Latest news with #AdaniPowerLimited
Business Insider
a day ago
- Business
- Business Insider
Jefferies Remains a Buy on Adani Power Limited (ADANIPOWER)
Jefferies analyst Lavina Quadros maintained a Buy rating on Adani Power Limited (ADANIPOWER – Research Report) yesterday and set a price target of INR596.00. The company's shares closed yesterday at INR584.35. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Quadros is a 4-star analyst with an average return of 16.2% and a 54.55% success rate. Quadros covers the Energy sector, focusing on stocks such as NTPC Limited, Adani Energy Solutions Ltd, and Adani Green Energy Limited. Adani Power Limited has an analyst consensus of Moderate Buy, with a price target consensus of INR627.50. Based on Adani Power Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR142.37 billion and a net profit of INR26.37 billion. In comparison, last year the company earned a revenue of INR133.64 billion and had a net profit of INR27.37 billion
Business Upturn
12-05-2025
- Business
- Business Upturn
Why are Adani Power share price up 7% today? Explained
Shares of Adani Power Limited surged over 7% on Monday after the company announced it had secured a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for a long-term power supply contract. As per the revised exchange filing dated May 12, 2025, Adani Power will supply 1,500 MW of electricity to UPPCL over a 25-year period. The supply will originate from a planned 2×800 MW (1,600 MW) thermal power project in Uttar Pradesh, developed under a competitive bidding framework. The contract, awarded through UPPCL's standard tendering process, aligns with state procurement guidelines. Though financial specifics of the order were not disclosed, Adani Power confirmed that the tariff would be governed by the bid terms. Importantly, the company clarified that the project falls under domestic procurement and does not involve any related party interest from Adani Group promoters. The stock jumped as much as 7% intraday following the announcement, reflecting investor confidence in the company's expanding portfolio of long-term power purchase agreements. The stock exchanges had previously advised the company to issue a revised disclosure after its initial announcement on May 10, which was complied with today. The development strengthens Adani Power's standing as a key private sector player in India's thermal power sector, particularly in long-term, state-backed supply agreements. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
12-05-2025
- Business
- Mint
Adani Power share price rises 7% on 1500 MW Thermal Power supply agreement in the state of Uttar Pradesh
Stock Market Today: Adani Power share price gained 7% in the morning trades on Monday as it announced Receipt of Letter of Award for 1500 MW Power Supply Agreement in the state of UP (Uttar Pradesh) Adani Power release intimated the exchanges on 10 May 2025 that Adani Power Limited has received a Letter of Award ('LOA') from Uttar Pradesh Power Corporation Limited ('UPPCL') for procurement of 1,500 MW from a new thermal power project of 2x800MW (1600 MW) installed capacity situated in the State of Uttar Pradesh for a period of 25 years.
Time of India
11-05-2025
- Business
- Time of India
Adani to supply 1,500MW from new greenfield power plant
Adani Power Limited , India's largest private sector thermal power generator , has emerged as the winning bidder to supply 1,500 MW of thermal power to Uttar Pradesh. As part of the contract, the company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1,500 MW net) Ultra-supercritical power plant to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state. This is in addition to the Uttar Pradesh cabinet approving a project earlier this week. The company will now sign a long-term power supply agreement (PSA) with the Uttar Pradesh Power Corporation Ltd. (UPPCL) under the Letter of Award (LoA) received on Saturday. "We plan to set up a modern and low emission ultra-supercritical plant in UP and aim to begin supplying reliable and high-quality power by FY30," said S B Khyalia, chief executive officer, Adani Power . Adani Power plans to invest $2 billion in setting up a thermal power plant and related infrastructure in Uttar Pradesh. The project is expected to generate significant employment opportunities, creating 8,000-9,000 jobs during the construction phase and around 2,000 jobs once operational.
Time of India
10-05-2025
- Business
- Time of India
Adani Power to supply 1,500MW to UP from new greenfield power plant
Lucknow: Adani Power Limited, India's largest private sector thermal power generator , has emerged as the winning bidder to supply 1,500 MW of thermal power to Uttar Pradesh .As part of the contract, the company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1,500 MW net) Ultra-supercritical power plant to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state. This is in addition to the Uttar Pradesh cabinet approving a project earlier this week. The company will now sign a long-term power supply agreement (PSA) with the Uttar Pradesh Power Corporation Ltd. (UPPCL) under the Letter of Award (LoA) received on Saturday."We plan to set up a modern and low emission ultra-supercritical plant in UP and aim to begin supplying reliable and high-quality power by FY30," said S B Khyalia, chief executive officer, Adani Power plans to invest $2 billion in setting up a thermal power plant and related infrastructure in Uttar Pradesh. Operation Sindoor Pak drones enter Indian airspace, explosions heard just hours after truce deal Sirens, explosions in border districts after Pak breaks deal: What we know so far 'What happened to ceasefire?' J&K CM after explosions heard across Srinagar The project is expected to generate significant employment opportunities, creating 8,000-9,000 jobs during the construction phase and around 2,000 jobs once Pradesh's thermal power demand is projected to increase by 11,000 MW by 2033-34, driven by industrialisation, urbanisation and modernisation. The recent 1,500 MW order is part of the govt's efforts to meet this growing demand and ensure a stable power supply for the state's future needs.
