Adani Power emerges as the largest private thermal power player in the country with a generation capacity of 10440 MW

Adani Power emerges as the largest private thermal power player in the country with a generation capacity of 10440 MW
Ahmedabad, May 11, 2015: Adani Power Ltd, a subsidiary of Adani Enterprises Ltd and a part of Adani Group, today announced the financial results for the fourth quarter and financial year ended March 31, 2015.
Consolidated total income for the year increased by 24% to Rs 19,545 crore compared to Rs 15,768 crore in the same period last year. Revenue increased because of higher Effective Operational Capacity of 8,891 MW as compared to 7,182 MW in the corresponding previous year. The consolidated EBIDTA increased by 17% to Rs 6,083 crore compared to Rs 5,211 crore in the same period last year.
Consolidated total income for the quarter was Rs 4,668 crore. The consolidated EBIDTA for the quarter stood at Rs 1360 crore.
Exceptional item during the quarter and the year is mainly due to gain arising as a result of demerger of transmission business and subsequent stake sale of transmission business to Adani Transmission Limited.
During the quarter and the year, the company has revised the estimated useful life of the Fixed Assets as prescribed in Schedule-II of the Companies Act, 2013 and consequently the depreciation charge for the quarter and the year is lower by Rs 720 crore.
Commenting on the financial performance of the Company Mr. Gautam Adani, Chairman, Adani Power said, “The past year has been a momentous one for everyone at Adani Power as we became India’s largest Private power producer and now with the completion of acquisition of Udupi Power Plant our installed capacity has increased to 10,440 MW. We remain committed to continue expanding towards the goal of achieving a generation capacity of 20000 MW by 2020 to bridge the power deficit in the country.”
Mr. Vneet Jaain, Chief Executive Officer of Adani Power, said, “We had a robust year of overall performance with the completion of all announced projects and stabilization of operations at all plants. We continue on our path of growth focusing on generation and operational excellence. With implementation of policy measures, execution of tariff orders and likelihood of improved domestic coal availability, we are confident of better performance in ensuing year.”

About The Adani Group
The Adani Group is one of India’s leading business houses with revenue of over $9.4 billion.
Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals – resources, logistics and energy. The integrated model is well adapted to the infrastructure challenges of the emerging economies.
The Group has also made significant inroads in the agri-infrastructure business by setting up grain storage silos and cold storage facilities, catering to storage of apples from Himachal Pradesh. We are a market leader in edible oil business with our Fortune brand of oil leading the pack.
We live in the same communities where we operate and take our responsibility towards the society very seriously. Through Adani Foundation, we ensure development and progress is sustainable and inclusive; not just for the people living in these areas, but the environment on the whole. At Adani, we believe in delivering benefits that transcend our immediate stakeholders.
cid:image002.png@01D08BFF.972FADB0Resources means obtaining Coal from mines and trading; in future it will also include oil and gas production.
Adani is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries. Currently, we are the largest coal importers in India. We also have extensive interests in oil and gas exploration. Our extractive capacity has increased three folds to 4 MMT in 2014 and we aim to extract 200 MMT per annum by 2020, thereby making Adani one of the largest mining groups in the world.
cid:image003.png@01D08BFF.972FADB0 Logistics denotes a large network of Ports, Special Economic Zone (SEZ) and Multi-Modal Logistics – Railways and Ships.
Adani owns and operates seven ports and terminals – Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Orissa, Mormugao in Goa and Visakhapatnam in Andhra Pradesh, India. Mundra Port, which is the largest port in India, benefits from deep draft, first-class infrastructure and SEZ status. It crossed the 100 MMT mark of cargo handling in FY14. Adani is also developing terminal at Ennore in Tamil Nadu, India.
cid:image004.png@01D08BFF.972FADB0 Energy involves Power generation & transmission and Gas distribution.
Adani is the largest private thermal power producer in India with an installed capacity of 10,480 MW. Our four power projects are spread out across the states of Gujarat, Maharashtra, Karnataka and Rajasthan.
We also provide a range of reliable and environment friendly energy solutions, in the form of CNG and PNG. In fact, the above-mentioned installed capacity also includes a 40 MW solar plant at Bitta, Gujarat.