Adani Power’s net profit rose to Rs 4,645 crore in the March quarter.
Adani Power Limited is an Indian energy company and a subsidiary of the Adani Group, an Indian joint venture. Adani Power is a private thermal power company with a capacity of 12,450 MW.
In this context, Adani Power’s consolidated net profit stood at Rs. Profit rose to Rs 4,645.47 crore in the March quarter from Rs 13.13 crore in the year-ago period. In particular, the company’s total income rose 93 per cent to Rs 13,308 crore in the March quarter, from Rs 6,902 crore in the year-ago period, according to Adani Power.
According to the company, India’s electricity demand continues to grow strongly due to economic growth and extreme heat in the northwestern part of the country. Similarly, peak power demand recorded a growth of 6.7 per cent in 2021-22, reaching a record level of 203 GW, compared to the 2020-21 financial year.
As a result, they have affected the capacity of many thermal power plants in India, restricting their power generation and generating electricity at the lowest possible cost. 8.23 / kWh.
As a result, Adani Power’s profit rose to Rs 4,911.58 crore from Rs 1,269.98 crore in 2020-21. Adani Group Chairman Gautam Adani said: Is committed to fulfilling and helping to advance the vision of progress and prosperity for all, ”he said.