Adani Power's Jharkhand Unit Begins Operations, To Supply Power To Bangladesh
/
Companies/
News/ Adani Power's Jharkhand unit begins operations, to supply power to Bangladesh
- APJL, a wholly-owned subsidiary of Adani Power, has a 25-year power purchase agreement (PPA) to supply power for a net capacity of 748 MW from the said unit to the Bangladesh Power Development Board.
Mumbai: Adani Power Ltd, part of billionaire Gautam Adani's group of companies, on Friday said that its power plant in Jharkhand has begun commercial operations. The facility is part of the 2x800 MW ultra-supercritical power project of Adani Power (Jharkhand) Ltd (APJL), according to an exchange filing.
APJL, a wholly-owned subsidiary of Adani Power, has a 25-year power purchase agreement (PPA) to supply power for a net capacity of 748 MW from the said unit to the Bangladesh Power Development Board.
APJL has initiated the processing of claims under the PPA as of 6 April 2023.
Meanwhile, the second unit of the 800 MW is in its final stages of completion and is expected to be commissioned soon, the company said.
Adani Power's consolidated net profit fell 96% year-on-year to ₹8.7 crore for the quarter ended 31 December 2022 (Q3FY23, while consolidated revenue from operations rose 44.8% on year to ₹7,764.4 crore during the quarter.
Consolidated operating profit or EBITDA (earnings before interest, taxes, depreciation, and amortization) dropped 17% to ₹1,469.7 crore.
On Thursday, shares of Adani Power closed 1.1% higher at ₹192.20 apiece on the National Stock Exchange. Financial markets in India were shut on Friday for a public holiday.
Catch all the
Corporate newsand Updates on Live Mint. Download The
Mint News Appto get Daily
Market UpdatesBusiness News.
No Network
Server Issue
Internet Not Available
" + planName + ""; /* current plan info ends */ /* next billing html starts */ if (planData.next_billing_at != "" && planData.next_billing_at != "null" && typeof planData.next_billing_at != "undefined") {billingCycleText = "Next Billing Date : "; nextActivationDate = planData.next_billing_at; } else if (planData.expires_at != "" && planData.expires_at != "null" && typeof planData.expires_at != "undefined") {billingCycleText = "Expiry date : "; nextActivationDate = planData.expires_at; } else {billingCycleText = "Expiry date : "; nextActivationDate = planData.current_term_ends_at; } var nextBillingMonth = new Date(nextActivationDate).toDateString().split(" ")[1]; var nextBillingDay = new Date(nextActivationDate).getUTCDate(); var nextBillingYear = new Date(nextActivationDate).getFullYear(); var nextBillingHtml = nextBillingDay ? "" + billingCycleText + nextBillingDay + " " + nextBillingMonth + " " + nextBillingYear + "
UK's Local Elections 2024: A Decisive Political Landscape Shift
In the spring of 2024, the United Kingdom witnessed a pivotal moment in its democratic process as local elections unfold... Read more
The Fragile Lifeline: America's Aid To Ukraine Amidst Political Struggles
Amidst escalating tensions with Russia, the United States has once again extended a vital lifeline to Ukraine in the for... Read more
Trailblazers Of Change: Generation Z's Role In Shaping The Future
Generation Z, often referred to as Gen Z, is making waves as a generation that is actively shaping the future. Their rep... Read more
Bridging The Aisle: The Role Of Bipartisanship In Shaping U.S. Foreign Policy Through Ukraine Aid
In a significant display of legislative solidarity, the U.S. House of Representatives recently passed a substantial aid ... Read more
Escalation In Gaza Prompts Biden To Demand Immediate Ceasefire
In a remarkable move that signals potential shifts in US foreign policy, President Joe Biden has demanded an immediate c... Read more
Israel's Strategy In Gaza: A Precarious Balance Between Security And Humanity
In the Shadow of Conflict: Israel's Approach to GazaIn the heart of the Middle East, the Gaza Strip remains a focal poin... Read more