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Adani Power

Several factors like Q4 FY25 earnings, IIP data, FII activity, and key US indicators will drive the stock market next week.

Adani Power Limited (APL) announced that it has secured a Letter of Intent (LOI) for the acquisition of Vidarbha Industries Power Limited.

The Adani Portfolio has achieved its highest-ever TTM Rs 86,789 crore TTM EBITDA, driven by its infrastructure business.

Adani Power Limited made significant strides toward achieving its target of 30+ GW of generation capacity by 2030, with rapid advancements.

The Bombay High Court on Monday dismissed a petition challenging a power supply contract awarded by the Maharashtra government to Adani Group, terming the plea "unsubstantiated and reckless."

Adani Power Ltd, a key player in the Adani Group, has achieved an impressive score of 67 (out of 100) in CSA by S&P Global for FY 2023-24.

The Adani Group has reported strong growth for H1 FY25, posting a 25.5% increase in EBITDA, adjusted for one-time prior period incomes.

Power demand remained steady in Q2 FY25 compared to Q2 FY24, influenced by prolonged rains. However, cumulative demand for FY25 until September 30, 2024, grew by 5% over H1 FY24, ensuring higher offtake from thermal power to support peak demand

The Adani Group has surged in market capitalization, reclaiming its pre-Hindenburg levels after two major rallies in the Indian indices.

The operating performance for Q4 FY 2023-24 includes the 1600 MW Godda Ultra-supercritical Thermal Power Plant (“USCTPP”) of APL’s subsidiary Adani Power (Jharkhand) Limited (APJL), which was commissioned in Q1 FY 2023-24.