BOM:533096

Adani Power Incorporates Power Trading Subsidiary

Adani Power (NSE:ADANIPOWER, BOM:533096) incorporated a wholly owned subsidiary, Integrated Power Supply, on May 14, according to an Indian bourse filing on Sunday.Shares of the company fell nearly 1% in Monday's trade.The subsidiary has been set up to undertake electricity and energy trading activities, including acting as trader, agent and broker, the filing said.

ICICI Securities Downgrades Adani Power to Add from Buy; Price Target is INR233

Jefferies Adjusts Adani Power's Price Target to INR255 From INR185, Keeps at Buy

Adani Power (NSE:ADANIPOWER, BOM:533096) has an average rating of buy and mean price target of 190.14 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Adani Power's Consolidated Net Profit Soars in Fiscal Q4

Adani Power (NSE:ADANIPOWER, BOM:533096) consolidated net profit jumped to 40.2 billion Indian rupees in the fiscal fourth quarter, from 26.4 billion rupees a year ago, according to an Indian bourse filing on Wednesday.Earnings per share for the quarter ended March 31 climbed to 2.08 rupees from 1.32 rupees a year earlier.The company's revenue from operations slipped marginally to 142.2 billion rupees from 142.4 billion rupees a year ago, the filing said.

Adani Power Forms New Step-Down Subsidiary for Nuclear Energy

Adani Power (NSE:ADANIPOWER, BOM:533096) has incorporated a step-down subsidiary named "Rawatbhata-Raj Atomic Energy" for nuclear energy, according to a Tuesday filing to the Indian stock exchanges.The new entity is wholly owned by Adani Atomic Energy, which is a wholly-owned subsidiary of the company.It has been formed to generate, transmit, and distribute power derived from nuclear and atomic energy. It was incorporated with an authorized capital of 500,000 divided into 50,000 equity shares of 10 rupees each.