A 800 MW unit at Adani Power Ltd's (APL) thermal plant in Jharkhand has reportedly started operating commercially. The Adani Group company stated in a filing that the second unit of the 1600 MW project is also nearing completion and will likely be commissioned soon. This is to advise you that unit 1 of the Adani Power (Jharkhand) Limited's ("APJL") 2x800 MW ultra-supercritical power facility, located in Godda, has
achieved commercial operations, it stated. APJL, a fully-owned subsidiary of Adani Power, would provide the Bangladesh Power Development Board with electricity through a 25-year Power Purchase Agreement (PPA) for a matching net capacity of 748 MW from unit 1. With effect from April 6, 2023, "APJL has begun processing its claims under the PPA," it declared.
The second 800 MW unit is currently nearing completion and will shortly be put into service. For the quarter that ended on December 31, 2022 (Q3FY23), Adani Power's consolidated net profit decreased 96% year over year to 8.7 crore, while its consolidated revenue from operations increased 44.8% year over year to 7,764.4 crore.
Earnings before interest, taxes, depreciation, and amortisation, or EBITDA, for the entire company fell 17% to Rs. 1,469.7 crore. On the National Stock Exchange, Adani Power shares ended the day on Thursday with a 1.1% gain, closing at 192.20 per share. Due to a public holiday, the financial markets in India were closed on Friday.
