Powered by: Motilal Oswal

News

Adani Power sparkles on achieving exceptional score in corporate sustainability assessment Adani Power is currently trading at Rs. 567.55, up by 7.35 points or 1.31% from its previous closing of Rs. 560.20 on the BSE. The scrip opened at Rs. 563.40 and has touched a high and low of Rs. 587.70 and Rs. 542.45 respectively. So far 2390476 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 417.10 on 30-Nov-2023. Last one week high and low of the scrip stood at ...
Adani Power sparkles on achieving exceptional score in corporate sustainability assessment
Adani Power sparkles on achieving exceptional score in corporate sustainability assessment
Source: Accord Fintech
2024-11-29 03:37:58 pm
Adani Power in top 80 percentile of global electric utilities in S&P Global CSA score Adani Power on Thursday said 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 Adani Power's own FY23 score of 48. With this score, Adani Power Ltd (APL) is in the top 80 percentile of all global electric utilities. In several elements of CSA score like human rights, transparency and reporting, water, and waste and pollut...
Adani Power in top 80 percentile of global electric utilities in S&P Global CSA score
Adani Power in top 80 percentile of global electric utilities in S&P Global CSA score
Source: IANS
2024-11-29 09:14:20 am
Adani Power gains as India Ratings upgrades its term loan, working capital facilities to `AA/Stable` Adani Power is currently trading at Rs. 529.50, up by 2.90 points or 0.55% from its previous closing of Rs. 526.60 on the BSE. The scrip opened at Rs. 532.75 and has touched a high and low of Rs. 537.50 and Rs. 525.85 respectively. So far 158887 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 380.10 on 23-Nov-2023. Last one week high and low of the scrip stood at R...
Adani Power gains as India Ratings upgrades its term loan, working capital facilities to `AA/Stable`
Adani Power gains as India Ratings upgrades its term loan, working capital facilities to `AA/Stable`
Source: Accord Fintech
2024-11-19 03:04:16 pm
Adani Power logs 20 pc growth in continuing revenue at Rs 28,517 cr in H1 FY25 Adani Power on Monday reported 20 per cent growth (year-on-year) in continuing revenue at Rs 28,517 crore in the first half of this fiscal (HI FY25) and 10.8 per cent growth to Rs 13,465 crore in Q2 FY25.  Continuing profit before tax (PBT) grew 69 per cent to Rs 8,020 crore in H1 FY25 and 44.8 per cent to Rs 3,537 crore in Q2 FY25, said the company. “Adani Power has embarked on the next phase of its growth journey, swiftly achieving capacity expansion milestones and securing...
Adani Power logs 20 pc growth in continuing revenue at Rs 28,517 cr in H1 FY25
Adani Power logs 20 pc growth in continuing revenue at Rs 28,517 cr in H1 FY25
Source: IANS
2024-10-29 09:26:28 am
Adani Power`s bid for KSK Mahanadi Power forces other bidders to raise offers After Adani Power, which submitted a bid of Rs 12,500 crore for the acquisition of the KSK Mahanadi Power plant in Chhattisgarh, other bidders have revised their offers upwards and the final number could be much higher, according to reports.   Following the implementation of the Committee of Creditors (CoC) Challenge Mechanism, lenders to the distressed power plant are now hopeful of a full recovery from the non-performing asset, an extremely rare feat in the Insolvency and Bankruptcy...
Adani Power`s bid for KSK Mahanadi Power forces other bidders to raise offers
Adani Power`s bid for KSK Mahanadi Power forces other bidders to raise offers
Source: IANS
2024-10-26 09:39:45 am
Bangladesh likely to keep power deal with India’s Adani, sources say Bangladesh is likely to set aside pricing concerns and retain a power purchase pact with India’s Adani Power, in the face of supply worries and gloomy prospects for a legal challenge, two sources with direct knowledge of the matter said. The new government has set up a panel to gauge whether its predecessor's contracts adequately protected the nation's interests, particularly projects faulted for lack of transparency that were initiated under a special expediting law. One ...
Bangladesh likely to keep power deal with India’s Adani, sources say
Bangladesh likely to keep power deal with India’s Adani, sources say
Source: Reuters
2024-10-11 11:09:54 am
Adani Power rises on inking agreement to acquire entire equity shares of OTEPL Adani Power is currently trading at Rs. 659.25, up by 4.95 points or 0.76% from its previous closing of Rs. 654.30 on the BSE. The scrip opened at Rs. 654.30 and has touched a high and low of Rs. 661.85 and Rs. 650.05 respectively. So far 144715 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 289.30 on 26-Oct-2023. Last one week high and low of the scrip stood at R...
Adani Power rises on inking agreement to acquire entire equity shares of OTEPL
Adani Power rises on inking agreement to acquire entire equity shares of OTEPL
Source: Accord Fintech
2024-09-30 11:22:07 am
Ion Exchange (India) zooms on securing contracts worth Rs 161.19 crore from Adani Power Ion Exchange (India) is currently trading at Rs. 696.75, up by 49.65 points or 7.67% from its previous closing of Rs. 647.10 on the BSE. The scrip opened at Rs. 671.55 and has touched a high and low of Rs. 709.30 and Rs. 666.00 respectively. So far 110569 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 767.00 on 26-Jul-2024 and a 52 week low of Rs. 407.00 on 04-Jun-2024. Last one week high and low of the scrip s...
Ion Exchange (India) zooms on securing contracts worth Rs 161.19 crore from Adani Power
Ion Exchange (India) zooms on securing contracts worth Rs 161.19 crore from Adani Power
Source: Accord Fintech
2024-09-19 10:54:00 am
Adani Power zooms on the BSE Adani Power is currently trading at Rs. 673.20, up by 39.65 points or 6.26% from its previous closing of Rs. 633.55 on the BSE. The scrip opened at Rs. 660.95 and has touched a high and low of Rs. 681.30 and Rs. 650.15 respectively. So far 718292 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 289.30 on 26-Oct-2023. Last one week high and low of the scrip stood at ...
Adani Power zooms on the BSE
Adani Power zooms on the BSE
Source: Accord Fintech
2024-09-16 10:27:59 am
Adani Portfolio companies to supply 6,600 MW hybrid solar and thermal power to Maharashtra Adani Green Energy Ltd (AGEL) and Adani Power Ltd (APL) have won the bid to supply 6,600 MW of hybrid solar and thermal power to Maharashtra, it was announced on Sunday.  Adani Green will sign a long-term power purchase agreement (PPA) with the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the supply of 5,000 MW (5GW) solar power to the state. The solar power supply will come from the world’s largest renewable energy park being developed at Khavda in Kut...
Adani Portfolio companies to supply 6,600 MW hybrid solar and thermal power to Maharashtra
Adani Portfolio companies to supply 6,600 MW hybrid solar and thermal power to Maharashtra
Source: IANS
2024-09-15 01:53:08 pm
Adani Group honoured in TIME’s World’s Best Companies of 2024 Leading integrated business conglomerate Adani Group on Friday said it has been featured in TIME magazine’s prestigious ‘World’s Best Companies of 2024’ list.  The list was prepared in collaboration with Statista, a global industry ranking and statistics portal.  Notably, eight out of 11 listed Adani portfolio companies were considered in the evaluation, reflecting a comprehensive performance across the group. The other three listed companies are subsid...
Adani Group honoured in TIME’s World’s Best Companies of 2024
Adani Group honoured in TIME’s World’s Best Companies of 2024
Source: IANS
2024-09-14 09:05:14 am
Adani Power surges on incorporating wholly owned subsidiary in Abu Dhabi Adani Power is currently trading at Rs. 669.45, up by 8.05 points or 1.22% from its previous closing of Rs. 661.40 on the BSE. The scrip opened at Rs. 665.00 and has touched a high and low of Rs. 670.50 and Rs. 663.15 respectively. So far 44711 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 289.30 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs...
Adani Power surges on incorporating wholly owned subsidiary in Abu Dhabi
Adani Power surges on incorporating wholly owned subsidiary in Abu Dhabi
Source: Accord Fintech
2024-08-27 10:30:29 am
BHEL gains on signing contract agreement with Adani Power, subsidiary BHEL is currently trading at Rs. 298.75, up by 2.60 points or 0.88% from its previous closing of Rs. 296.15 on the BSE. The scrip opened at Rs. 299.45 and has touched a high and low of Rs. 303.90 and Rs. 294.80 respectively. So far 504794 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 335.40 on 09-Jul-2024 and a 52 week low of Rs. 105.05 on 25-Aug-2023. Last one week high and low of the scrip stood at Rs. 303.9...
BHEL gains on signing contract agreement with Adani Power, subsidiary
BHEL gains on signing contract agreement with Adani Power, subsidiary
Source: Accord Fintech
2024-08-26 10:41:53 am
Adani Power gains on getting NCLT`s nod to acquire Lanco Amarkantak Power Adani Power is currently trading at Rs. 677.50, up by 3.65 points or 0.54%, from its previous closing of Rs. 673.85 on the BSE. The scrip opened at Rs. 685.50 and has touched a high and low of Rs. 689.00 and Rs. 676.00 respectively. So far 289331 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 289.30 on 26-Oct-2023. Last one week high and low of the scrip stood at ...
Adani Power gains on getting NCLT`s nod to acquire Lanco Amarkantak Power
Adani Power gains on getting NCLT`s nod to acquire Lanco Amarkantak Power
Source: Accord Fintech
2024-08-23 12:41:36 pm
Adani Power says it is committed to supplying electricity to Bangladesh  Adani Power said on Thursday it was committed to supplying electricity to Bangladesh, saying a recent amendment to power export rules does not affect its existing contract. The amendment by the government facilitates connectivity to the Indian grid but does not impose any obligation on India to buy electricity, Adani Power said in a statement. "Adani Power is committed to fulfil contractual obligations as per Bangladesh Power Development Board's demand schedule and provis...
Adani Power says it is committed to supplying electricity to Bangladesh
Adani Power says it is committed to supplying electricity to Bangladesh
Source: Reuters
2024-08-15 02:01:55 pm
Adani Power declines on logging 55% fall in Q1 consolidated net profit Adani Power is currently trading at Rs. 721.50, down by 13.00 points or 1.77% from its previous closing of Rs. 734.50 on the BSE. The scrip opened at Rs. 719.50 and has touched a high and low of Rs. 729.65 and Rs. 715.30 respectively. So far 743589 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 260.40 on 02-Aug-2023. Last one week high and low of the scrip stood a...
Adani Power declines on logging 55% fall in Q1 consolidated net profit
Adani Power declines on logging 55% fall in Q1 consolidated net profit
Source: Accord Fintech
2024-08-01 12:33:41 pm
Adani Power clocks 95 pc rise in consolidated continuing PBT in Q1, power sale volume up 38 pc Adani Power reported on Wednesday that its consolidated continuing profit before tax (PBT) grew 95 per cent to Rs 4,483 crore in the April-June quarter against Rs 2,303 crore in the same period last year due to higher reported EBITDA and lower finance cost.  The company said its consolidated power sale volume stood at 24.1 billion units (BU) in Q1 FY25, up by 38 per cent from 17.5 billion units in Q1 FY24 due to improved power demand and larger effective operating capacity. “...
Adani Power clocks 95 pc rise in consolidated continuing PBT in Q1, power sale volume up 38 pc
Adani Power clocks 95 pc rise in consolidated continuing PBT in Q1, power sale volume up 38 pc
Source: IANS
2024-07-31 05:27:08 pm
India Inc sees resilient investments at $6.7 billion across key sectors in May India Inc saw resilient private equity (PE) investments amid elections as the month of May witnessed 145 deals worth $6.7 billion, a report showed on Thursday. The key sectors like real estate, e-commerce, healthcare, and financial services saw a surge in investments, according to the report by Grant Thornton Bharat Dealtracker. “The surge in PE deal values, driven by investments in select sectors despite stable volumes, signals resilience in the market,” said Shanthi Vijeth...
India Inc sees resilient investments at $6.7 billion across key sectors in May
India Inc sees resilient investments at $6.7 billion across key sectors in May
Source: IANS
2024-06-06 04:26:14 pm
Adani Power soars on acquiring 99.8% stake in Mirzapur Thermal Energy Adani Power soars on acquiring 99.8% stake in Mirzapur Thermal Energy Adani Power is currently trading at Rs. 781.20, up by 55.05 points or 7.58% from its previous closing of Rs. 726.15 on the BSE. The scrip opened at Rs. 749.00 and has touched a high and low of Rs. 785.90 and Rs. 746.00 respectively. So far 392822 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 23...
Adani Power soars on acquiring 99.8% stake in Mirzapur Thermal Energy
Adani Power soars on acquiring 99.8% stake in Mirzapur Thermal Energy
Source: Accord Fintech
2024-06-06 11:05:25 am
BHEL bags Rs 3,500 crore order from Adani Power for Raipur TPP project The Bharat Heavy Electricals Ltd (BHEL) said on Wednesday that it has secured a Rs 3,500 crore order from Adani Power Limited for setting up a 1,600 MW thermal power plant (TPP) at Raipur, Chhattisgarh.  "Bharat Heavy Electricals Limited (BHEL) has received an order from Adani Power Ltd (APL) for setting up the 2x800 MW TPP at Raipur, Chhattisgarh," the public sector giant said in a regulatory filing. "The nature of the order is supply of equipment – boiler, tu...
BHEL bags Rs 3,500 crore order from Adani Power for Raipur TPP project
BHEL bags Rs 3,500 crore order from Adani Power for Raipur TPP project
Source: IANS
2024-06-06 10:11:33 am
India`s NTPC posts Q4 profit rise on sturdy power demand  India's National Power Thermal Corp (NTPC) reported higher fourth-quarter profit on Friday, fueled by strong domestic power demand. Consolidated net profit for the country's top power producer grew 27% to 61.69 billion rupees (about $743 million) in the three months to March 31. A rise in earnings comes as India witnessed heightened temperatures in the quarter, leading to a surge in electricity demand as a need for cooling appliances grew. Meanwhile, the country's e...
India`s NTPC posts Q4 profit rise on sturdy power demand
India`s NTPC posts Q4 profit rise on sturdy power demand
Source: Reuters
2024-05-25 10:31:54 am
Adani Power logs 37 per cent revenue growth in FY24, consolidated PBT more than doubled Adani Power on Wednesday reported 37 per cent growth (year-on-year) in revenue at Rs 50,960 crore for FY24, as continuing EBITDA more than doubled to Rs 18,789 crore. Consolidated profit before tax (PBT) for FY24 more than doubled to Rs 20,792 crore as compared to Rs 7,675 crore in the previous fiscal year. For the fourth quarter (Q4), the revenue surged 29 per cent to Rs 13,787 crore (on-year), and EBITDA more than doubled to Rs 5,273 crore, the company said in a statement. Consolid...
Adani Power logs 37 per cent revenue growth in FY24, consolidated PBT more than doubled
Adani Power logs 37 per cent revenue growth in FY24, consolidated PBT more than doubled
Source: IANS
2024-05-02 09:31:43 am
Reliance Industries invests in Mahan Energen, a wholly-owned subsidiary of Adani Power An investment agreement has been entered into among Mahan Energen Limited (MEL), a wholly owned subsidiary of Adani Power Limited (APL), Reliance Industries Limited (RIL) and APL, in terms of which RIL has agreed to subscribe and MEL has agreed to allot 5 crore equity shares with face value of Rs 10 each to RIL at par. RIL said in a filing that the proposed investment by the company is in compliance with the provisions of Electricity Rules, 2005 in terms of which the company, as a captive ...
Reliance Industries invests in Mahan Energen, a wholly-owned subsidiary of Adani Power
Reliance Industries invests in Mahan Energen, a wholly-owned subsidiary of Adani Power
Source: IANS
2024-03-28 03:56:20 pm
BHEL gains on bagging order worth Rs 4,000 crore from Adani Power Bharat Heavy Electricals is currently trading at Rs. 246.85, up by 3.95 points or 1.63% from its previous closing of Rs. 242.90 on the BSE. The scrip opened at Rs. 252.00 and has touched a high and low of Rs. 253.35 and Rs. 246.70 respectively. So far 684642 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 271.90 on 06-Mar-2024 and a 52 week low of Rs. 67.63 on 06-Apr-2023. Last one week high and low of the scrip...
BHEL gains on bagging order worth Rs 4,000 crore from Adani Power
BHEL gains on bagging order worth Rs 4,000 crore from Adani Power
Source: Accord Fintech
2024-03-28 10:34:09 am
Exclusive-Indian firms look to bet big on coal-fired power after long absence Private Indian firms have expressed interest in building at least 10 gigawatts (GW) of coal-fired power capacity over a decade, four sources familiar with the matter said, ending a six-year drought in significant private involvement in the sector. Adani Power, JSW Group and Essar Power are among the companies that have told India's power ministry they would be keen to expand old plants or develop stalled projects facing financial stress, according to the sources and a government presen...
Exclusive-Indian firms look to bet big on coal-fired power after long absence
Exclusive-Indian firms look to bet big on coal-fired power after long absence
Source: Reuters
2024-03-05 02:10:16 pm
Power stocks sparkle on prospects of rise in power demand Power sector stocks sparkled on the BSE, after Central Electricity Authority Chairperson Ghanshyam Prasad has said that peak power demand in the country is estimated to rise by 7 percent year-on-year to 260 GW this summer. The peak power demand during the summer of 2023 touched 243 GW against a projection of 229 GW. Tata Power Company is currently trading at Rs. 397.50, up by 5.80 points or 1.48% from its previous closing of Rs. 391.70 on the BSE. NTPC is currently trading at Rs. 357.50...
Power stocks sparkle on prospects of rise in power demand
Power stocks sparkle on prospects of rise in power demand
Source: Accord Fintech
2024-03-05 01:39:20 pm
India seeks $26 billion of private nuclear power investments India will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don't produce carbon dioxide emissions, two government sources told Reuters. This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India's total electricity generation. The funding would help India to achieve its target of having 50% of its ins...
India seeks $26 billion of private nuclear power investments
India seeks $26 billion of private nuclear power investments
Source: Reuters
2024-02-21 12:48:48 pm
India`s Tata Power posts marginal Q3 profit climb as costs weigh on demand India's Tata Power reported marginally higher third-quarter profit on Friday, as higher costs weighed on strong energy demand. The power transmission company reported a consolidated net profit of 9.53 billion rupees ($114.8 million), up a modest 0.8% from last year. Higher power purchase and raw material costs ate into the company's revenue growth, which was buoyed by strong industrial output-driven power demand. Its expenses rose 3.7% to 142.54 billion rupees, while revenue ...
India`s Tata Power posts marginal Q3 profit climb as costs weigh on demand
India`s Tata Power posts marginal Q3 profit climb as costs weigh on demand
Source: Reuters
2024-02-09 05:39:47 pm
Adani Power gains on incorporating special purpose vehicle Adani Power is currently trading at Rs. 563.00, up by 2.90 points or 0.52% from its previous closing of Rs. 560.10 on the BSE. The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 567.90 and Rs. 557.55 respectively. So far 63813 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 589.30 on 06-Dec-2023 and a 52 week low of Rs. 132.55 on 28-Feb-2023. Last one week high and low of the scrip stood at Rs...
Adani Power gains on incorporating special purpose vehicle
Adani Power gains on incorporating special purpose vehicle
Source: Accord Fintech
2024-01-31 11:39:36 am
India`s JSW proposes to top Adani`s bid for coal-power plant JSW Energy has proposed to top a bid by Adani Power, led by billionaire Gautam Adani, for a thermal power plant, two sources with direct knowledge of the matter said, as India looks to drum up investment in coal-fired power. The tussle for the 1,980-megawatt plant in central India, ensnared in insolvency proceedings, comes after the power minister called last November for more private investment to meet a dramatic rise in electricity demand. In a letter, JSW Energy has asked India's...
India`s JSW proposes to top Adani`s bid for coal-power plant
India`s JSW proposes to top Adani`s bid for coal-power plant
Source: Reuters
2024-01-12 02:13:00 pm
India`s Adani Group plans $84 billion infra spend over next decade India's Adani Group plans to spend 7 trillion rupees ($84.00 billion) over the next decade on infrastructure projects, Chief Financial Officer Jugeshinder Singh said on Friday. "Our capex will go up to run and develop infrastructure," Singh said, without elaborating on the type of projects the company would undertake. The port-to-power conglomerate runs India's largest private port and is also developing and managing several airports and roads. The billionaire Gauta...
India`s Adani Group plans $84 billion infra spend over next decade
India`s Adani Group plans $84 billion infra spend over next decade
Source: Reuters
2023-12-02 09:30:43 am
Adani Power jumps on reporting over 9-fold jump in Q2 consolidated net profit Adani Power is currently trading at Rs. 383.05, up by 10.30 points or 2.76% from its previous closing of Rs. 372.75 on the BSE. The scrip opened at Rs. 377.00 and has touched a high and low of Rs. 389.50 and Rs. 376.00 respectively. So far 487219 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 410.00 on 12-Sep-2023 and a 52 week low of Rs. 132.55 on 28-Feb-2023. Last one week high and low of the scrip stood at ...
Adani Power jumps on reporting over 9-fold jump in Q2 consolidated net profit
Adani Power jumps on reporting over 9-fold jump in Q2 consolidated net profit
Source: Accord Fintech
2023-11-03 10:49:13 am
Adani Power records over 800% jump in Q2 net profit to Rs 6,594 crore Indian thermal power producer Adani Power reported a near ten-fold surge in second-quarter profit on Thursday, as it benefited from soaring power demand and a tax gain. Shares of Adani Power, part of billionaire Gautam Adani's eponymous conglomerate, jumped as much as 7.7% to 393.4 rupees after the results. They had climbed 51% from July to September. The company's consolidated net profit climbed to 65.94 billion rupees ($792.3 million) in the quarter, helped in part by a tax ga...
Adani Power records over 800% jump in Q2 net profit to Rs 6,594 crore
Adani Power records over 800% jump in Q2 net profit to Rs 6,594 crore
Source: IANS
2023-11-02 04:04:20 pm