Adani Power surges on getting MERC’s nod for compensatory tariff

Adani Power Ltd. | Power Generation/Distribution | Power | BSE: 533096 | NSE: ADANIPOWER

16 May 2014 Evaluate

Adani Power is currently trading at Rs. 57.15, up by 2.20 points or 4.00% from its previous closing of Rs. 54.95 on the BSE.

The scrip opened at Rs. 58.55 and has touched a high and low of Rs. 59.50 and Rs. 56.75 respectively. So far 6281699 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.40 on 21-May-2013 and a 52 week low of Rs. 29.45 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 59.50 and Rs. 46.75 respectively. The current market cap of the company is Rs. 16369.96 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 7.42% and 17.58% respectively.

Adani Power has received Maharashtra Electricity Regulatory Commission’s (MERC) nod for compensatory tariff of Rs 1.01 a unit for its 1,320 Mw Tiroda power project in the state.

This will be above the tariff of Rs 2.67 a unit according to the power purchase agreement between Adani Power Maharashtra (APML) and the Maharashtra State Electricity Distribution Company (MahaVitaran). However, MERC has proposed a reduction of 20 per cent in return on equity. Thereby, the total power purchase cost from the 800 Mw for MahaVitaran works out to Rs 3.56 a unit.

However, MERC said that the indicative compensatory energy charge would be reduced when APML progressively secured 100 per cent domestic linkage coal for 800 Mw.

Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.

Adani Power Share Price

230.90 -2.00 (-0.86%)

24-Jun-2026 14:45 View Price Chart

Peers

Company Name	CMP
NTPC	359.85
Tata Power	395.50
Power Grid Corp	292.15
Adani Power	230.90
Torrent Power	1454.45
View more..

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