Adani Power purchases 24% of JP Power, thermal plant in Rs 4,193-crore deal
The total consideration amounts to Rs 4,193 crore, including the Rs 2,993.6 crore paid for the 24% stake in JVPL.
The total consideration amounts to Rs 4,193 crore, including the Rs 2,993.6 crore paid for the 24% stake in JVPL.
Adani Power Ltd officially announced here on Wednesday that it posted a 52.34% increase in profit to Rs 4,017 crore for the March quarter (FY26 Q4), as compared to Rs 2,637 crore in the year-ago period.
According to a regulatory filing to the stock exchange, Adani Power's 100% owned subsidiary AAEL was incorporated with an authorised capital of Rs 5,00,000 which amounts to 50,000 equity shares of Rs 10 each on February 11, 2026.
Consolidated revenue from operations fell by 8.9% to Rs 12,451 crore year-on-year (Y-o-Y) from Rs 13,671 crore and on a sequential basis, revenue dropped 7.5% from Rs 13,456.84 crore.
The development came after the Mumbai Bench of the National Company Law Tribunal (NCLT) approved a resolution plan for VIPL on June 18, according to the statement. After this acquisition, Adani Power Ltd has an operating capacity of 18,150 MW.
Adani Power Ltd on Saturday said it has won a tightly-contested bid to supply 1500 MW (net) of thermal power to Uttar Pradesh.
BHEL has maintained its leadership by winning orders worth Rs 81,349 crore in the power sector.
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.
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
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.
