+
Adani Power Q1 net profit surges 16-fold to Rs 47.80 bn
POWER & RENEWABLE ENERGY

Adani Power Q1 net profit surges 16-fold to Rs 47.80 bn

Adani Power has reported 16-fold jump in consolidated net profit at Rs 47.80 billion for the quarter ending June 30, 2022. It reported consolidated net profit of Rs 2.78 billion in the year-ago period.

The company's consolidated revenue from operations rose 109% to Rs 137.23 billion compared to Rs 65.69 billion in Q1FY22. Expenses stood at Rs 96.43 billion during the quarter compared to Rs 67.63 billion in the preceding fiscal.

"We have been able to utilise the opportunities presented by the market situation effectively, leveraging our diversified fleet and operations-excellence to meet rising power demand. Regulatory issues that were outstanding since long are nearing full resolution, improving visibility and providing us liquidity to propel our drive to realise our long-term strategies and meet our stakeholder value aspirations," Anil Sardana, managing director of Adani Power Ltd, said in a statement.

Part of the diversified Adani Group, APL is the largest private thermal power producer in India. The company has an installed thermal power capacity of 13,610 MW spread across seven power plants in different states, apart from a 40 MW solar power plant in Gujarat.

See also:
Adani and RIL to set up compressed biogas plants
RIL, Adani among 24 bidders for SKS Power


Adani Power has reported 16-fold jump in consolidated net profit at Rs 47.80 billion for the quarter ending June 30, 2022. It reported consolidated net profit of Rs 2.78 billion in the year-ago period. The company's consolidated revenue from operations rose 109% to Rs 137.23 billion compared to Rs 65.69 billion in Q1FY22. Expenses stood at Rs 96.43 billion during the quarter compared to Rs 67.63 billion in the preceding fiscal. We have been able to utilise the opportunities presented by the market situation effectively, leveraging our diversified fleet and operations-excellence to meet rising power demand. Regulatory issues that were outstanding since long are nearing full resolution, improving visibility and providing us liquidity to propel our drive to realise our long-term strategies and meet our stakeholder value aspirations, Anil Sardana, managing director of Adani Power Ltd, said in a statement. Part of the diversified Adani Group, APL is the largest private thermal power producer in India. The company has an installed thermal power capacity of 13,610 MW spread across seven power plants in different states, apart from a 40 MW solar power plant in Gujarat. See also: Adani and RIL to set up compressed biogas plantsRIL, Adani among 24 bidders for SKS Power

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code