Adani Power's Q1 revenue soars to Rs 147.17 Bn

02 Aug 2024 CW Team

Adani Power Ltd. (APL) reported a notable improvement in its financial performance for the first quarter ending June 30, 2024, with revenue from operations rising by 29% to Rs 147.17 billion, up from Rs 113.70 billion in the same period last year.

S B Khyalia, the CEO of Adani Power, mentioned that the company is preparing for a revival in the thermal power sector by advancing the development of three Ultra-supercritical projects, each with a capacity of 1,600 MW. Khyalia stated that Adani Power is committed to improving lives and ensuring India's energy security by addressing the need for sustainable, affordable, and reliable power.

The company's plant load factor improved significantly to 78.0% in Q1 FY25, up from 60.1% in Q1 FY24. The units sold during the quarter increased to 24.1 billion units from 17.5 billion units year-on-year. This rise in operational efficiency led to a 95% increase in continuing profit before tax, which climbed to Rs 44.83 billion from Rs 23.03 billion in Q1 FY24.

Adani Power also reported a continuing EBITDA of Rs 62.90 billion for the quarter, a 53% increase from Rs 41.21 billion in the same quarter last year. However, despite this strong performance, reported EBITDA and profit before tax experienced declines due to significant prior period items related to regulatory orders from the previous fiscal. The company remains focused on expanding its footprint and enhancing its generation capacity, in line with its long-term strategic goals within the Indian power sector.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..