Gautam Adani Group’s power company i.e. Adani Power has made a plan to raise funds. The company plans to raise funds up to Rs 5,000 crore through a public issue and/or private placement of non-convertible debentures (NCDs) in one or more tranches. A meeting for this is going to be held on 28th October. Let us inform you that Adani Power has informed the stock exchanges about this after the market is closed. Earlier on Wednesday, shares of Adani Power closed at Rs 583.05 on NSE, which is Rs 5.10 or 0.87% lower than Tuesday’s closing price.
When did the share give how much return?
Adani Power shares have given 84% returns in the last 12 months, outperforming the Nifty. Nifty returns are around 26% in the same period. So far in 2024, this stock has given 11% returns. Let us tell you that Adani Power is a part of the group with a power generation capacity of 15,250 MW. This includes thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh and Jharkhand and a 40 MW solar power project in Gujarat.
Results of Adani Group’s media company
Media company New Delhi Television Limited (NDTV) has suffered a loss of Rs 53.45 crore in the second quarter of the current financial year. Adani Group’s media company NDTV had earned a profit of Rs 5.55 crore in the July-September quarter of the last financial year. However, the company’s operating income increased by 16.5 percent to Rs 111.32 crore in the quarter. It was Rs 95.55 crore in the same period a year ago. Adani Group’s media company’s total expenses increased by 76.25 percent to Rs 164.76 crore in the September quarter. Meanwhile, shares of NDTV closed 0.77 per cent lower at Rs 167.90 on BSE.
