CleanupBot II at 17:23, 13 August 2023

2023-08-13T17:23:55Z

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{{Short description|A subsidiary of Adani Group}}{{Advert|date=April 2020}}
{{Use British English|date=March 2013}}
{{Use dmy dates|date=November 2020}}
{{Infobox company
| name = Adani Power Limited
| logo = Adani_Power.png
| type = [[Public company|Public]]
| traded_as = {{BSE|533096}}, {{NSE|ADANIPOWER}}
| industry = [[Energy industry|Energy]]
| founded = 22 August 1996
| location_city = Ach Shantigram, [[Ahmedabad]], [[Gujarat]], [[India]]
| key_people = [[Gautam Adani]] {{small|(Chairman & MD)}} Rajesh Shantilal Adani {{small|(MD)}} Vneet S Jaain {{small|(CEO)}}
| products = Sale and distribution, [[electricity generation]] and [[electricity distribution|distribution]], [[wind power]], [[Commodity markets|energy trading]]
| revenue = {{increase}} {{INRConvert|27841|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/powergenerationdistribution/adanipower/AP11|title=Adani Power Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| operating_income = {{increase}} {{INRConvert|3049|c}} (2020)<ref name="Financials"/>
| net_income = {{decrease}} {{INRConvert|-2274|c}} (2020)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|75025|c}} (2020)<ref name="Financials"/>
| equity = {{decrease}} {{INRConvert|-5991|c}} (2020)<ref name="Financials"/>
| num_employees = 89 (2020)<ref name="Financials"/>
| parent = [[Adani Group]]
| homepage = {{URL|https://www.adanipower.com/}}
}}

'''Adani Power Limited''' is the power business subsidiary of Indian conglomerate [[Adani Group]] with head office at [[Ahmedabad]], [[Gujarat]]. It is a private thermal power producer, with capacity of 12,450 MW.<ref>{{Cite web|title=Adani Power Ramps Up Capacity|url=https://mnacritique.mergersindia.com/adani-power-ramps-up-capacity/|date=2014-09-01|website=M&A Critique|language=en-US|access-date=2020-05-05}}</ref>

It also operates a mega [[solar plant]] of 40 MW at Naliya, Bitta, [[Kutch]], Gujarat.<ref>{{Cite news|last=Reporter|first=B. S.|date=2011-06-07|title=Adani Power to commission 40-Mw solar project|work=Business Standard|url=https://www.business-standard.com/article/companies/adani-power-to-commission-40-mw-solar-project-111060700097_1.html|access-date=2020-05-05}}</ref> It is India's first company that synchronises the supercritical technology.<ref>{{Cite news|date=2010-12-23|title=APL synchronises country's first supercritical power plant|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/apl-synchronises-countrys-first-supercritical-power-plant/articleshow/7150719.cms|access-date=2020-05-05}}</ref>

Adani Godda Power is implementing a 1,600 MW plant at Jharkhand.<ref name="auto">{{Cite news|agency=Press Trust of India|date=2017-11-08|title=Adani Power inks PPA with Bangladesh Power Development Board|work=Business Standard|url=https://www.business-standard.com/article/pti-stories/adani-power-inks-ppa-with-bangladesh-power-development-board-117110801302_1.html|access-date=2020-05-05}}</ref> The company has signed long term [[power purchase agreement]]s of about 9,153 MW with government of Gujarat, Maharashtra, [[Haryana]], [[Rajasthan]], [[Karnataka]],<ref>{{Cite web|title=Adani becomes first generator to get PPA amended for imported coal-based plants|url=https://www.thehindubusinessline.com/economy/adani-becomes-first-generator-to-get-ppa-amended-for-imported-coal-based-plants/article25726871.ece|last=kondratieva|first=ksenia|website=@businessline|language=en|access-date=2020-05-05}}</ref> and [[Punjab, India|Punjab]].<ref>{{Cite web|title=Tata Power arm seeks more time to get states' nod for Mundra PPA revision|url=https://www.financialexpress.com/economy/tata-power-arm-seeks-more-time-to-get-states-nod-for-mundra-ppa-revision/1479663/|date=2019-02-07|website=The Financial Express|language=en-US|access-date=2020-05-05}}</ref><ref>{{Cite news|title=Mahindra & Mahindra tops CSR list in India even as companies scale up operations|work=The Economic Times|url=https://economictimes.indiatimes.com/news/company/corporate-trends/mahindra-mahindra-tops-csr-list-in-india-even-as-companies-scale-up-operations/articleshow/49330470.cms?from=mdr|access-date=2020-09-26}}</ref>

==History==
Adani Power was started as a power trading company in 1996.<ref>{{Cite web|title=Adani Power History {{!}} Adani Power Information – The Economic Times|url=https://economictimes.indiatimes.com/adani-power-ltd/infocompanyhistory/companyid-23479.cms|website=The Economic Times|access-date=2020-05-05}}</ref>

*2009 – It started generation in July 2009 by RAM implementation of its first 330 MW of 4,620 MW at Mundra.<ref>{{Cite news|last=Reporter|first=B. S.|date=2009-05-26|title=Adani commissions first unit of 4620 MW Mundra plant|work=Business Standard|url=https://www.business-standard.com/article/companies/adani-commissions-first-unit-of-4620-mw-mundra-plant-109052600027_1.html|access-date=2020-05-05}}</ref> This is the largest single location coal-based power project in India.<ref>{{Cite web|title=Mundra world's largest coal-fired pvt power plant – Times of India|url=https://timesofindia.indiatimes.com/business/india-business/Mundra-worlds-largest-coal-fired-pvt-power-plant/articleshow/12241236.cms|last1=P|first1=Piyush|last2=Mar 13|first2=ey {{!}} TNN {{!}} Updated|website=The Times of India|language=en|access-date=2020-05-05|last3=2012|last4=Ist|first4=04:54}}</ref>
*2010 – The company commissioned another three 330 MW by November 2010 and country's first supercritical unit of 660 MW on 22 December 2010, making its capacity 1,980 MW.<ref>{{Cite news|title=Adani Power Ltd.|work=Business Standard|url=https://www.business-standard.com/company/adani-power-17808/information/company-history|access-date=2020-05-05}}</ref>
*2011 – On 6 June 2011, it synchronised its second unit of 660 MW bringing the total generating capacity to 2,640 MW<ref>{{Cite web|title=Adani Power synchronises second unit of 660MW at Mundra|url=http://www.moneylife.in/article/adani-power-synchronises-second-unit-of-660mw-at-mundra/17037.html|website=Moneylife News & Views|access-date=2020-05-05}}</ref> and on 2 October 2011, it synchronised its third super critical unit with national grid.<ref>{{Cite news|date=2010-08-05|title=Adani Power to commission 16,500 MW by 2013 end|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/adani-power-to-commission-16500-mw-by-2013-end/articleshow/6261321.cms?from=mdr|access-date=2020-05-05}}</ref>
*2012 – In February 2012, it commissioned the last unit of Mundra Project to take its capacity to 4,620 MW which made the Mundra TPP the largest privately held thermal power plant in the world and fifth largest on an overall basis, as of March 2012.<ref>{{Cite news|last=Thakkar|first=Mitul|date=2013-12-31|title=Adani Power generates highest 4644 mw at Mundra Project|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/adani-power-generates-highest-4644-mw-at-mundra-project/articleshow/28193079.cms?from=mdr|access-date=2020-05-05}}</ref> This plant became the third-largest thermal power plant in the world after its completion.<ref>{{Cite web|title=Mundra Power Plant, Gujarat, India|url=https://www.powerinfotoday.com/asia/mundra-power-plant-gujarat-india/|last=yuvraj_pitWP|language=en-US|access-date=2020-05-05}}</ref>
*2013 – In 2013, the company commissioned a 40 MW solar power project in Kutch, Gujarat. This is the largest solar power project in the country and marked the group's entry into the [[renewable energy]] sector.<ref>{{Cite news|agency=Press Trust of India|date=2012-01-05|title=Adani Group commissions largest solar power project|work=Business Standard|url=https://www.business-standard.com/article/companies/adani-group-commissions-largest-solar-power-project-112010500160_1.html|access-date=2020-05-05}}</ref>
*2014 – On 3 April 2014, the company announced the commissioning of the fourth unit of 660 MW at its power plant at Tiroda in Maharashtra,<ref>{{Cite news|last=Reporter|first=B. S.|date=2013-06-20|title=APL commissions third unit of 660 Mw at Tiroda|work=Business Standard|url=https://www.business-standard.com/article/companies/apl-commissions-third-unit-of-660-mw-at-tiroda-113062001056_1.html|access-date=2020-05-05}}</ref> thus emerging as the largest private power producer in India, with an overall installed capacity of 9,280 MW.<ref>{{Cite web|title=SunEdison, Adani to build $4 billion Gujarat solar facility|url=https://www.livemint.com/Industry/hBLp1etYY06mPlRiZ5ElwM/SunEdison-Adani-to-build-4-bn-Gujarat-solar-facility.html|last=Sanjai|first=P. R.|date=2015-01-12|website=Livemint|language=en|access-date=2020-05-05}}</ref> The fifth unit was commissioned later in 2014.<ref>{{Cite web|title=Tiroda Thermal Power Plant|url=https://www.swapdial.com/public/knowledge-contents/industrial-data/tiroda-thermal-power-plant/|website=www.swapdial.com|access-date=2020-05-05}}</ref>
*2015 – the company announced the completion of acquisition of Udupi Power Corporation Limited on 11 May 2015.<ref>{{Cite news|others=PTI|date=2015-04-21|title=Adani Power completes acquisition of Lanco Infra's Udupi plant|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/Industry/adani-power-completes-acquisition-of-lanco-infras-udupi-plant/article7126182.ece|access-date=2020-05-05|issn=0971-751X}}</ref> With this, Adani Power has a total commissioned capacity of 10,440 MW,<ref>{{Cite web|title=Adani Power swings back to profit|url=https://www.livemint.com/companies/news/adani-power-swings-back-to-profit-1559207512545.html|last=Thomas|first=Tanya|date=2019-05-30|website=Livemint|language=en|access-date=2020-05-05}}</ref> making the company the largest private power producer in India.<ref>{{Cite web|title=Can Tata beat Adani in the renewable battle?- Business News|url=https://www.businesstoday.in/opinion/perspective/can-tata-beat-adani-in-the-renewable-battle/story/263120.html|website=www.businesstoday.in|access-date=2020-05-05}}</ref>
*2017 – In 2017, one of its units created a national record by continuously operating for 600 days.<ref>{{Cite web|title=Adani's Mundra plant sets record with 600 days of continuous generation|url=https://www.thehindubusinessline.com/companies/adanis-mundra-plant-sets-record-with-600-days-of-continuous-generation/article9565106.ece|last=Bureau|first=Our|website=@businessline|language=en|access-date=2020-05-05}}</ref>
*2019 – In the fourth quarter ended on 31 March 2019, Adani Power reported a consolidated net profit of Rs 634.64 [[crore]]s.<ref>{{Cite news|date=2019-05-29|title=Adani Power registers Rs 634.64 crore profit in Q4|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/earnings/adani-power-registers-rs-634-64-crore-profit-in-q4/articleshow/69562594.cms?from=mdr|access-date=2020-05-05}}</ref> In the same fiscal the previous year, the company had reported a consolidated net loss of Rs 653.25 crore.<ref>{{Cite web|title=Adani Power shares jump nearly 7 pc post Q4 results|url=https://www.financialexpress.com/market/adani-power-shares-jump-nearly-7-pc-post-q4-results/1593514/|date=2019-05-30|website=The Financial Express|language=en-US|access-date=2020-05-05}}</ref>

==Key people==
[[Gautam Adani]] is the [[chairman]] of the company.<ref>{{Cite web|title=Adani Power Management Information – Details of Adani Power Management – The Economic Times|url=https://economictimes.indiatimes.com/adani-power-ltd/infocompanymanagement/companyid-23479.cms|website=The Economic Times|access-date=2020-05-05}}</ref> He completed his schooling from [[Sheth Chimanlal Nagindas Vidyalaya]] in Ahmedabad. He enrolled in a college but dropped out to work as a diamond sorter at Mahindra Bros in [[Mumbai]]. After a couple of years, Adani established his own diamond brokerage unit.<ref>{{Cite web|title=The Rise of the Tycoon|url=http://businessworld.in/article/The-Rise-Of-The-Tycoon/05-02-2018-139609|last=Chandna|first=Himani|website=BW Businessworld|language=en|access-date=2020-05-05}}</ref> In 1988, he established Adani Exports Limited, now known as Adani Enterprises Limited – the holding company of the [[Adani Group]].<ref>{{Cite web|title=The Incredible Rise and Rise of Gautam Adani: Part One|url=https://www.thecitizen.in/index.php/en/NewsDetail/index/1/3375/The-Incredible-Rise-and-Rise-of-Gautam-Adani-Part-One|last=thakurta|first=paranjoy guha|website=The Citizen|language=en-US|access-date=2020-05-05}}</ref> He is the chairman and founder of the Adani Group.<ref>{{Cite web|url=https://www.bloomberg.com/markets/stocks?cic_redirect=fallback|website=www.bloomberg.com|access-date=2020-05-05}}</ref>

==Operations==
===Built by Adani===
*[[Mundra Thermal Power Station]]: 4,620 MW (4×330 MW + 5×660 MW) coal-based thermal power plant at Mundra, Kutch district, Gujarat.<ref name="auto1">{{Cite web|title=Adani Power Limited|url=https://swapdial.com/public/knowledge-contents/industrial-data/adani-power-limited/|website=swapdial.com|access-date=2020-05-05}}</ref> It operates first power transmission project of 400 kV Double Circuit Transmission System from the Mundra plant to Dehgam (430 km).<ref>{{Cite web|title=Power Generation – Mundra Dehgam Transmission Line Manufacturer from Gurgaon|url=https://www.indiamart.com/avanthagroup/|website=IndiaMART.com|language=en|access-date=2020-05-05}}</ref>
*[[Kawai Thermal Power Station]]: 1,320 MW (2×660 MW) coal-based thermal power plant at Kawai village, Baran district, Rajasthan. This plant is fully functional.<ref>{{Cite web|title=Facts about Kawai Thermal Power Plant, Rajasthan|url=https://blog.dialmenow.in/2019/04/facts-about-kawai-thermal-power-plant.html|website=Dial Me Now|access-date=2020-05-05}}</ref>
*[[Tiroda Thermal Power Station]]: 3,300 MW (5×660 MW) coal-based thermal power plant at Tirora, Gondia district, Maharashtra.<ref>{{Cite news|last=Reporter|first=B. S.|date=2013-06-20|title=Adani Power commissions third unit of 660 Mw at Tiroda|work=Business Standard|url=https://www.business-standard.com/article/companies/adani-power-commissions-third-unit-of-660-mw-at-tiroda-113062000369_1.html|access-date=2020-05-05}}</ref> It is Maharashtra's largest coal-fired thermal power station.<ref name="auto1"/>
*The company produces 40 MW of solar power in Bitta, Kutch Gujarat. This power plant was commissioned in 2011 within 165 days.<ref name="auto1"/>

===Taken over by Adani===
*[[Udupi Power Plant]]: 1,200 MW (2×600 MW) coal-based thermal power plant at Padubidri, Udupi district, Karnataka.<ref>{{Cite web|title=Lanco Infratech Limited|url=http://www.lancogroup.com/DynTestForm.aspx?PageID=13|website=www.lancogroup.com|access-date=2020-05-05}}</ref> Bo from Lanco Infratech in August 2014 for Rs. 6,000 crores.<ref>{{Cite web|title=Adani buys Lanco plant in Rs 6,000 crore deal |url=https://timesofindia.indiatimes.com/business/india-business/Adani-buys-Lanco-plant-in-Rs-6000-crore-deal/articleshow/40227743.cms|last1=Aug 14|first1=TNN {{!}} Updated|last2=2014|website=The Times of India|language=en|access-date=2020-05-05|last3=Ist|first3=06:18}}</ref>
*[[Raikheda Thermal Power Station]]: On 2 August 2019, the firm completed the acquisition of GMR Chhattisgarh Energy Ltd. (GCEL) which owns and operates a power plant in Raikheda village in Raipur.<ref>{{Cite web|title=Adani Power Ltd completes acquisition of GMR Chhattisgarh Energy Ltd|url=https://equitybulls.com/admin/news2006/news_det.asp?id=254414|date=2019-08-02|website=EquityBulls|access-date=2020-05-05}}</ref> The acquisition was concluded at an enterprise valuation of Rs. 3,530 crore. This addition has led to an increase in APL's total capacity to 12,450 MW. With this, APL has become the largest private sector thermal power producer.
* [[Avantha Korba West Power Station]]: The firm got approval from NCLT in 07-Sep-2019 to takeover this plant.<ref>{{Cite web|title=Adani Continues to Grab Power Sector, Gets 2 More Thermal Power Plants|url=https://www.newsclick.in/Adani-Power-Sector-Thermal-Power-Plants-NCLT-Chhattisgarh|date=2019-09-07|website=NewsClick|language=en|access-date=2020-05-05}}</ref>
*Adani Green House has rallied 29 percent after the announcement that the company has commissioned a 75MW wind power project.
*Adani Power Limited signed a agreement to acquire 49 per cent stake in [[Odisha Power Generation Corporation]] (OPGC)<ref>{{Cite web|title=Adani Power Partners With AES To Acquire 49% Stake in OPGC|url=https://odishatv.in/odisha-news/adani-power-partners-with-aes-to-acquire-49-stake-in-opgc-458518|publisher= Odisha TV|accessdate=23 June 2020}}</ref>

==Future projects==
As of January 2011, the company has 16,500 MW<ref>{{Cite web|title=Adanis dedicates to nation 1,000-km power transmission system|url=https://www.thehindubusinessline.com/economy/adanis-dedicates-to-nation-1000-km-power-transmission-system/article23114492.ece|last=Bureau|first=Our|website=@businessline|language=en|access-date=2020-05-05}}</ref> under implementation and planning stage. Included are a 3,300 MW coal-based TPP at Bhadreswar in Gujarat; a 2,640 MW TPP at Dahej, Gujarat; a 1,320 MW TPP at Chhindwara in [[Madhya Pradesh]]; a 2,500 MW TPP at Anugul, [[Orissa]];<ref>{{Cite web|title=Adani Power's Mundra unit may go on stream next week|url=https://www.thehindubusinessline.com/companies/adani-powers-mundra-unit-may-go-on-stream-next-week/article20339774.ece|last=Bureau|first=Our|website=@businessline|language=en|access-date=2020-05-05}}</ref> a 2,000 MW TPP at Sambalpur,<ref name="auto2">{{Cite news|date=2014-08-26|title=Adani Group plans to build Rs 12,500 crore power plant in Odisha|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/adani-group-plans-to-build-rs-12500-crore-power-plant-in-odisha/articleshow/40931637.cms?from=mdr|access-date=2020-05-05}}</ref> Orissa;<ref name="auto2"/> and a 2,000 MW gas-based power project at Mundra, Gujarat.<ref>{{Cite web|title=LNG terminal, gas power plant planned at Mundra|url=https://www.projectstoday.com/News/LNG-terminal-gas-power-plant-planned-at-Mundra|website=www.projectstoday.com|access-date=2020-05-05}}</ref> The company is bidding for a 1,000 MW [[lignite]] coal-based power plant in [[Kosovo]].<ref>{{Cite news|date=2010-03-08|title=Adani Power in race for 1,000-mw Kosovo project|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/adani-power-in-race-for-1000-mw-kosovo-project/articleshow/5656184.cms?from=mdr|access-date=2020-05-05}}</ref>

In November 2017, Adani Power (Jharkhand) signed a long-term pact with [[Bangladesh Power Development Board]] to supply electricity from its upcoming 1,600 MW plant at Godda in [[Jharkhand]].<ref name="auto"/>

As of 2019, the Adani Group is in talks with the Rural electrification Corporation ([[REC Limited]]) and [[Power Finance Corporation]] (PFC) to set up a 1600 MW Godda Power Project in Jharkhand at a cost of approximately Rs 14,000 crores.<ref>{{Cite web|title=Adani Power seeks ₹10,000-cr loan from REC, PFC for Godda plant; to export power to Bangladesh|url=https://www.thehindubusinessline.com/companies/adani-power-seeks-10000-cr-loan-from-rec-pfc-for-godda-plant-to-export-power-to-bangladesh/article25994247.ece|last=kondratieva|first=ksenia|website=@businessline|language=en|access-date=2020-05-05}}</ref>

==Awards/Recognition==
The company has won many awards and recognition. In 2017, it was named the Most Innovative Young Power Professional by IPPAI ([[Independent Power Producer]]s Association of India) at the 18th Regulators & Policymakers Retreat. In 2017, CSR Works International with support of [[British Chamber of Commerce]] and High Commission of Canada, recognised thefirm for best sustainability reporting in [[Asia]], in [[Singapore]]. In 2018, it received the Recognition for Best Environment Management practices by Srishti Publications.<ref>{{Cite web|title=Adani Power Directors Report {{!}} Adani Power Director Details – The Economic Times|url=https://economictimes.indiatimes.com/adani-power-ltd/directorsreport/companyid-23479.cms|website=The Economic Times|access-date=2020-05-05}}</ref>

==See also==

* [[Electricity sector in India]]
* [[Fortune India 500]]
* [[List of companies of India]]

==References==
{{Reflist}}{{Adani Group}}{{PCOI}}

[[Category:Companies based in Ahmedabad]]
[[Category:Electric power companies of India]]
[[Category:Energy in Maharashtra]]
[[Category:Adani Group]]
[[Category:1996 establishments in Gujarat]]
[[Category:Indian companies established in 1996]]
[[Category:Energy companies established in 1996]]

Adani Power - Revision history

CleanupBot II at 17:23, 13 August 2023