Adani Power share

Shares of Adani Power extended their winning streak for the eighth session and hit a fresh all-time high on Monday.

Also, the latest softening of international crude oil prices infused buying sentiments among investors. The latest stock slump comes after a five-year consistent rally in the benchmark indices - Sensex and Nifty. Shares of Adani Power extended their winning streak for the eighth session and hit a fresh all-time high on Monday.

Billionaire Gautam Adani-led company has agreed to acquire the thermal power assets of DB Power for an enterprise value of nearly ₹7,017 crore. Extending its ...

On a sequential basis, the profit rose 2.9% from ₹4,645.5 crore in the March quarter of 2022 (Q4 FY22). Adani Power is the largest private thermal power producer in India, with an installed thermal power capacity of 13,610 MW spread across seven power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, and Madhya Pradesh, apart from a 40 MW solar power plant in Gujarat. Adani Power on Friday announced the acquisition of DB Power, which owns and operates a running 2x600 MW thermal power plant at District Janjgir Champa in Chhattisgarh. In the early deals so far, the largecap stock rose as much as 3.83% to hit a record high of ₹428, breaching its previous high of ₹418.85 touched on August 19. The recent rally in Adani Power shares can be attributed to strong financial performance and recent acquisitions. Billionaire Gautam Adani-led company has agreed to acquire the thermal power assets of DB Power for an enterprise value of nearly ₹7,017 crore.

The company will be able to increase its operations and product offerings in the state of Chhattisgarh's thermal power sector with the aid of the purchase ...

You can have prolonged periods of time, when sanity takes a back seat and excesses happen. The Indian government has boosted the country's electricity industry through a variety of changes. EBITDA, which stands for earnings before interest, taxes, depreciation, and amortisation, increased by 227 percent year over year to Rs 7,506 crore. Adani Power stated in an exchange statement that the acquisition will assist the company in growing its operations and product offerings in the state of Chhattisgarh's thermal power industry. With fuel supply agreements with Coal India and long- and medium-term power purchase agreements covering 923.5 MW of its capacity, DB Power has been successfully running its facilities. Shares of Adani Power rose 4% during intraday trading on Monday to a new high of Rs428.20 after the firm announced its agreement to purchase DB Power's thermal power assets for an estimated Rs7,017 crore.

Investing.com -- Shares of the country's largest private power company Adani Power (NS: ADAN ) zoomed 4.98% to Rs 432.45 apiece at 1:23 pm after jumping to a ...

We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. [APSE ](/equities/mundra-port-special-eco.-zone)) Power will help the latter expand its operations in the thermal power sector of Chhattisgarh. DB Power owns and runs a 1,200 MW thermal power plant in Chhattisgarh's Janjgir Champa district, and the acquisition by Adani (NS: [ADAN ](/equities/adani-power)) zoomed 4.98% to Rs 432.45 apiece at 1:23 pm after jumping to a new lifetime high of Rs 432.5 apiece on Monday, extending its gaining streak for the eighth consecutive session.

Both sides signed an agreement for the all cash deal on Friday afternoon. The initial term of the MOU shall be till completion of the acquisition October 31 ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The company clocked a turnover of Rs 3,488 crore for FY 2021-22. Adani Power rose about 4 per cent to Rs 428, hitting its new 52-week high. The scrip had settled at Rs 95.45 on Friday. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) DB Corp is the flagship company of Dainik Bhaskar Group. Both sides signed an agreement for the all cash deal on Friday afternoon. Dainik Bhaskar’s power business comes under a separate holding company. [Russian Banks Line up for A/cs with Indian Lenders](/epaper/delhicapital/2022/aug/22/et-front/russian-banks-line-up-for-a/cs-with-indian-lenders/articleshow/93696954.cms) Companies making incomplete or false disclosures to the Competition Commission of India (CCI) will face aggravated penalties, chairperson Ashok Kumar Gupta told ET.Provisions in the Competition (Amendment) Bill, 2022, for faster approval of mergers and acquisitions (M&As) will work on a trust-based system, he said. [RIL Files Contempt Petition Against Sebi Before Apex Court](/epaper/delhicapital/2022/aug/22/et-front/ril-files-contempt-petition-against-sebi-before-apex-court/articleshow/93696966.cms) Gautam Adani-led Adani Power has agreed to buy the thermal power assets of DB Power (DBPL) from Dainik Bhaskar Group for around Rs Rs 7,017 crore enterprise valuation.