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About 13 results for "adani power rsquo"

Adani buys Lanco's Udupi power plant for Rs 6,000 cr
Rediff.com

Adani buys Lanco's Udupi power plant for Rs 6,000 cr

Adani Power has bought Hyderabad-based Lanco Infratech’s Udupi power plant at an enterprise valuation of Rs 6,000 crore (Rs 60 billion).  While Adani will take over the plant’s Rs 4,000 crore (Rs 40 billion) worth of debt, Lanco will receive Rs 2,000 crore (Rs 20 billion) in cash, which it plans to use for lowering its debt. This is the largest acquisition in the thermal power space. According to bankers, Adani Power pipped JSW Energy in the negotiations and announced the ... Rediff.com, 2 weeks ago
Rediff.com

Power sector expects good days ahead as demand improves

The prolonged inactivity in the debt-laden, fuel-starved and bankrupt power sector finally seems to be ending with two large acquisitions announced in the last few weeks. First, Reliance Power, promoted by the Anil Dhirubhai Ambani Group, acquired three operational hydropower assets from the Jaiprakash group for upwards of Rs 10,000 crore (Rs 100 billion). Then Adani Power of Gautam Adani bought Lanco's 1,200 Mw power plant at Udupi in Karnataka for an enterprise value of nearly Rs 6,000 crore ...
 Rediff.com3 days ago
Rediff.com

SC stays compensatory tariff for Adani, Tata

In major relief to Gujarat, Haryana, Rajasthan, Punjab and Maharashtra, the Supreme Court on Monday stayed an order allowing Tata Power and the Adani group to charge higher electricity tariffs on account of a rise in the cost of coal. Responding to a petition by the power distribution utilities of Haryana, the apex court stayed the interim order of the Appellate Tribunal of Electricity on compensatory tariff, and asked the tribunal to finalise the matter expeditiously. The levelised tariff ...
 Rediff.com3 days ago
Rediff.com

Adani has a 90-day dream run

The past 90 days have been a dream run for Gautam Adani, chairman of the Ahmedabad-based Adani group. The 52-year-old billionaire had on May 16 announced a Rs 5,522-crore (Rs 55.22 billion) takeover of Odisha's DhamraPort from Larsen & Toubro and the Tatas. The same day, the Narendra Modi-led Bharatiya Janata Party won the Lok Sabha elections. He has now followed it up with another acquisition - of Lanco's Udupi power plant for Rs 6,000 crore (Rs 60 billion).  And that's not all. Media ...
 Rediff.com2 weeks ago
Rediff.com

Adani plans to sell Australian coal terminal for $2 billion

The promoters of Adani Group plan to sell their Abbot Point coal terminal in Australia at close to the acquisition price of $2 billion. They had bought the terminal in May 2011, at the peak of a coal boom. The project was transferred to the Adani family in January last year, after analysts raised objections over the high debt burden of India-listed Adani Ports, which had bought the terminal in an all-cash deal. The change in the group’s strategy is mainly due to a slowing coal traffic, ...
 Rediff.com2 weeks ago
Rediff.com

Promoters cash in on bull run to get their pledged shares released

The bull run on the stock markets and asset sales have helped promoters of a host of companies, including JSW, J P Power and United Spirits, get their pledged shares released from financial institutions and increasing their unpledged holding in their firms. Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders. This was after Jaiprakash sold its two hydro projects in Himachal Pradesh ...
 Rediff.com2 months ago

PM?s Japan visit: India hopes to win support for ?nuclear pact?

India has been pushing for an agreement with Japan on the lines of a 2008 deal with United States under which India was allowed to import US nuclear fuel and technology without giving up its military nuke programme. But Japan wants explicit guarantees from ...
 Jagran Post1 day ago
Rediff.com

Gujarat still close to Modi's heart, gets new projects

Sardar Sarovar Dam. Photograph: Reuters Even while the union budget may not have announced many direct schemes for Gujarat, the state has been a major beneficiary under Prime Minister Narendra Modi’s first 100 days in office.  From approval for increase in height of Sardar Sarovar Dam to Centre’s decision to host Bharatiya Pravasi Divas from Gandhinagar in Gujarat and green nod for Adani Group’s special economic zone (SEZ) in Mundra, Gujarat has seen a slew of measures ...
 Rediff.com1 day ago
Rediff.com

Markets scale new highs; Nifty ends shy of 7,900

Benchmark share indices gained for the sixth straight session, amid firm global cues, to end at fresh record closing highs on the back of agrressive buying by instiutional investors. The 30-share Sensex ended up 30 points at 26,421 after hitting a record intra-day high of 26,531 and the 50-share Nifty ended 23 points higher at 7,898 after touching a fresh high of 7,919. Domestic institutions were net buyers to the tune of Rs 490 crore while foreign institutiona investors were net buyers to the ...
 Rediff.com1 week ago Markets end at record closing highs; Nifty closes above 7,700  Rediff.com1 month ago
Rediff.com

Sensex surges 190 points to end above 25,500 led by autos

Markets snapped three day losing streak, amid firm global cues, led by auto shares post upbeat first quarter earnings and encouraging sales growth in July. The 30-share Sensex ended up 190 points at 25,519 and the 50-share Nifty climbed 57 points to end at 7,626. Rupee: The Indian rupee was trading marginally lower at Rs 60.17 compared to the previous close of Rs 60.14. Gains in stock markets helped improve sentiment for the Indian currency. Across the Globe: Asian market gained after easing ...
 Rediff.com2 weeks ago
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