Due to decent power demand and higher operational capacity, Adani Power’s consolidated net income increased by 7 % from a year ago, but profits have grown 5.2 % with a low -ranking tariff.
The company sold 23.3 billion units in the third quarter, increasing 8 % the previous year, increasing demand in December. The newly acquired power plants of Dahanu, Moxie Power Generation, and Korba Power have contributed to Power Dispatch.
Increase in demand
He said that there was an increase in demand not only in short -term markets but also from merchants. Due to the increase in supply, the selling price was softer during the quarter, and the average liquidation price for Indian energy exchange decreased by 26 % a year. The company said that the government, which expects peak power demand to reach 270 GW in the summer of 2025 last year, will solidify the price of a merchant.
Adani Power reported 2,940 crawl net income in the third quarter of 1,3671 crawl revenue. Operating income increased 23.5 % to 6,185 crawls.
The company has been progressing rapidly in the lack of construction projects, and is going to achieve goals exceeding 30 GW by 2030 by 2030 to achieve goals exceeding 30 GW by 2030. I said.
In a quarter, we signed a 25 -year power agreement with a power distribution company in Maharashtra.