Adani Power

Lanco Infra, Adani Power gain up to 5% on power plant deal

LancoMumbai: Shares of Lanco Infratech and Adani Power gained as much as 5 percent on Thursday following a mega deal for a power plant between the two companies.

Adani Power will acquire Lanco Infratech's 1,200 MW Udupi thermal plant in a deal worth over Rs 6,000 crore.

Lanco Infratech's scrip rose by 4.92 percent to Rs 8.95 on the BSE.

Similarly, shares of Adani Power gained 3.65 percent to Rs 53.95.

Adani Power would acquire Lanco Infratech's 1,200 MW imported coal-fired Udupi thermal power plant in Karnataka.

Adani Powers posts lower Q3 loss at Rs.426 crore

Adani-PowerAhmedabad, Jan 27 : Adani Power Ltd (APL) Monday posted a 15.9 percent recovery on its standalone net losses, at Rs. 426 crore for the third quarter ended December. It had registered a net loss of Rs. 507 crore in the corresponding quarter of the previous year.

APL's losses have recovered to one of the lowest so far in the current fiscal on the back of an improved plant load factor (PLF) of 75 percent, it said in a filing to the Bombay Stock Exchange (BSE).

For the nine month period of the current fiscal, Adani Power has posted a standalone net loss of Rs. 2,255 crore against Rs. 1,525 crore in the same period of last fiscal

CERC permits Adani to pass on additional costs through higher tariffs

CERC permits Adani to pass on additional costs through higher tariffsThe Central Electricity Regulatory Commission (CERC) has allowed Adani Power to charge a compensatory tariff from its customers to offset additional fuel costs arising from the recent increase in Indonesian coal price.

Adani Power will now be able to pass on additional costs through higher tariffs for electricity from its Gujarat-based Mundra plant, until conditions of coal supply improve.

Adani Power net loss in Q3 Rs.619 crore

Adani-PoweNew Delhi, Jan 28 : Adani Power Monday reported a consolidated net loss of Rs. 619 crore for the third quarter ending December 2012, mainly owing to higher prices of imported coal.

The company had a consolidated net loss of Rs. 356.3 crore in the quarter ended December 2011.

The net loss in the December 2012 quarter widened to Rs. 507 crore from Rs. 358 crore in the same period a year ago.

The last quarter's loss was mainly "due to higher imported coal prices and non-availability of transmission line", Adani Power said in a statement.

Adani Enterprises to hike its stake in Adani Power from 68% to 75%

Adani Enterprises to hike its stake in Adani Power from 68% to 75%Adani Enterprises Ltd (AEL) on Thursday announced its decision to increase its subsidiary Adani Power from existing 68 per cent to 75 per cent.

AEL said in a statement that they decided to invest more in Adani Power despite overall negative sentiment towards power sector because they see a strong potential there.

Devang Desai, chief financial officer of Adani Group, "There is an overall negative sentiment towards power sector so we felt we need to show that we support and back the plans of Adani Power."

Hold Adani Power with target of Rs 125

Adani-PowerTechnical analyst KRChoksey has declared hold rating on Adani Power (ADPL) with a long term target of Rs 125.

Today, the stock of Adani Power opened at Rs 110.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 144.55 and a low of Rs 106.60 on BSE.

However, the company has announced Q3FY2011 results which were below their expectations. The total sales reported at Rs 503 crore compared to their guidance of Rs 542 crore.

Long Term Buy Call For Adani Power

Long Term Buy Call For Adani PowerStock market analyst Gaurang Shah of Geojit BNP Paribas has maintained 'buy' rating on Adani Power Ltd stock with long term target of Rs 160.

According to analyst, the investors can achieve the said target within period of 12-18 months.

The stock of the company, on Sep 01, closed at Rs 138.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 144.45 and a low of Rs 92 on BSE.

Adani Power announced that by 2014-end, the company's power generation capacitance would be more than 16,000 megawatts.

Adani Power to sell 1,200 MW to Maharashtra

Adani Power to sell 1,200 MW to Maharashtra  Mumbai, Dec 23 : Electricity generation company Adani Power Wednesday said it has won a long-term contract to supply 1,200 MW to state-run Maharashtra State Electricity Distribution Co.

"This is one more achievement for Adani Power, coming close on the heels of letter of intent of 1,200 MW from Rajasthan utilities. With this, the total long-term power selling agreement firmed up comes to 7,100 MW," said the company in a regulatory statement.

Adani Power plans to generate up to 10,000 MW by 2014 and increase it to 20,000 MW by 2020.

Petron Engineering wins order worth Rs 154 crore, Stock up 20%

Petron Engineering wins order worth Rs 154 crore, Stock up 20%Mumbai-based Petron Engineering Construction has secured an order worth Rs 154.42 crore from PowerGen Infrastructure for construction related works.

The scope of work includes erection and associated works of Boiler, Auxiliaries and TG Auxiliaries of Unit No. 1 and 3 out of 3 x 660 MW Tiroda Thermal Power Project of Adani Power Maharashtra at Tiroda, Dist Gondia, Maharashtra.

Adani Power IPO gets final subscription of 21.51 times

Adani Power IPO gets final subscription of 21.51 timesThe initial public offer of Adani Power, which closed on Friday, has finally received subscription at 21.51 times the actual offer.

According to NSE website, the issue received bids for more than 535 crore shares as against the issue size of 30,16,52,031 shares.

Adani Power IPO was open on July 28, and the price band of IPO has been fixed between Rs 90-100.

Adani IPO gets overwhelming response

Kevan Watts (left), Country Head, Bank of America-Merrill Lynch, with Gautam Adani, Chairman, Adani PowerGautam Adani's power company recorded overwhelming response from the primary market, as investors subscribed the issue nearly three times during the first half hour at the Bombay Stock Exchange.

The issue received bids for 704.16 million shares as compared to the issue size of 248.79 million shares, majority of which were demanded by T. Rowe Price International Inc.

Adani Power IPO To Hit Market On July 28: Nirmal Bang

Adani Power IPO To Hit Market On July 28: Nirmal BangAdani Power Ltd. (APL) is a power project development company, which is developing, and will operate and maintain, power projects in India. The company has four thermal power projects under various stages of development, with a combined installed capacity of 6,600 MW. In addition, the company is also planning to develop two power projects with a combined installed capacity of 3,300 MW. APL intends to sell the power generated from these projects under a combination of long?term power purchase agreements to industrial and state?owned consumers and on merchant basis.

Adani Power IPO to open on July 28

Adani Power IPO to open on July 28Adani Power, a subsidiary of Gujarat-based conglomerate Adani group, has plans to tap the capital markets on July 28 with an initial public offering of 301,652,031 equity shares of Rs 10 each at a price to be decided through the book-building process.

The issue would constitute 13.84% of the post-issue paid-up capital, which includes a reservation of up to 8,000,000 shares for employees.

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