This Adani Group stock deals in the business of power production through thermal and solar sources and sells the power generated from these projects with a combination of long-term and short-term PPA and on a merchant basis, surged upto 9 percent after receiving LoI for Vidharbha Industries.
Share Price Movement
With a market capitalization of Rs. 1,91,689.87 Crores, the shares of Adani Power Limited were up by 9.48 percent in the day’s trade touching a day’s high of Rs. 514.75 per share.
The stock reiterated from the day’s high and was trading at Rs. 497.20 which is 5.75 percent higher than the previous closing price of Rs. 470.15 apiece. It has delivered a negative return of 13 percent which has underperformed the Nifty Index in the past year.
What happened
Adani Power stock surged after the company received a Letter of Intent (LoI) from the Resolution Professional (RP) on February 24, 2025, for the acquisition of Vidharbha Industries Power Limited (VIPL).
The VIPL was undergoing the Corporate Insolvency Resolution Process and the Committee of Creditors (CoC) approved Adani Power’s resolution plan. The Vidharbha Industries owns and operates a 2×300 MW (600 MW) thermal power plant located in the MIDC Industrial Area in Butibori, Nagpur, Maharashtra.
The implementation of the resolution is subjected to LoI terms and mandatory approvals from the National Company Law Tribunal.
Q3YF25 Financial Highlights
For the quarter ending December 2024, Adani Power’s consolidated revenue from operations has increased by 5.23 percent year on year from Rs. 12,991 crores in Q3FY24 to Rs. 13,671 crores in Q3FY25 and increased by 2.48 percent quarter on quarter from Rs. 13,339 crores in Q2FY25.
The company’s consolidated net profit has increased by 7.37 percent year on year from Rs. 2,738 crores in Q3FY24 to Rs. 2,940 crores in Q3FY25. As compared to Q2FY25, the company’s net profit has declined by 10.85 percent quarter on quarter from Rs. 3,298 crore.
Business Segments
The company earned most of its revenue from operations from Power Generation and related activities as of the December 2024 quarter.
Company Overview
Adani Power was established in 1996 and is one of the largest private thermal power producers in India, with a capacity of 15,250 MW across multiple states. They focus on affordable power generation using both thermal and solar power.
Written By Santhosh S
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