Adani Power Ltd (ADANIPOWER)

Adani Power Share Price Up; Reports Increase in Sales and Net Profit - 24 Jul, 2024

Adani Power's stock price rose by 0.55% to reach Rs 700.8. The company reported a 3.94% QoQ increase in consolidated sales and a net profit of Rs 2737.24 crore for the latest quarter. However, the MACD signaled a bearish bias.

Adani Power Shares Surge Alongside Other Renewable Energy Firms - 23 Jul, 2024

Adani Power's shares have surged over 200% this year alongside other renewable energy firms such as Coal India, JSW Energy, NTPC, and Tata Power. Additionally, Adani Green and Adani Power saw a rise of over 3% each ahead of the Union Budget 2024-25.

Adani Power Promoters Increase Stake and Report Revenue Growth - 21 Jul, 2024

Promoters of Adani Power Limited have increased their stake by 0.96% in Q1FY25, bringing their total holding to 72.71%. The company reported a revenue growth of 30.48% from Q4FY23 to Q4FY24, with profits of Rs. 2,737 Crores.

Adani Power Excluded from Collateral Eligibility List - 16 Jul, 2024

Adani Power has been excluded from the list of eligible collateral for margin funding by the National Stock Exchange (NSE) starting August 1. However, JM Financial expects positive developments in the utility space regarding renewable energy incentives that could benefit Adani Power.

Adani Power Signs Power Purchase Agreement With Reliance Industries - 10 Jul, 2024

Adani Power subsidiary, Mahan Energen, has entered into a 20-year power purchase agreement for 500 MW with Reliance Industries. As part of the agreement, RIL has acquired a 26% stake in one of Mahan Energen's 600 MW thermal power units.

Adani Power Shares Surge 6.74% in Tuesday's Trade - 09 Jul, 2024

Adani Power shares surged by 6.74% to hit a day high of Rs 745, snapping their three-day losing run. Analysts remain positive on the stock and suggest buying it for an upside target of Rs 815-850 levels.

India Urges Power Companies to Order Equipment Worth $33 Billion - 03 Jul, 2024

The Indian government has asked power companies, including Adani Power, to buy equipment worth $33 billion this year to add more coal-fired power in the years ahead. This move is meant to help the country meet its growing electricity demand.

Adani Power Plans to Double Operating Capacity by FY30 - 02 Jul, 2024

Adani Power aims to increase its electricity generation capacity to over 30 GW by 2030 through organic expansions and acquisitions. The company plans to acquire an additional 1 GW of capacity, in addition to the ongoing acquisition of Coastal Energen and Lanco Amarkantak Power, which have a combined capacity of 1.8 GW.