Summary:
Ahmedabad: Adani Power Ltd, a part of Adani Group, today announced the financial results[1] for the first quarter of FY 2020-21. Financial performanceConsolidated total revenue for Q1 FY21 stood atRs. Adani Power Ltd.
has also signed a definitive agreement to acquire a 49% stake in Odisha Power Generation Corporation Ltd.
(OPGC) from the affiliates of AES Corporation, a US-based energy company, for the INR equivalent of USD 135 million. OPGC operates a 1,740 MW thermal power plant in Odisha, which includes a recently commissioned Supercritical capacity of 1,320 MW. Commenting on the quarterly results of the Company, Mr.
Gautam Adani, Chairman, Adani Group said, “Adani Power continues to march ahead towards achievement of its vision to play an important rolein fulfilling India'sgrowing demand for electricity..