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    ADANIPOWER   INE814H01011

ADANI POWER LIMITED

(ADANIPOWER)
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Delayed NSE India Stock Exchange  -  06:25 2022-12-02 am EST
325.30 INR   -1.54%
12/01India's Adani Group to invest $7.39 billion in eastern state of Odisha
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11/30Adani Power Further Extends Completion Date for Acquisition of DB Power
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11/30India police ban rally to support Adani port, protesters refuse to budge
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India gives coal-fired plants extra two years to install emissions equipment

09/06/2022 | 06:02am EST
Chimneys of a coal-fired power plant are pictured in New Delhi

NEW DELHI (Reuters) - India extended a deadline for coal-fired power plants to install equipment to cut sulphur emissions by two years, the government said in a notification on Tuesday, marking the third push back on a commitment to clean up dirty air.

Indian cities have some of the world's most polluted air. Thermal utilities, which produce 75% of the country's power, account for some 80% of industrial emissions of sulphur- and nitrous-oxides, which cause lung diseases, acid rain and smog.

India had initially set a 2017 deadline for thermal power plants to install flue gas desuphurisation (FGD) units to cut sulphur emissions. That was later changed to varying deadlines for different regions, ending in 2022, and further extended last year to a period ending 2025.

The order on Tuesday said power plants will be forcibly retired if they do not comply to norms on sulphur emissions by end-2027.

Plants near populous regions and the capital New Delhi will have to pay penalties to operate from end-2024, while utilities in less polluting areas will be penalized after end-2026, the order said.

The federal power ministry had pushed for an extension, citing higher costs, lack of funds, COVID 19-related delays and geopolitical tension with neighbouring China, which has restricted trade.

The delay will be welcomed by operators of coal-fired utilities including private companies, like Tata Power and Adani Power, which have long lobbied for less severe requirements.

(Reporting by Sudarshan Varadhan; Editing by Simon Cameron-Moore)

By Sudarshan Varadhan


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADANI POWER LIMITED -1.54% 325.3 Delayed Quote.231.39%
GMR POWER AND URBAN INFRA LIMITED 0.86% 23.4 Delayed Quote.0.00%
NTPC LTD -0.03% 172.15 Delayed Quote.38.42%
THE TATA POWER COMPANY LIMITED 0.16% 225.2 End-of-day quote.1.95%
All news about ADANI POWER LIMITED
12/01India's Adani Group to invest $7.39 billion in eastern state of Odisha
RE
11/30Adani Power Further Extends Completion Date for Acquisition of DB Power
MT
11/30India police ban rally to support Adani port, protesters refuse to budge
RE
11/29India's NDTV says Prannoy, Radhika Roy resigned as directors of promoter group
RE
11/29Indian billionaire Adani's firm wins bid to develop vast Mumbai slum
RE
11/29Hindu group to march for Adani port project in India amid Christian protests
RE
11/29Police in India's Kerala step up security after clashes over Adani port
RE
11/28India's NDTV says founder entity transfers shares to Adani Group
RE
11/28Protesters, police clash over Adani port in India's Kerala; over 80 hurt
RE
11/26Protests at Adani's south India port block restart of construction
RE
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Analyst Recommendations on ADANI POWER LIMITED
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Financials
Sales 2022 277 B 3 403 M 3 403 M
Net income 2022 49 116 M 603 M 603 M
Net Debt 2022 479 B 5 886 M 5 886 M
P/E ratio 2022 19,2x
Yield 2022 -
Capitalization 1 255 B 15 408 M 15 408 M
EV / Sales 2021 3,25x
EV / Sales 2022 4,31x
Nbr of Employees 2 737
Free-Float 22,9%
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Number of Analysts 0
Last Close Price 325,30
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Managers and Directors
Anil Kumar Sardana Managing Director & Executive Director
Shersingh B. Khyalia Chief Executive Officer
Shailesh Sawa Chief Financial Officer
Gautambhai Shantilal Adani Chairman
Deepak S. Pandya Secretary & Compliance Officer