Adani Power Ltd
Adani Power Ltd (ADANIPOWER)

Adani Power Ltd (ADANIPOWER)

₹385.62.69%

Key Stats

₹383.85
Day's Price Range
₹397
₹93.6
52-Week Price Range
₹432.5
1 Month Return0.69 %
3 Month Return49.83 %
1 Year Return308.29 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 4
16.57
EPS
Rank 1
₹23.2
BVPS
Rank 8
₹8.99
Dividend Yield
Rank 7
ROE
Rank 8
Price To Book Ratio
Rank 6
42.77
Debt To Asset
Rank 2
0.83

Company Information

Adani Power Ltd is engaged in power generation and setting up of power projects. The company is a part of the Adani Group. The company is carrying on the business of generation accumulation distribution and supply of power and to generally deal in electricity and to explore develop generate accumulate supply and distribute or to deal in other forms of energy from any source whatsoever. The company is currently operating an aggregate of 10480 megawatts MW generation capacity comprising of 4620 MW at Mundra Gujarat 3300 MW at Tiroda Maharashtra 1320 MW at Kawai Rajasthan 1200 MW at Udupi Karnataka and 40 MW solar at Kutch Gujarat. Adani Power was the first company to implement and commission 660 MW supercritical technology units in India.Adani Power Ltd was incorporated on August 22 1996 and received a certificate of commencement of business on September 4 1996. The Company was originally incorporated by Mr. Gautam S. Adani and Mr. Rajesh S. Adani together with their relatives. The company became a private limited company on June 3 2002 and the name of the company was subsequently changed to Adani Power Pvt Ltd. In the year 2004 pursuant to internal restructuring amongst the Promoters the entire shareholding of the company was transferred to Mundra Port and Special Economic Zone Ltd MPSEZL. Subsequently on May 29 2006 MPSEZL transferred its entire shareholding in the company to Adani Enterprises Ltd.In December 19 2006 the Government of India GOI granted approval to the companys proposal for development operation and maintenance of the sector specific Special Economic Zone SEZ at Village: Tunda Siracha Taluka Mundra Gujarat. In February 2 2007 the company entered into an agreement PPA with Gujarat Urja Vikas Nigam Ltd GUVNL for supply of power on long term basis. In April 12 2007 the company was thereafter converted into a public limited company and the name of the company was changed to Adani Power Ltd. During the financial year 200910 the company entered the Capital Market with initial public offer IPO of 301652031 equity shares of Rs 10 each at a premium of Rs 90 per share. In August 20 2009 the companys shares were listed on the Bombay Stock Exchange Ltd BSE and National Stock Exchange of India Ltd NSE. The companys power generating units Unit 1 and Unit 2 each of 330 MW of their phase I commenced commercial operations effective from October 1 2009 and March 17 2010 respectively. During the year the company incorporated Adani Pench Power Ltd earlier known as Adani Power MP Ltd as a wholly owned subsidiary company. The company acquired Kutchh Power Generation Ltd and Adani Shipping PTE Ltd Singapore by purchase of all shares of respective companies at face value. Subsequently Adani Shipping PTE Ltd Singapore incorporated Rahi Shipping PTE Ltd Singapore and Vanshi Shipping PTE Ltd Singapore as their wholly owned subsidiary companies.During the year 201011 the companys Power Generating Units of 1320 MW Previous Year 660 MW commenced commercial operations resulting into total power generating capacity to 1980 MW. During the year 201112 the company set up two subsidiaries namely Aanya Maritime Inc Panama and Aashna Maritime Inc Panama. The company alongwith their subsidiaries is implementing various transmission line projects of about 3000 km length. The company intends to sell the power generated from these projects under a combination of longterm PPAs and on merchant basis.In February 2012 the company approved to consolidate the transmission line business of the company in a new entity in order to integrate transmission line projects spread across various entities of Adani Group under one umbrella.On 10 September 2012 Adani Power announced that the phase III of its 4620 MW power plant in Mundra Gujarat consisting of two units of 660 MW each has received carbon credits under the Clean Development Mechanism CDM of the United Nations Framework Convention on Climate Change UNFCCC. This achievement makes the Mundra plant the worlds first coal fired power project to receive carbon credits. With this measure the plant is expected to generate about 1.8 million Certified Emission Reductions CERs each year. Adani Power is expected to earn Rs 600 crore by trading these carbon credits during the first 10 years of its operations.On 19 June 2013 Adani Power announced the commissioning of the third unit of 660 MW of its super critical power plant in Tiroda Maharashtra thus augmenting its total power generation capacity to 7260 MW. The third unit was commissioned within a record time of 20 days from synchronization as against an industry standard of three months.The Board of Directors of Adani Power at its meeting held on 28 December 2013 approved demerger of the transmission line business of the company to its wholly owned subsidiary company WOS subject to requisite approvals.On 31 December 2013 Adani Power announced that its stateoftheart 4620 megawatts MW power plant at Mundra has set a record by attaining the highest generation of 4644 MW making it the only power station of such a gigantic size to reach a significant milestone in electricity production. On 14 January 2014 Adani Power announced the commissioning of its 1320 MW coalfired power plant in Kawai Rajasthan thus completing its project as per the schedule. The project comprises 2 units of 660 MW super critical technology each and the power will be supplied to the state energy utilities as per the PPA signed with the Rajasthan government.On 3 April 2014 Adani Power announced the commissioning of the fourth unit of 660 megawatts MW at its power plant at Tiroda in Maharashtra thus emerging as the largest private power producer in India with an overall installed capacity of 8620 MW. It is a significant milestone in the path to achieve Adani Powers target of generating 20000 MW by 2020.On 24 November 2014 Adani Power announced that it has executed a binding term sheet for the acquisition of 100 shares of Korba West Power Co. Ltd. KWPCL from Avantha Power Infrastructure. KWPCL owns a completed 600 MW coal based power plant at Korba and an expansion phase in progress. Adani Power will endeavor to expand the capacity of KWPCL expeditiously leveraging its project execution capabilities. On 4 March 2015 Adani Power announced that it has signed a definitive Share Purchase Agreement for acquisition of 100 shares of Korba West Power Co. Ltd. KWPCL from Avantha Power Infrastructure. The enterprise value of this deal would be around Rs 4225 crore which would be paid by combination of acquisition debt and cash. The Board of Directors of Adani Power at its meeting held on 16 January 2015 approved the proposal to divest the companys holding of 90.91 equity shares in Adani Transmission India Ltd. to Adani Transmission Ltd a Wholly Owned Subsidiary of Adani Enterprises Ltd. subject to requisite approvals if any.The board of directors of Adani Power APL at its meeting held on 30 January 2015 unanimously approved the scheme of demerger of the diversified businesses of its parent company Adani Enterprises Ltd AEL. The scheme involves the demerger of the Power Undertaking of AEL comprising the undertaking businesses activities operations assets moveable and immoveable and liabilities pertaining to the 40 MW solar power project at Bitta village Kutch district of Gujarat and the investments of AEL in APL into APL. The shareholding of AEL in APL shall be cancelled on the scheme being made effective and APL shall issue new equity shares to the equity shareholders of AEL in the ratio of 18596 equity shares in APL for every 10000 equity shares held by such equity shareholder of AEL in AEL as of the record date.On 20 April 2015 Adani Power announced the completion of the acquisition of 100 of the shares of Udupi Power Corporation Limited UPCL from Hyderabad based Lanco Infratech Limited. Udupi Power Corporation Limited UPCL is a 1200 MW power plant based on imported coal and includes a captive jetty for coal imports. The transaction was announced earlier last year in August 2014. The Udipi Power Corporation UPCL has long term power sale agreements with the Discoms of the states of Karnataka and Punjab. With acquisition of the UPCL the capacity of APL increases to 10440 MW.On 21 December 2015 Adani Power announced that it has incorporated a wholly owned subsidiary Company Adani Power Jharkhand Limited which is registered with the Registrar of Companies Gujarat at Ahmedabad.The Board of Directors of Adani Power at its meeting held on 6 April 2016 approved Preferential offer and issue of up to 52.30 crore warrants convertible into equivalent number of equity shares of Rs 10 each to the promoter group entities subject to the approval of the shareholders of the company through postal ballot by way of passing special resolution under Section 42 and 62 of the Companies Act 2013 and other necessary regulatory approvals.On 1 March 2017 Adani Power announced that a 330 megawatt MW unit 4 at its 4620 MW Mundra thermal power plant has created a national record by running continuously for 600 days and generated 4142.56 MUs million units of electricity.On 6 June 2017 Adani Power announced that its Board of Directors has considered and approved the slump sale of its Mundra power generating business undertaking to its subsidiary company namely Adani Power Mundra Limited. The transaction will put the Mundra power generating business undertaking at par with other operating subsidiaries of the company with specific strategic focus as well as specific financial arrangements. The Mundra power generating business undertaking contributed 93.74 to the total income of Adani Power in FY 201617.On 7 November 2017 Adani Power announced that the companys wholly owned subsidiary Adani Power Jharkhand Limited has signed a long term Power Purchase Agreement PPA. The PPA has been signed for net capacity of 1496 MW with Bangladesh Power Development Board for 25 years. Power supply under the PPA will be made from a new 1600 MW Ultrasupercritical coal based power plant to be set up by Adani Power Jharkhand Limited at Godda Jharkhand. The Board of Directors of Adani Power at its meeting held on 17 January 2018 approved the setting up of a 1600 MW 2 x 800 MW UItrasupercritical Thermal Power Project at Godda Jharkhand by the companys subsidiary Adani Power Jharkhand Limited at the estimated project cost of Rs 13450 crore approximately. The project is expected to achieve Commercial Operation Date by May 2022 and supply power to the Bangladesh Power Development Board under a PPA for net capacity of 1496 MW for 25 years. All major statutory clearances have been obtained for the project.
OrganisationAdani Power Ltd
HeadquartersAhmedabad
IndustryPower Generation & Distribution