Adani Power Ltd. has reported significant financial growth and acquired Mahan Energen Ltd., strengthening its position in India's growing electricity market.

Information on the Target

Adani Power Ltd. (APL), a subsidiary of the Adani Group, is one of India's leading private sector power generation companies. APL provides a substantial portion of the country’s electricity supply and has recently reported significant financial growth in its latest quarterly and annual results for FY 2021-22. The company achieved consolidated total revenues of Rs. 13,308 Crore in Q4 FY22, a remarkable 93% increase from the previous year, and an annual revenue of Rs. 31,686 Crore, representing a 13% growth compared to FY 2020-21.

In the latest quarter, APL also reported an EBITDA of Rs. 7,942 Crore, which is a substantial increase of 271% year-on-year. The profit after tax for Q4 FY22 surged to Rs. 4,645 Crore, a considerable rise from Rs. 13 Crore recorded in Q4 FY21. These figures highlight APL's strong performance and its vital role in meeting India’s growing electricity demand, particularly amidst increasing challenges in the energy market.

Industry Overview in India

The electricity sector in India is witnessing a strong uptrend driven by both economic growth and seasonal factors such as heatwaves. For the fiscal year 2021-22, the national energy demand grew by 8.2% compared to the previous year, reaching an aggregate of 1,380 Bn Units (BU). Moreover, peak pow