Adani Power Ltd

Adani Power Ltd is up for a third straight session in a row. The stock is quoting at Rs 503.35, up 4.16% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73869.34, up 1.2%. Adani Power Ltd has dropped around 0.02% in last one month. Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has dropped around 5.96% in last one month and is currently quoting at 30239.15, up 2.81% on the day. The volume in the stock stood at 47.28 lakh shares today, compared to the daily average of 56.33 lakh shares in last one month.The PE of the stock is 20.2 based on TTM earnings ending December 24.Powered by Capital Market - Live

Adani Power announced that ICRA has assigned 'ICRA AA (Stable) / ICRA A1+' credit rating to the Bank Loan facilities and 'ICRA AA (Stable)' credit rating to the proposed Non-Convertible Debentures ('NCDs') of the Company. Powered by Capital Market - Live

Adani Power announced that CARE Ratings has assigned 'CARE AA; Stable' credit rating to the proposed Non-Convertible Debentures (NCDs) of the Company, and reaffirmed the credit ratings assigned to the Company's bank loan facilities and NCDs at 'CARE AA; Stable/ CARE A1+'. Powered by Capital Market - Live

The Board of Adani Power at its meeting held on 29 January 2025 has approved the raising of funds by way of issuance of such number of equity shares having face value of Rs. 10 each of the Company and / or other eligible securities or any combination thereof (hereinafter referred for an aggregate amount not exceeding Rs. 5,000 crore or an equivalent amount thereof by way of qualified institutions placement (QIP) or other permissible mode in one or more tranches. Powered by Capital Market - Live

The Board of Adani Power at its meeting held on 29 January 2025 has approved enhancement and combination of the previously approved fund-raising limit by way of non convertible debentures (NCDs) from Rs. 5,000 crores to Rs. 11,000 crore, which are to be raised through public issue or private placement, or a mix thereof, and which may be issued in one or more tranche. Powered by Capital Market - Live

Total reported revenue rose 11.1% year on year (YoY) to Rs 14,833.44 crore in the quarter ended 31 December 2024, primarily due to higher volume. Profit before tax (PBT) stood at Rs 4,058.64 crore in third quarter of FY25, grew by 26.42% on YoY basis. The company said, 'Higher one-time prior period income recognition at Rs 1,400 crore in Q3 FY25 due to closure of contractual matters, and recognition of carrying cost income as well as late payment surcharges, leading to a 26.4% growth in PBT over Q3 FY24.' The company's reported EBITDA increased 23.5% to Rs 6,185.18 crore in Q3 FY25 as against to Rs 5,009.17 crore reported in Q3 FY24, supported by higher one-time income. During the quarter, the company and its subsidiaries achieved an average plant load factor (PLF) of 63.9% and power sales volume of 23.3 billion units (BU) on an installed capacity of 17,550 MW, as compared to PLF of 68.6% and power sales volume of 21.5 BU on an installed capacity of 15,250 MW in Q3 FY24. S B Khyalia, CEO, Adani Power, said, 'Adani Power is well on its way to achieve its generation capacity target of 30+ GW by 2030, with rapid progress in underconstruction projects, secure supply chain, and successful bids for long term PPA tie-ups. We are well-positioned to benefit from the attractive opportunities in the Indian thermal power sector and to support its steadily growing power demand. Our high-quality asset portfolio, operating excellence, and execution capabilities set us apart and help us deliver consistent profitability and cash flows. We are taking steps ranging from backward integration into mining to improve our competitiveness and digitalization of our operations to enhance our future-readiness. Our unceasing focus on our ESG efforts has placed us amongst top 15% of our global peers and earned us international recognition.' Meanwhile, the board of directors also approved raising funds through the issuance of equity shares with a face value of Rs 10 each, and/or other eligible securities, or a combination thereof, for an aggregate amount not exceeding Rs 5,000 crore (or its equivalent). This will be done via a qualified institutions placement (QIP) or other permissible methods in one or more tranches, subject to the receipt of necessary approvals. Further, the company's board also approved an increase in the previously approved fund-raising limit through non-convertible debentures (NCDs) from Rs 5,000 crore to Rs 11,000 crore. These funds will be raised via public issue, private placement, or a combination of both, and may be issued in multiple tranches, subject to receiving the necessary regulatory and other approvals. Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India. Powered by Capital Market - Live

Net profit of Adani Power rose 11.66% to Rs 3057.21 crore in the quarter ended December 2024 as against Rs 2737.96 crore during the previous quarter ended December 2023. Sales rose 5.23% to Rs 13671.18 crore in the quarter ended December 2024 as against Rs 12991.44 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales13671.1812991.44 5 OPM %36.7435.76 - PBDT5228.654212.61 24 PBT4058.643210.38 26 NP3057.212737.96 12 Powered by Capital Market - Live

Adani Power will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

Adani Power Ltd is up for a third straight session today. The stock is quoting at Rs 559.3, up 1.79% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77055.77, up 0.43%. Adani Power Ltd has gained around 6.61% in last one month. Meanwhile, Nifty Energy index of which Adani Power Ltd is a constituent, has gained around 5.92% in last one month and is currently quoting at 33821.2, up 1.18% on the day. The volume in the stock stood at 167.88 lakh shares today, compared to the daily average of 84.49 lakh shares in last one month.The PE of the stock is 23.92 based on TTM earnings ending September 24.Powered by Capital Market - Live

Adani Total Gas Ltd, Adani Green Energy Ltd, Home First Finance Company India Ltd, Adani Energy Solutions Ltd are among the other stocks to see a surge in volumes on NSE today, 14 January 2025.Adani Power Ltd witnessed volume of 385.76 lakh shares by 14:14 IST on NSE, a 11.68 times surge over two-week average daily volume of 33.03 lakh shares. The stock increased 17.68% to Rs.529.45. Volumes stood at 53.7 lakh shares in the last session.Adani Total Gas Ltd witnessed volume of 96 lakh shares by 14:14 IST on NSE, a 8.8 times surge over two-week average daily volume of 10.91 lakh shares. The stock increased 8.69% to Rs.682.80. Volumes stood at 17.28 lakh shares in the last session.Adani Green Energy Ltd clocked volume of 146.07 lakh shares by 14:14 IST on NSE, a 7.02 times surge over two-week average daily volume of 20.82 lakh shares. The stock gained 13.47% to Rs.1,009.60. Volumes stood at 26.18 lakh shares in the last session.Home First Finance Company India Ltd recorded volume of 11.59 lakh shares by 14:14 IST on NSE, a 5.96 times surge over two-week average daily volume of 1.95 lakh shares. The stock gained 1.67% to Rs.1,035.45. Volumes stood at 2.92 lakh shares in the last session.Adani Energy Solutions Ltd notched up volume of 83.14 lakh shares by 14:14 IST on NSE, a 5.89 fold spurt over two-week average daily volume of 14.11 lakh shares. The stock rose 13.23% to Rs.779.85. Volumes stood at 14.25 lakh shares in the last session.Powered by Capital Market - Live