ADANI POWER LTD. - 533096 - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Update On The Scheme Of Arrangement
Please find attached herewith Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Update on the Scheme of Arrangement Q3FY23 Quarterly Result Announced for Adani Power Ltd.
Adani Power announced Q3FY23 results: Consolidated Q3FY23 vs Q3FY22 & 9MFY23 vs 9MFY22: Total revenue for Q3FY23 was higher by 48% at Rs 8,290 crore vs Rs 5,594 crore in Q3FY22; mainly due to greater regulatory claims, increased operating capacity, and improved tariff realization. EBITDA for Q3FY23 at Rs 1,996 crore vs Rs 2,003 crore for Q3FY22; constrained mainly by the impact of higher fuel cost. Profit before tax for Q3FY23 at Rs 212 crore vs Rs 204 crore for Q3FY22. Total revenues higher by 75% at Rs 32,245 crore in 9MFY23 vs Rs 18,379 crore in 9MFY22; due to improved tariff realization and higher one-time revenue recognition by Rs 4,769 crore on account of regulatory claims. EBITDA for 9MFY23 was higher by 103% at Rs 11,851 crore vs Rs 5,847 crore in 9MFY22; due to improved tariffs and higher one-time revenue recognition. Profit before tax for 9MFY23 was higher at Rs 6,777 crore vs Rs 444 crore in 9MFY22; due to higher EBITDA including one-time income. Mr. Anil Sardana, Managing Director, Adani Power Limited, said, "Adani Power Limited has consistently demonstrated its superior skills in project execution, excellence in power plant operations, and capabilities in fuel and logistics management, which has helped it turn around stressed power assets acquired under schemes of corporate debt resolution, apart from setting various benchmarks in its greenfield power plants. With resolution of most of its regulatory issues now, the Company is well placed in terms of liquidity to meet its present commitments and growth requirements. Adani Power Limited, with its strategically located and efficient power plants, is poised to gain maximum advantage from India’s growing power demand and provide stable, reliable and affordable power supply, while ensuring the betterment of communities around it.” Result PDF ADANI POWER LTD. - 533096 - Outcome Of The Board Meeting Held On 8Th February 2023
Outcome of the Board Meeting held on 8th February 2023
Bangladesh wants coal cost relief, no change in PPA: Adani Power
Last week, Bangladesh news agency, UNB reported that BNPB has sought revision of PPA ADANI POWER LTD. - 533096 - Clarification In Terms Of Listing Regulations On News Appearing In 'Media / Publication
We refer to your email dated 3rd February 2023, asking us to provide clarification on the news appearing in the 'Media/Publication', which appeared in the 'www.rediff.com' dated February 02, 2023, titled 'Bangladesh keen to revise Adani Power deal'. In this regard, we would like to confirm that our wholly owned subsidiary, Adani Power (Jharkhand) Limited ('APJL') has received a communication from the Bangladesh Power Development Board ('BPDB') requesting us to consider a discount on the energy charge as per the Power Purchase Agreement ('PPA'). We would like to clarify that receipt of communication can't be a trigger for disclosure as no response has been made or any view communicated on the same. We add that no PPA amendment is under consideration. Kindly take note of our clarification as above on your records. Bangladesh power authority seeks Adani Power to consider offering discount on variable energy costs
No revision requested by the BPDB on the PPA for supplying power, a spokesperson for Adani Power told businessline ADANI POWER LTD. - 533096 - Clarification sought from Adani Power Ltd
The Exchange has sought clarification from Adani Power Ltd with reference to the media report appearing on https://www.rediff.com/ dated February 02, 2023 (Link: https://www.rediff.com/business/report/bangladesh-wants-revision-of-power-purchase-deal-with-adani/20230202.htm) titled "Bangladesh keen to revise Adani Power deal; cites high coal price".The reply is awaited.
Bangladesh wants revision of 2017 power purchase deal with Adani Power
Bangladesh has sought revision of a 2017 power purchase agreement with Adani Power Ltd as the price for the coal-generated electricity appeared too expensive, officials said in Dhaka on Thursday. "We have communicated with the Indian company seeking revision of the agreement," an official of the state-run Bangladesh Power Development Board (BPDC) told PTI on the condition of anonymity and without elaborating on the matter. Media reports suggested that the "high coal price" to be purchased for the Adani plant at India's Jharkhand emerged as the key factor for the dispute. According to Bangladesh's private UNB news agency, the letter of the BPDC, which is to procure the power, sought the revision as it received a request from Adani Power in relation to opening LCs in India to import the coal for the 1,600 MW plant in Godda district of Jharkhand. "In our view, the coal price they have quoted (USD400/MT) is excessive - it should be less than USD 250/MT, which is what we are paying for ADANI POWER LTD. - 533096 - Update To The Earlier Disclosure Made Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI LODR'), For Proposed Stake Sale In Support Properties Private Limited
Further to our letter (as referred hereinabove and also attached herewith), we wish to inform that the Parties to the proposed transaction have mutually agreed to extend the validity of the Memorandum of Understanding ('MOU') for signing of the Definitive Agreements underlying the proposed stake sale. Accordingly, the proposed transaction is expected to be completed by 31st March 2023. ADANI POWER LTD. - 533096 - Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of The Unaudited Financial Results For The Quarter And Nine Months Ended 31St December, 2022.
ADANI POWER LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/02/2023 ,inter alia, to consider and approve Board of Directors of the Company is scheduled to be held on 08/02/2023 ,inter alia, to consider and approve the Unaudited Financial Results for the quarter and Nine Months ended 31st December, 2022.