What are Adani Power’s renewable energy plans?

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Adani Power stocks gain up to 17% after clarification on US bribery charge. Past few days for Adani Group are not to be good. Adani stocks are 15% to 25% down after the news. these 15% to 25% down side almost cover in today.

Adani Power share price opened at ₹436.50, slightly lower than the previous close of ₹437.75. Adani Power share price thereafter gained more than 18% to ₹517.85 levels during the intraday trades.

Adani Power is an Indian multinational power and energy company, subsidiary of Adani Group and based in Khodiyar in Ahmedabad, India. It is a private thermal power producer, with a capacity of 15,250 MW and operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch, Gujarat

Adani Power has capped a year of outstanding operational and financial performance with another strong quarter, posting excellent revenue and earning growth. We have seen a superb revival of PLFs in power plants based on imported coal, high level of power uptake from domestic coal- based PPAs, and higher utilization of merchant capacity. During the recently concluded quarter, APL reported a handsome growth in PLF and power sales volume.

This is an Thermal Power Generational Plant.

Company Financial Ratio

Market Cap₹ 2,02,605 Cr
No. of Shares385.69 Cr
P/E22.88
P/B4.95
Div. Yield0 %
DEBT₹ 25,644.61 Cr
Promoter Holding74.96 %

Profit & Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Year20202021202220232024
Net Sales1,005.32447.1727,711.1836,681.2139,204.57
Profit Before Tax-1,340.56-503.016,701.887,389.3818,370.59
Profit After Tax-1,340.56-498.745,036.3410,246.1518,749.24

Adani Power Operational Power Plants

1.Mundra, Gujarat

Plant capacity is 4620 MW, comprising of 9 units with 4 units of 330 MW and 5 units of 660 MW. The 330 MW units are based on sub critical technology and the 660 MW units are based on supercritical technology.

Adani Power Mundra is located in the Kucthh District in Taluka Mundra of Gujarat, comprising the villages of Vandh, Tunda & Siracha and is about 61 kms south of Bhuj City in Gujarat State, India. The plant is near National Highway 8A and adjacent to the sea. Kutch is a growing economic and industrial hub in one of India’s fastest growing states – Gujarat. Kutch is a mineral rich region with a large reserve of Lignite, Bauxite and Gypsum among other minerals. APL, Mundra which is located in APSEZ, (Adani Port and Special Economic Zone). The site of Mundra SEZ is located in the district of Kuchchh, bordered by the northern coastline of the Gulf of Kutch. The Gandhidham railway station is located 50 km away. Mandavi airstrip (about 30 km), Kandla airstrip (about 45 km) and Bhuj Airport (about 70 km) are the airstrips/airports in the vicinity.

2.Tiroda, maharashtra

The plant has long term PPA with Maharashtra State for 3085 MW. is evacuated through one dedicated 400KV double circuit 219KM Tirora-Warora transmission line and two 765 KV Tiroda-Aurangabad 630KM long transmission line.

The plant is located at MIDC Growth Centre, Tiroda in Dist. Gondia on Bhandara Gondia state highway (SH-249), at a distance of 125 KMs from Nagpur which has major commercial Airport. The nearest major Railhead is Gondia on Mumbai Howrah rail route at 30 KMs distance from Plant. The nearest sea port is at Mumbai at a distance of 985 KMs. The plant is located about 328.25 Meters above Mean Sea Level. The maximum ambient temperature at plant location is about 47°C and annual mean relative humidity is 58%.

3.Kawai, Rajasthan

The plant is located on 812 hectares of land which houses the major equipment such as boilers, turbines, generators, transformers, switchyards, cooling towers, coal handling plant, ash handling plant, CW pump house, track hopper, wagon tippler, reservoirs, ESP, WTP, Ash dykes etc. This also includes 30 hectares for the township and 25 hectares for the water pipeline.

The plant is located at village Kawai in Atru Tehsil of Baran district in the state of Rajasthan. It is located at a distance of 16 Km from Atru towards 50 Km south of District headquarter of Baran and 300 KM from State capital, Jaipur. The plant is surrounded by six villages, viz; Kherli gadiyan, Dara, Nimoda, Phul-barod, Chhatrapura and Kawai. Nearest railway station is Salpura, which is 3 km from the plant. Kota Jn is the major railway station and is 111 KM near to Kawai.

4.Udupi, Karnataka

Each unit of 600 MW capacities has one sub critical coal fired steam generator connected to a reheat type condensing steam turbine and generator with sea water cooled condenser and all other required auxiliaries.

Each steam turbine is of 3000 rpm, tandem compound, single re-heat, condensing type machine with extractions for regenerative feed water heating. The turbine would be designed for main stream pressure of 170 kg/cm2 (a) and inlet temperature of 537°C

The Udupi Power Corporation is located in the Udupi District (erstwhile Dakshina Kannada District) of Karnataka, comprising villages of Yelluru, Tenka, Santhuru and Bada and is about 35 km north of Mangalore City in Karnataka State, India. It is flanked by Konkan Railway on the west, local roads to Mudarangadi village on the east and north and Padubidri-Karkala state highway on the south. The area where the power plant is located has been declared as an industrial area under Section 3 (1) of the Karnataka Industrial Area Development Board (KIADB) in the Gazette of the Government of Karnataka.

5.Bitta, Gujarat

Adani Group, commissioned a 40 MW, solar power plant in Bitta, Kutch district, Gujarat in December 2011. It was commissioned in a record time of 165 days. This solar power plant marked Adani’s first big foray in the renewable energy sector.

6.Raigarh, Chhattisgarh

Adani Raigarh Thermal Power Plant is an operating power station of at least 600-megawatts (MW) in Kirodimalnagar, Raigarh, Chhattisgarh, India with multiple units, some of which are not currently operating. It is also known as Avantha Power Korba West Power Project, Adani Korba West power station.

7.Raipur, Chhattisgarh

Adani Power Limited (APL), India’s largest private sector thermal power producer, announced the completion of acquisition of GMR Chhattisgarh Energy Ltd. (GCEL), which owns and operates a 1,370 MW (2 X 685 MW) Supercritical power plant at Raikheda village, in Raipur District of Chhattisgarh. 52.38% of the equity stake in GCEL was acquired from its Consortium of Lenders, following the approval of APL’s resolution plan to acquire a controlling equity stake and restructure its debt. The balance 47.62% equity stake was acquired from the GMR Group. The acquisition of GCEL was concluded at an Enterprise Valuation of approx. Rs. 3,530 Crore.

8.Godda, Jharkhand

Adani Power Jharkhand Limited (APJL), a wholly owned subsidiary of Adani Power Limited, part of the diversified Adani Group has achieved Commercial Operations Date of its second unit of its 2 X 800 MW Godda Ultra-supercritical thermal power plant (“Godda USCTPP”) on 26th June, 2023, at Godda district in Jharkhand, India. The reliability run rest, including commercial operation tests of 2nd Unit of Godda power plant was completed on 25th June 2023 in the presence of BPDB and Power Grid Corporation of Bangladesh (PGCB) officials. Earlier this year, on April 6th, the first unit of the power plant, with 800 MW capacity, also achieved its COD. Power supply from Godda USCTPP to Bangladesh’s grid will further enhance energy security in Bangladesh.

APJL shall supply 1,496 MW net capacity power from 2X800 MW Godda USCTPP under the PPA with Bangladesh Power Development Board (BPDB) executed in Nov-2017 for the period of 25-yearsvia 400 kV dedicated transmission system connected to Bangladesh grid.

The electricity supplied from Godda Power Plant shall have a positive impact on Bangladesh’s power situation by replacing costly power generated from liquid fuel. This transition shall help Bangladesh to reduce the average cost of power purchased.

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