Power

August 16, 2023 Vinayak Barot

New Delhi, Aug 16, US-based boutique investment firm GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore (USD 1.1 billion) as the marquee investor shrugged off damning report of a US short seller to invest in billionaire Gautam Adani’s group. GQG […]

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Business

Adani Power announces Q1 FY24 results, Revenue at Rs. 18,109 Crore, up 16.8% y-o-y

August 3, 2023 Vinayak Barot

Ahmedabad, August 3rd, 2023: Adani Power Ltd. [“APL”], a part of Adani Group, today announced the financial results for the quarter ended 30th June 2023.  Operating Performance During the quarter ended 30th June 2023, APL achieved an average consolidated Plant Load Factor [“PLF”] of 60.1% and sales of 17.5 Billion Units [“BU”] on an installed […]

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Business

Adani Power’s Godda plant becomes fully operational

June 27, 2023 Vinayak Barot

Ahmedabad, 27 June 2023:  Adani Power Jharkhand Limited (APJL), a wholly owned subsidiary of Adani Power Limited, part of the diversified Adani Group has achieved Commercial Operations Date of its second unit of its 2 X 800 MW Godda Ultra-supercritical thermal power plant (“Godda USCTPP”) on 26th June, 2023, at Godda district in Jharkhand, India. […]

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