|
APJL, a wholly owned subsidiary of Adani Power, will supply power under a 25-year power purchase agreement for corresponding net capacity of 748 MW from Unit 1 to the Bangladesh Power Development Board. It has started processing its claims under the PPA with effect from 6 April 2023.
The company said that its Unit 2 of 800 MW is in an advanced stage of completion and is expected to be commissioned soon.
Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India.
The company's consolidated net profit slumped 96% to Rs 8.77 crore in Q3 FY23 as against Rs 218.49 crore recorded in Q3 FY22. However, revenue from operations grew 44.8% YoY to Rs 7,764.41 crore in Q3 FY23.
The scrip rose 1.10% to end at Rs 192.15 on Thursday, 6 April 2023.
The domestic stock market is shut today, 7 April 2023, on account of Good Friday.
|