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Adani Energy Solutions logs 17 per cent revenue growth, ends FY24 on a strong note  Adani Energy Solutions Limited (AESL) on Tuesday reported operational revenue at Rs 14,217 crore for the year ended March 31, up 17 per cent (year-on-year) -- registering comparable profit after tax (PAT) at Rs 1,197 crore, up by 12 per cent. Operational EBITDA was at Rs 5,695 crore for the full year, up 7 per cent YoY. The revenue for the January-March period (Q4) was up 17 per cent and EBITDA was at Rs 1,769 crore, which ended 4 per cent higher (year-on-year). "AESL&rsqu...
Adani Energy Solutions logs 17 per cent revenue growth, ends FY24 on a strong note
Adani Energy Solutions logs 17 per cent revenue growth, ends FY24 on a strong note
Source: IANS
2024-05-01 09:46:15 am
Adani Electricity introduces EV `Share Charge` for Mumbai housing societies The Adani Electricity Mumbai Ltd has launched the ‘Share Charge’ initiative, simplifying electric vehicle charging in residential complexes in the city, an official spokesperson said here on Tuesday. The innovative technology eliminates the complexities of individual EV charging and offers a streamlined, cost-effective, sustainable solution, said the company. Adani Electricity is rapidly rolling out 8,500 such chargers and installing them in 4,000 housing societies in suburb...
Adani Electricity introduces EV `Share Charge` for Mumbai housing societies
Adani Electricity introduces EV `Share Charge` for Mumbai housing societies
Source: IANS
2024-03-19 03:44:11 pm
Discoms`rating: Scoring 99.9 out of 100, Adani Electricity Mumbai retains top rank Adani Electricity Mumbai Ltd has retained the top position in the Union Power Ministry's 12th Annual Integrated Rating & Ranking for various parameters, an official spokesperson said here on Tuesday. Adani Electricity Mumbai scored 99.9 out of 100 in performance, outshining 54 other electricity distribution companies all over India. It hit a bull’s eye with a perfect score of 75/75 in financial sustainability due to its prudent cash management and healthy debt metrics. ...
Discoms`rating: Scoring 99.9 out of 100, Adani Electricity Mumbai retains top rank
Discoms`rating: Scoring 99.9 out of 100, Adani Electricity Mumbai retains top rank
Source: IANS
2024-03-13 09:35:15 am
Adani Electricity Mumbai tops Centre`s discom ranking Adani Electricity Mumbai has topped the rating list of India's 55 power distribution companies (discoms) released by the Union Power Ministry on Monday. The 12th Edition of Integrated Rating of Discoms, which evaluated the performance of 55 electricity distribution utilities, rated 12 utilities with the highest ranking of A+. In the list, Torrent Power Surat ranked at the second position, Torrent Power Ahmedabad at the third position, followed by Gujarat's state power utilities ...
Adani Electricity Mumbai tops Centre`s discom ranking
Adani Electricity Mumbai tops Centre`s discom ranking
Source: IANS
2024-03-12 10:37:30 am
Tata Power consumers in Mumbai set to shell out more for electricity from April Tata Power's Mumbai customers will have to pay higher electricity bills from April 1 as power regulator Maharashtra Electricity Regulatory Commission (MERC) has approved an average tariff increase of around 24 per cent as against 12 per cent claimed by the power distributor. The present tariff hike is necessitated as there was under-recovery due to a stay on tariff as determined in the MTR (mid-term review) Order for FY 2023-24. Had there been no stay, the tariff for FY 2024-25 woul...
Tata Power consumers in Mumbai set to shell out more for electricity from April
Tata Power consumers in Mumbai set to shell out more for electricity from April
Source: IANS
2024-03-08 09:43:12 am
Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments The Adani Portfolio of companies on Thursday reported a record quarterly profit growth of 63.6 per cent (year-on-year), as trailing 12-month EBITDA (as of December 2023) stood at Rs 78,823 crore ($9.5 billion), which is 2.5 times the EBITDA in FY21 and 37.8 per cent higher than FY23 EBITDA. The company said that high liquidity is maintained with a healthy cash balance of Rs 44,572 crore ($5.4 billion) at the end of December 31, 2023. The core infrastructure platform generated Rs 66,208 ...
Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments
Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments
Source: IANS
2024-03-01 09:56:28 am
Adani Electricity unveils India`s First Advanced Distribution Management System (ADMS) in Mumbai The Adani Electricity Mumbai Ltd has launched the country’s first state-of-the-art Advanced Distribution Management System to fix power supply glitches within a short time for its 31.50 lakh consumers, officials said here. The Network Operations Centre (NOC) -- which can locate a power disruption within seconds in its entire jurisdiction before it can lead to a large power outage -- has come up at Powai. The NOC can also predict and prevent power outages to help quick remedial act...
Adani Electricity unveils India`s First Advanced Distribution Management System (ADMS) in Mumbai
Adani Electricity unveils India`s First Advanced Distribution Management System (ADMS) in Mumbai
Source: IANS
2024-02-13 10:23:52 am
Sunshine, wind and AI help Adani Electricity `curb` Mumbaikars' power bills The Adani Electricity Mumbai Ltd is in its endeavour to ease the consumer's stress in Mumbai is making good use of abundant bright sunshine, merrily blowing winds and a smart dosage of 'Artificial Intelligence'. This in contrast to the volatile market forces that impact traditional sources like coal and gas, resulting in unpredictable price fluctuations, leaving the citizens to grapple rising fuel costs and hike in tariffs. AMEL officials claim the game is simple – tha...
Sunshine, wind and AI help Adani Electricity `curb` Mumbaikars' power bills
Sunshine, wind and AI help Adani Electricity `curb` Mumbaikars' power bills
Source: IANS
2024-02-05 03:41:33 pm
Adani Electricity tops National Consumer Service Ratings among Mumbai discoms  The Adani Electricity Mumbai Ltd (AEML) garnered 'A' ranking in the Consumer Service Ratings-2023 among 62 distribution companies across India, released by the Ministry of Power, an official said here on Friday. The report has credited AEML with 24x7 power for its 31.5 lakhs customers in Mumbai, averaging 24 hours daily, exceeding the national average of 23.59 hours, and with minimal outages, clocking an Interruption Index of 0.20 against the national average of 200.15. AE...
Adani Electricity tops National Consumer Service Ratings among Mumbai discoms
Adani Electricity tops National Consumer Service Ratings among Mumbai discoms
Source: IANS
2024-02-03 09:46:02 am
S&P Global upgrades Adani Ports, Adani Electricity on cash flow optimism S&P Global Ratings revised its outlook for India's Adani Ports and Special Economic Zone and Adani Electricity Mumbai to stable from negative on signs of robust cash flow in the next 12 to 24 months. Adani Ports' ratio of adjusted net debt to earnings before interest, tax, depreciation and amortization - a measure of its ability to pay off liabilities - is expected to be in the range of 3x to 4x over the next two years, S&P said. For Adani Electricity, the agency expects...
S&P Global upgrades Adani Ports, Adani Electricity on cash flow optimism
S&P Global upgrades Adani Ports, Adani Electricity on cash flow optimism
Source: Reuters
2024-01-23 09:22:14 am
Adani Electricity notched high-powered show in 2023; energises for 2024 The Adani Electricity Mumbai Ltd (AEML) recorded a high-voltage performance in 2023 and is looking forward to an energetic show even in 2024, officials said here on Saturday. AEML supplies nearly 2000 MW power daily to over three million consumers spread across 400 square kms in Mumbai and suburbs with 99 per cent reliability, ranking among the highest in the country. Without a shudder, the AEML catered to a bumper peak demand for power on June 9 - supplying 2,160 MW on a single day to ...
Adani Electricity notched high-powered show in 2023; energises for 2024
Adani Electricity notched high-powered show in 2023; energises for 2024
Source: IANS
2024-01-06 12:28:45 pm
AEML to supply power to Mumbai SEEPZ at low prices from November 1 The Adani Electricity Mumbai Ltd (AEML) has won a bid to supply power at competitive prices to the SEZ, Santacruz Electronic Export Processing Zone (SEEPZ) in Mumbai, starting November1, officials said here on Tuesday. With this, around 500 big and small companies in SEEPZ, which require around 40-45 MW power daily, shall get slashed tariffs from Adani Electricity, proving to be a boost to the trade and industry centred here. The move culminates several years of efforts on the part of S...
AEML to supply power to Mumbai SEEPZ at low prices from November 1
AEML to supply power to Mumbai SEEPZ at low prices from November 1
Source: IANS
2023-11-01 11:01:46 am
Puravankara zooms on logging 2-fold jump in sales value in Q2FY24 Puravankara is currently trading at Rs. 138.45, up by 14.85 points or 12.01% from its previous closing of Rs. 123.60 on the BSE.The scrip opened at Rs. 124.95 and has touched a high and low of Rs. 141.05 and Rs. 124.40 respectively. So far 181890 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 141.05 on 10-Oct-2023 and a 52 week low of Rs. 59.35 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 141.05 and Rs. 12...
Puravankara zooms on logging 2-fold jump in sales value in Q2FY24
Puravankara zooms on logging 2-fold jump in sales value in Q2FY24
Source: Accord Fintech
2023-10-10 12:32:33 pm