Adani Power Announces Q1 Results, CEO Says Growing From Strength To Strength
NDTV
Adani Power, a statement said, has transitioned to an era of greater regulatory certainty after satisfactory resolution of all major regulatory matters
Adani Power has announced its results for the first quarter of 2024-25 fiscal, reporting a 30 per cent year-on-year continuing revenue growth. Continuing EBIDTA, meaning earning before interest, taxes, depreciation, and amortization, has grown 53 per cent. And the continuing Profit Before Tax grew 95 per cent year-on-year.
"As Adani Power grows from strength to strength, we have undertaken advance development activities to secure execution pipelines for three Ultra-supercritical projects of 1,600 MW each to prepare ourselves for the anticipated resurgence in the thermal power sector. Our strategic focus is to derisk our growth plans by utilizing high efficiency, low emission technologies, pooling our deep experience and multi-domain expertise for project development, securing access to fuel resources, and revitalizing the organization to become more agile and competitive in the digitalized world," SB Khyalia, CEO of Adani Power Limited, said in a statement.
"Adani Power is dedicated to enhancing lives and ensuring India's energy security by proactively addressing the need for sustainable, affordable, and reliable power, while also being a responsible steward of the environment and surrounding communities," it added.
