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Informist, Tuesday, Oct. 1, 2024

 

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--Adani Power signs pact to buy Dahanu power unit from arm North Maharashtra 
--Adani Power to pay INR 8.15 bln to buy Dahanu power unit 
--Adani Power to invest INR 4.50 bln over 5 yrs on capex at Dahanu unit 
 

 

 

 

MUMBAI – Adani Power Ltd. said it has acquired the Dahanu thermal power plant from North Maharashtra Power Ltd. for INR 8.15 billion, and it will invest another INR 4.50 billion in capital expenditure over the next five years to strengthen operations of the thermal power plant. 

 

After the acquisition of the new unit, the total operating power generation capacity of Adani Power has increased to 17,550 MW from 17,050 MW. The Dahanu unit has an operating capacity of 500 MW with two units generating 250 MW of power each. The new unit supplies power to the Mumbai circle of Adani Electricity Mumbai Ltd. under a long-term power purchase agreement. Adani Power said its 

capacity utilisation for the June quarter was 78%.

 

Adani Power had reported a consolidated net profit of INR 39.13 billion for the June quarter on revenues of INR 149.56 billion. On Monday, shares of Adani Power closed at INR 656.15 on the National Stock Exchange, up 0.3%.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by B. Gopika

Edited by Avishek Dutta

 

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