This company of Gautam Adani Group has planned to raise funds. The company may raise through public issue or private placement in one or more tranches of Non-Convertible Debentures (NCDs) up to Rs. Plans to raise funds up to Rs 5,000 crore. For this a meeting is to be held on 28th October.
Let us tell you that Adani Power has informed the stock exchange about this after the market closed. Earlier on Wednesday, shares of Adani Power on the NSE traded at Rs. 583.05, up from Tuesday's closing price of Rs. 5.10 or 0.87% is less.
Adani Power shares have returned 84% in the last 12 months, outperforming the Nifty. Nifty has returned around 26% over the same period. The stock has returned 11% so far in 2024.
Let us tell you that Adani Power is part of a group with a power generation capacity of 15,250 MW. These include thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh and Jharkhand and a 40 MW solar power project in Gujarat.
In the second quarter of the current financial year, media company New Delhi Television Limited (NDTV) received Rs. 53.45 crores has been lost. Adani Group's media company NDTV in the July-September quarter of the last financial year posted Rs. 5.55 crore profit was made.
However, the company's operating income in the quarter rose 16.5 percent to Rs. 111.32 crores. In the same period a year ago, it was Rs. 95.55 crores.
Adani Group's media company's total expenditure rose 76.25 percent to Rs. 164.76 crores. Meanwhile, NDTV's share on the BSE fell 0.77 percent to Rs. closed at 167.90.
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