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Adani Power Ltd


BSE: 533096 | NSE: ADANIPOWER | ISIN: INE814H01011 
Market Cap: [Rs.Cr.] 10,987 | Face Value: [Rs.] 10
Industry: Power Generation And Supply

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Board Meet

14-May-12 
Adani Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 14, 2012, inter alia, to consider and approve the Audited Financial Results for the quarter and year ended March 31, 2012. Adani Power Ltd has informed BSE that the Board of Directors of the Company at it meeting held on May 14, 2012, inter alia, has approved the following: - Appointment of Mr. Ravi Sharma and Mr. Vineet Jain as Executive Directors of the Company for a period of three years w.e.f. May 14, 2012 and acceptance of resignation of Mr. Ravi Sharma as a Whole Time Director of the Company w.e.f. May 13, 2012. (As Per BSE Announcement Dated On 14.05.2012) 
06-Feb-12 
Adani Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 06, 2012, to consider and take on record the Unaudited Financial Results for the quarter ended December 31, 2011 (Q3). Adani Power Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 06, 2012, inter alia, has approved the following; 1. Consolidation of transmission line business of the Company in a new entity in order to integrate transmission line projects spread across various entities of Adani Group under one umbrella. (As Per BSE Announcement Website dated on 06.02.2012) 
11-Nov-11 
Adani Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 11, 2011, to consider and take on record the Unaudited Financial Results for the quarter and half year ended September 30, 2011 (Q2). 
04-Aug-11 
Adani Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 04, 2011, to consider and take on record the Unaudited Financial Results for the quarter ended June 30, 2011 (Q1). 
07-Jul-11 
To consider, take on record and approve the Valuation Report, Exchange Ratio and the Scheme of Amalgamation of Growmore Trade and Investment Pvt. Ltd., Mauritius with the Company. 

AGM

10-Aug-11
Adani Power Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company shall remain closed from August 05, 2011 to August 10, 2011 (both days inclusive) for the purpose of Annual General Meeting to be held on August 10, 2011. Adani Power Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on August 10, 2011 at J. B. Auditorium, AMA Complex, ATIRA, Dr. Vikram Sarabhai Marg, Ahmedabad - 380 015, have unanimously approved following resolutions: 1. Adoption of the Audited Balance Sheet of the Company as on March 31, 2011, the Profit and Loss Account, the Cash Flow Statement, the Reports of the Directors' and Auditors' thereon for the year ended on that date. 2. Re-appointment of Mr. Vijay Ranchan as Director retiring by rotation. 3. Re-appointment of Mr. Chinubhai R. Shah as Director retiring by rotation. 4. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad and fixing their remuneration as Statutory Auditors of the Company till the conclusion of next Annual General Meeting. 5. Appointment & payment of remuneration to Mr. Ravi Sharma as Director and Whole Time Director of the Company for a period of 5 years w.e.f. February 08, 2011. 6. Increase in Authorised Share Capital from Rs. 3000/- Crores to Rs. 4000/- Crores (consisting of 350 Crores Equity Shares of Rs. 10/- each and 50 Crores Cumulative Compulsorily Convertible Participatory Preference Shares of Rs. 10/- each). (As Per BSE Announcement Website dated on 10.08.2011) 
21-Aug-10
AGM 21/08/2010 Adani Power Ltd has informed BSE that the members at the 14th Annual General Meeting (AGM) of the Company held on August 21, 2010, inter alia, have unanimously approved the following resolutions: 1. Adoption of the Audited Balance Sheet as on March 31, 2010, the Profit and Loss Account for the year ended on that date, the Cash Flow Statement of the Company for the year ended on that date and the Reports of the Directors' and Auditors1 thereon. 2. Re-appointment of Mr. Gautam S. Adani as Director retiring by rotation. 3. Re-appointment of Mr. Rajesh S. Adani as Director retiring by rotation. 4. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad, as Statutory Auditors of the Company till the conclusion of the next Annual General Meeting of the Company and fixing their remuneration. 5. Appointment of Mr. R.K Madan, as Director retiring by rotation. 6. Appointment of Mr. Ameet H. Desai as an Executive Director for a period of five years w.e.f November 01, 2009 and payment of remuneration to him w.e.f. April 01, 2010. 7. Approval of payment of commission to all or some of Independent Directors of the Company upto 1 % of net profit of the Company. 8. Approval of increase in the limit of borrowing u/s 293(1) (d) of the Companies Act, 1956 from Rs. 20,000 Crores to Rs. 35,000 Crores. 9. Approval of increase in limit of Donation limit u/s 293(1) (e) of the Companies Act, 1956 from Rs. 10 Crores to Rs. 30 Crores. 10. Approval of alteration of clause 102 of Articles of Association of the Company regarding Seal of the Company. (As Per BSE Announcement Website dated on 21.08.2010) 

EGM

12-Sep-11
Adani Power Ltd has informed BSE that by an order dated August 01, 2011, the Hon'ble High Court of Gujarat at Ahmedabad has directed that a meeting of the equity shareholders of Adani Power Ltd. be called and convened on September 12, 2011 at 11.00 a.m. at Ahmedabad Textile Mills' Association (ATMA) Hall, Ashram Road Navrangpura, Ahmedabad - 380009 in the state of Gujarat, for the purpose of considering and if thought fit, approving with or without modification(s), the Scheme of Amalgamation of Grow more Trade and Investment Pvt. Ltd. with Adjani Power Ltd., the Transferee Company, as proposed between the Applicant Company and its Equity Shareholders. 

Peer Comparison

Company Market Cap
(Rs. in Cr.) 		P/E (TTM)
(x) 		P/BV (TTM)
(x) 		EV/EBIDTA
(x) 		ROE
(%) 		ROCE
(%) 		D/E
(x)
NTPC 117,332.90 12.72 1.60 11.16 14.0 13.3 0.62
Power Grid Corpn 48,565.87 16.34 2.25 10.87 14.3 9.8 2.00
Reliance Power 26,185.89 84.10 1.63 123.52 0.6 0.7 0.05
NHPC Ltd 22,264.34 8.74 0.91 10.00 9.1 8.8 0.59
Tata Power Co. 21,179.92 18.10 1.97 18.10 8.6 9.1 0.59
Neyveli Lignite 12,029.18 8.64 1.08 7.53 12.1 12.5 0.38
Reliance Infra. 11,955.53 6.50 0.70 13.01 6.8 6.9 0.25
Adani Power 10,987.35 0.00 1.82 31.10 8.6 5.8 2.24
JP Power Ven. 9,357.27 23.15 1.68 25.22 4.1 5.0 2.04
Torrent Power 9,151.36 7.40 1.59 6.66 24.4 22.3 0.82
SJVN 7,673.43 7.25 1.06 5.02 13.2 15.2 0.25
JSW Energy 7,167.02 20.05 1.16 9.99 15.6 15.1 0.66
CESC 3,354.64 5.94 0.70 5.77 12.0 12.0 0.94
Lanco Infratech 2,920.66 19.25 0.86 15.68 8.4 11.6 0.99
Indiabulls Power 2,581.46 48.29 0.60 382.81 0.2 0.3 0.07

Futures & Options Quote

 
Expiry Date
50.60 0.95  (1.9%)
Instrument: FUTSTK
Expiry Date: 31 May 2012
Open Price: 50.00
Average Price: 50.19
No. of Contracts Traded: 1,292,000
Open Interest: 12,064,000
Underlying: ADANIPOWER
Market Lot: 4000
Previous Close: 50.60
Day’s High | Low: 50.80 | 49.55
Turnover (Cr.): 6.48
Open Int. Change: -100,000.00 ( [0.8]% )
View detailed F& O quotes >>

Key Information

Key Executives:

B B Tandon , Director 

Rajesh S Adani , Managing Director & CEO 

Chinubhai R Shah , Director 

Vijay Ranchan , Director 

Company Head Office / Quarters:
Shikhar Near Adani House,
Mithakhali Six Rd Navrangpura,
Ahmedabad,
Gujarat-380009
Phone : 91-79-26565555
Fax : 91-79-26565500
E-mail : investorgrievance@adanipower.com
Web : http://www.adanipower.com
Registrars:
Karvy Computershare Pvt Ltd
Plot No 17-24
Vittal Rao Nagar
Madhapur
Hyderabad-500081

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