Adani Power’s total consolidated revenue dropped to Rs4,916 crore during December quarter from Rs5,491 crore in the same quarter of last year. Photo: MintAhmedabad: Adani Power Ltd on Wednesday said consolidated loss for the third quarter ended 31 December widened to Rs1,288 crore from Rs670 crore a year ago. The Adani Power board also approved setting up of a 1600 megawatt (MW) thermal power project at Godda, Jharkhand, by its subsidiary company Adani Power (Jharkhand) Ltd, at an estimated project cost of approximately Rs13,450 crore. Adani Power has been supplying bulk power to GUVNL in Gujarat and has signed long-term PPAs in this regard with GUVNL—the state-owned power distributor. On 7 June, Adani Power said in a BSE filing that the company board had approved the slump sale of the Mundra plant to its subsidiary Adani Power (Mundra) Ltd.

Source: Mint January 17, 2018 11:48 UTC