A2Z Infra stocks ended 5.65 per cent up at Rs 32.70 after the company won a $ 13.56 million (around Rs 90 crore) contract from Nepal government for expansion of electricity distribution network.
Gujarat-based thermal power plants of Tata Power and Adani Power have placed fresh demands for compensatory tariffs before the Central Electricity Regulatory Authority (CERC) for the under-recoveries suffered by their Mundra units on account of unforeseen increase in imported (Indonesian) coal prices.
Adani Power says due to drought condition in Maharashtra, the water dam has dried up and is unable to supply water to Tiroda Power Plant.
The largest private sector power developer Adani Power posted a consolidated quarterly profit of Rs 1,173 crore, an increase of 64% compared to the corresponding period last year, on account of higher sale of electricity.
Adani Power today posted 64 per cent jump in consolidated net profit at Rs 1,173.39 crore for the quarter ended March 31.
Some 21 workers of Adani Power Limited sustained burn injuries as a boiler pipe burst at the thermal power plant and hot water spilt at Mundra in the Kutch district of Gujarat today.
Adani Power and Tata Power plunged by 3.8% and 5.1% at around 11:30 am after the Apellate Tribunal for Electricity (APTEL) on Thursday delivered its final order saying Central Electricity Regulatory Commission (CERC) was not authorized to fix tariffs.
Adani Power, which acquired Udupi Power Corporation (UPCL) from Lanco Infratech early last year, is set to expand its capacity to 2,800 MW from the present 1,200 MW…
The company says quarterly numbers were not fully comparable to the corresponding period a year ago due to a stake sale, mergers of solar power units and the acquisition of UPCL
Adani Power has reported that its consolidated net loss for the September quarter narrowed to Rs 369.08 crore helped by higher sale of electricity.
Adani Power Ltd is considering raising funds through issuance of shares on preferential basis to promoters.
Indian Railways on Thursday agreed with Adani Power for purchasing 50 MW power under its new policy of competitive bidding-based procurement, dropping its practice of buying from state-owned enterprises.
Indian Railways on Thursday signed memorandum of understanding with Adani Power Ltd., to buy electricity to run its trains, as part of its plans to purchase electricity from private power producers through competitive bidding route at cheaper rates and trim its costs.
Normalised Ebitda miss and net loss were substantially higher for Adani Power in Q1FY16 compared Nomura and consensus forecast.
Ventura Power Investments Pvt Ltd has pledged 7,77,37,201 shares in Adani Power Ltd to IDBI Trusteeship Services Ltd.