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    ADANIPOWER   INE814H01011

ADANI POWER LIMITED

(ADANIPOWER)
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Delayed NSE India Stock Exchange  -  04:21 2022-09-28 am EDT
374.00 INR   +0.39%
09/27India's Adani Group to invest over $100 bln in next decade
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09/27India's Adani Group to invest over $100 billion in next decade - Chairman Gautam Adani
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09/21India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 bln
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India's Adani Power to buy DB Power for $879 million

08/19/2022 | 09:50am EDT
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad

BENGALURU (Reuters) -Adani Power Ltd said on Friday it will buy thermal power plant operator DB Power for an enterprise value of 70.17 billion rupees ($879.14 million) as India's largest private thermal power producer looks to expand operations.

DB Power owns and operates a thermal power plant in the central Indian state of Chhattisgarh and the deal will help Adani expand its operations in the state.

Adani Power is a unit of billionaire and Asia's richest person Gautam Adani's conglomerate Adani Group, which has businesses ranging from cement to cooking oil.

DB Power has long- and medium-term power purchase agreements for 923.5 megawatt of its capacity, backed by fuel supply agreements with Coal India Ltd and has been operating its facilities profitably, Adani Power said.

Adani Power has an installed capacity of 12,450 MW and its power projects are spread across the Indian states of Gujarat, Maharashtra, Rajasthan, Karnataka and Chhattisgarh, according to its website.

($1 = 79.8170 Indian rupees)

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Devika Syamnath and Shounak Dasgupta)


© Reuters 2022
All news about ADANI POWER LIMITED
09/27India's Adani Group to invest over $100 bln in next decade
RE
09/27India's Adani Group to invest over $100 billion in next decade - Chairman Gautam Adani
RE
09/21India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 bln
RE
09/20India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 billion
RE
09/20India Ratings Assigns Provisional A Rating on Adani Power's Proposed Bank Financing; Ou..
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09/19Crisil Assigns A Rating on Adani Power's Proposed Bank Financing; Outlook Stable
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09/19India's Ambuja Cements touches record high as Gautam Adani appointed chairman
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09/18Adani Power to Withdraw Plan to Delist from Indian Stock Exchanges
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09/16Indian tycoon Gautam Adani elevates son to chairman of cement maker ACC
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09/07CreditSights finds errors in debt report on India's Adani group
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More news
Analyst Recommendations on ADANI POWER LIMITED
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Financials
Sales 2022 277 B 3 394 M 3 394 M
Net income 2022 49 116 M 602 M 602 M
Net Debt 2022 479 B 5 870 M 5 870 M
P/E ratio 2022 19,2x
Yield 2022 -
Capitalization 1 437 B 17 597 M 17 597 M
EV / Sales 2021 3,25x
EV / Sales 2022 4,31x
Nbr of Employees 2 737
Free-Float 22,6%
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Mean consensus SELL
Number of Analysts 1
Last Close Price 372,55
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Spread / Average Target -
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