Adani Power

Adani Power was started as a power trading company in 1996.{{Cite web|title=Adani Power History {{!}} Adani Power Information – The Economic Times|url=https://economictimes.indiatimes.com/adani-power-ltd/infocompanyhistory/companyid-23479.cms|website=The Economic Times|access-date=2020-05-05}}

• 2009 – It started generation in July 2009 by RAM implementation of its first 330 MW of 4,620 MW at Mundra.{{Cite news|date=2009-05-26|title=Adani commissions first unit of 4620 MW Mundra plant|work=Business Standard|url=https://www.business-standard.com/article/companies/adani-commissions-first-unit-of-4620-mw-mundra-plant-109052600027_1.html|access-date=2020-05-05}} This is the largest single location coal-based power project in India.{{Cite web|title=Mundra world's largest coal-fired pvt power plant – Times of India|url=https://timesofindia.indiatimes.com/business/india-business/Mundra-worlds-largest-coal-fired-pvt-power-plant/articleshow/12241236.cms|last1=Pandey|first1=Piyush|date=March 13, 2012|website=The Times of India|language=en|access-date=2020-05-05}}
• 2010 – The company commissioned another three 330 MW by November 2010 and country's first supercritical unit of 660 MW on 22 December 2010, making its capacity 1,980 MW.{{Cite news|title=Adani Power Ltd.|work=Business Standard|url=https://www.business-standard.com/company/adani-power-17808/information/company-history|access-date=2020-05-05}}
• 2011 – On 6 June 2011, it synchronised its second unit of 660 MW bringing the total generating capacity to 2,640 MW{{Cite web|title=Adani Power synchronises second unit of 660MW at Mundra|url=http://www.moneylife.in/article/adani-power-synchronises-second-unit-of-660mw-at-mundra/17037.html|website=Moneylife News & Views|access-date=2020-05-05}} and on 2 October 2011, it synchronised its third super critical unit with national grid.{{Cite news|date=2010-08-05|title=Adani Power to commission 16,500 MW by 2013 end|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/adani-power-to-commission-16500-mw-by-2013-end/articleshow/6261321.cms?from=mdr|access-date=2020-05-05}}
• 2012 – In February 2012, it commissioned the last unit of Mundra Project to take its capacity to 4,620 MW which made the Mundra TPP the largest privately held thermal power plant in the world and fifth largest on an overall basis, as of March 2012.{{Cite news|last=Thakkar|first=Mitul|date=2013-12-31|title=Adani Power generates highest 4644 mw at Mundra Project|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/adani-power-generates-highest-4644-mw-at-mundra-project/articleshow/28193079.cms?from=mdr|access-date=2020-05-05}} This plant became the third-largest thermal power plant in the world after its completion.{{Cite web|title=Mundra Power Plant, Gujarat, India|url=https://www.powerinfotoday.com/asia/mundra-power-plant-gujarat-india/|language=en-US|access-date=2020-05-05}}
• 2013 – In 2013, the company commissioned a 40 MW solar power project in Kutch, Gujarat. This is the largest solar power project in the country and marked the group's entry into the renewable energy sector.{{Cite news|agency=Press Trust of India|date=2012-01-05|title=Adani Group commissions largest solar power project|work=Business Standard|url=https://www.business-standard.com/article/companies/adani-group-commissions-largest-solar-power-project-112010500160_1.html|access-date=2020-05-05}}
• 2014 – On 3 April 2014, the company announced the commissioning of the fourth unit of 660 MW at its power plant at Tiroda in Maharashtra,{{Cite news|date=2013-06-20|title=APL commissions third unit of 660 Mw at Tiroda|work=Business Standard|url=https://www.business-standard.com/article/companies/apl-commissions-third-unit-of-660-mw-at-tiroda-113062001056_1.html|access-date=2020-05-05}} thus emerging as the largest private power producer in India, with an overall installed capacity of 9,280 MW.{{Cite web|title=SunEdison, Adani to build $4 billion Gujarat solar facility|url=https://www.livemint.com/Industry/hBLp1etYY06mPlRiZ5ElwM/SunEdison-Adani-to-build-4-bn-Gujarat-solar-facility.html|last=Sanjai|first=P. R.|date=2015-01-12|website=Livemint|language=en|access-date=2020-05-05}} The fifth unit was commissioned later in 2014.{{Cite web|title=Tiroda Thermal Power Plant|url=https://www.swapdial.com/public/knowledge-contents/industrial-data/tiroda-thermal-power-plant/|website=www.swapdial.com|access-date=2020-05-05|archive-date=26 November 2022|archive-url=https://web.archive.org/web/20221126091238/https://www.swapdial.com/public/knowledge-contents/industrial-data/tiroda-thermal-power-plant/|url-status=dead}}
• 2015 – the company announced the completion of acquisition of Udupi Power Corporation Limited on 11 May 2015.{{Cite news|agency=PTI|date=2015-04-21|title=Adani Power completes acquisition of Lanco Infra's Udupi plant|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/Industry/adani-power-completes-acquisition-of-lanco-infras-udupi-plant/article7126182.ece|access-date=2020-05-05|issn=0971-751X}} With this, Adani Power has a total commissioned capacity of 10,440 MW,{{Cite web|title=Adani Power swings back to profit|url=https://www.livemint.com/companies/news/adani-power-swings-back-to-profit-1559207512545.html|last=Thomas|first=Tanya|date=2019-05-30|website=Livemint|language=en|access-date=2020-05-05}} making the company the largest private power producer in India.{{Cite web|title=Can Tata beat Adani in the renewable battle?- Business News|url=https://www.businesstoday.in/opinion/perspective/can-tata-beat-adani-in-the-renewable-battle/story/263120.html|website=www.businesstoday.in|date=November 2017 |access-date=2020-05-05}}
• 2017 – In 2017, one of its units created a national record by continuously operating for 600 days.{{Cite web|title=Adani's Mundra plant sets record with 600 days of continuous generation|url=https://www.thehindubusinessline.com/companies/adanis-mundra-plant-sets-record-with-600-days-of-continuous-generation/article9565106.ece|website=@businessline|date=March 2017 |language=en|access-date=2020-05-05}}
• 2019 – In the fourth quarter ended on 31 March 2019, Adani Power reported a consolidated net profit of {{currency|634.64|INR}} crores.{{Cite news|date=2019-05-29|title=Adani Power registers Rs 634.64 crore profit in Q4|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/earnings/adani-power-registers-rs-634-64-crore-profit-in-q4/articleshow/69562594.cms?from=mdr|access-date=2020-05-05}} In the same fiscal the previous year, the company had reported a consolidated net loss of {{INR|653.25}} crore.{{Cite web|title=Adani Power shares jump nearly 7 pc post Q4 results|url=https://www.financialexpress.com/market/adani-power-shares-jump-nearly-7-pc-post-q4-results/1593514/|date=2019-05-30|website=The Financial Express|language=en-US|access-date=2020-05-05}}
• In 2024, Adani Power acquired Lanco Amarkantak.{{cite web |title=Adani Power Strengthens Grip on Indian Power Sector with Lanco Amarkantak Acquisition |url=https://www.brutimes.com/news/business/adani-power-strengthens-grip-on-indian-power-sector-with-lanco-amarkantak-acquisition |website=Bru Times News |language=en}}{{cite web |title=CCI clears Adani Power's purchase of Lanco Amarkantak |url=https://economictimes.indiatimes.com/industry/energy/power/cci-clears-adani-powers-purchase-of-lanco-amarkantak/articleshow/108798033.cms |website=The Economic Times |date=26 March 2024}}

• Mundra Thermal Power Station: 4,620 MW (4×330 MW + 5×660 MW) coal-based thermal power plant at Mundra, Kutch district, Gujarat.{{Cite web|title=Adani Power Limited|url=https://swapdial.com/public/knowledge-contents/industrial-data/adani-power-limited/|website=swapdial.com|access-date=2020-05-05|archive-date=26 November 2022|archive-url=https://web.archive.org/web/20221126091236/https://swapdial.com/public/knowledge-contents/industrial-data/adani-power-limited/|url-status=dead}} It operates first power transmission project of 400 kV Double Circuit Transmission System from the Mundra plant to Dehgam (430 km).{{Cite web|title=Power Generation – Mundra Dehgam Transmission Line Manufacturer from Gurgaon|url=https://www.indiamart.com/avanthagroup/|website=IndiaMART.com|language=en|access-date=2020-05-05}}
• Kawai Thermal Power Station: 1,320 MW (2×660 MW) coal-based thermal power plant at Kawai village, Baran district, Rajasthan. This plant is fully functional.{{Cite web|title=Facts about Kawai Thermal Power Plant, Rajasthan|url=https://blog.dialmenow.in/2019/04/facts-about-kawai-thermal-power-plant.html|website=Dial Me Now|access-date=2020-05-05}}
• Tiroda Thermal Power Station: 3,300 MW (5×660 MW) coal-based thermal power plant at Tirora, Gondia district, Maharashtra.{{Cite news|date=2013-06-20|title=Adani Power commissions third unit of 660 Mw at Tiroda|work=Business Standard|url=https://www.business-standard.com/article/companies/adani-power-commissions-third-unit-of-660-mw-at-tiroda-113062000369_1.html|access-date=2020-05-05}} It is Maharashtra's largest coal-fired thermal power station.
• The company produces 40 MW of solar power in Bitta, Kutch Gujarat. This power plant was commissioned in 2011 within 165 days.

• Udupi Power Plant: 1,200 MW (2×600 MW) coal-based thermal power plant at Padubidri, Udupi district, Karnataka.{{Cite web|title=Lanco Infratech Limited|url=http://www.lancogroup.com/DynTestForm.aspx?PageID=13|website=www.lancogroup.com|access-date=2020-05-05}} Bo from Lanco Infratech in August 2014 for {{INR}} 6,000 crores.{{Cite web|title=Adani buys Lanco plant in Rs 6,000 crore deal |url=https://timesofindia.indiatimes.com/business/india-business/Adani-buys-Lanco-plant-in-Rs-6000-crore-deal/articleshow/40227743.cms|date=August 14, 2014|website=The Times of India|language=en|access-date=2020-05-05}}
• Raikheda Thermal Power Station: On 2 August 2019, the firm completed the acquisition of GMR Chhattisgarh Energy Ltd. (GCEL) which owns and operates a power plant in Raikheda village in Raipur.{{Cite web|title=Adani Power Ltd completes acquisition of GMR Chhattisgarh Energy Ltd|url=https://equitybulls.com/admin/news2006/news_det.asp?id=254414|date=2019-08-02|website=EquityBulls|access-date=2020-05-05|archive-date=2 August 2019|archive-url=https://web.archive.org/web/20190802210857/https://www.equitybulls.com/admin/news2006/news_det.asp?id=254414|url-status=dead}} The acquisition was concluded at an enterprise valuation of {{INR}} 3,530 crore. This addition has led to an increase in APL's total capacity to 12,450 MW. With this, APL has become the largest private sector thermal power producer.
• Avantha Korba West Power Station: The firm got approval from NCLT in 07-Sep-2019 to takeover this plant.{{Cite web|title=Adani Continues to Grab Power Sector, Gets 2 More Thermal Power Plants|url=https://www.newsclick.in/Adani-Power-Sector-Thermal-Power-Plants-NCLT-Chhattisgarh|date=2019-09-07|website=NewsClick|language=en|access-date=2020-05-05}}
• Adani Green House has rallied 29 percent after the announcement that the company has commissioned a 75MW wind power project.
• On 19th Aug 2022 Adani power announced it will acquire DB Power Limited (DBPL) from Dainik Bhaskar Group for around Rs 7,017 crore, the company revealed in a regulatory filing.{{Cite web |date=2022-08-19 |title=Gautam Adani's Adani Power to acquire DB Power for Rs 7,017 cr |url=https://www.businesstoday.in/latest/deals/story/gautam-adanis-adani-power-to-acquire-db-power-for-rs-7017-crore-345110-2022-08-19 |access-date=2022-08-23 |website=Business Today |language=en}}

As of January 2011, the company has 16,500 MW{{Cite web|title=Adanis dedicates to nation 1,000-km power transmission system|url=https://www.thehindubusinessline.com/economy/adanis-dedicates-to-nation-1000-km-power-transmission-system/article23114492.ece|website=@businessline|date=18 May 2012 |language=en|access-date=2020-05-05}} under implementation and planning stage. Included are a 3,300 MW coal-based TPP at Bhadreswar in Gujarat; a 2,640 MW TPP at Dahej, Gujarat; a 1,320 MW TPP at Chhindwara in Madhya Pradesh; a 2,500 MW TPP at Anugul, Orissa;{{Cite web|title=Adani Power's Mundra unit may go on stream next week|url=https://www.thehindubusinessline.com/companies/adani-powers-mundra-unit-may-go-on-stream-next-week/article20339774.ece|website=@businessline|date=23 September 2011 |language=en|access-date=2020-05-05}} a 2,000 MW TPP at Sambalpur,{{Cite news|date=2014-08-26|title=Adani Group plans to build Rs 12,500 crore power plant in Odisha|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/adani-group-plans-to-build-rs-12500-crore-power-plant-in-odisha/articleshow/40931637.cms?from=mdr|access-date=2020-05-05}} Orissa; and a 2,000 MW gas-based power project at Mundra, Gujarat.{{Cite web|title=LNG terminal, gas power plant planned at Mundra|url=https://www.projectstoday.com/News/LNG-terminal-gas-power-plant-planned-at-Mundra|website=www.projectstoday.com|access-date=2020-05-05}} The company is bidding for a 1,000 MW lignite coal-based power plant in Kosovo.{{Cite news|date=2010-03-08|title=Adani Power in race for 1,000-mw Kosovo project|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/adani-power-in-race-for-1000-mw-kosovo-project/articleshow/5656184.cms?from=mdr|access-date=2020-05-05}}

{{anchor|BD}}In November 2017, Adani Power (Jharkhand) signed a long-term pact with Bangladesh Power Development Board to supply electricity from its upcoming 1,600 MW plant at Godda in Jharkhand.

As of 2019, the Adani Group is in talks with the Rural electrification Corporation (REC Limited) and Power Finance Corporation (PFC) to set up a 1600 MW Godda Power Project in Jharkhand at a cost of approximately Rs 14,000 crores.{{Cite web|title=Adani Power seeks ₹10,000-cr loan from REC, PFC for Godda plant; to export power to Bangladesh|url=https://www.thehindubusinessline.com/companies/adani-power-seeks-10000-cr-loan-from-rec-pfc-for-godda-plant-to-export-power-to-bangladesh/article25994247.ece|last=Kondratieva|first=Ksenia|website=@businessline|date=14 January 2019 |language=en|access-date=2020-05-05}}

In 2023, Adani awarded a 2x800MW order for their subsidiary Mahan Energen Limited formerly (Essar Mahan Power Plant) in Madhya Pradesh.{{cite web | url=https://www.freepressjournal.in/business/bhel-receives-order-worth-4000-cr-from-mahan-energen-a-subsidiary-of-adani-power | title=BHEL Receives Order Worth ₹4000 Cr from Mahan Energen a Subsidiary of Adani Power }}

Again in 2024 Adani Power have awarded order for 2x800 MW thermal power plant (TPP) in Raipur, Chhattisgarh and 2x800 MW thermal power plant (TPP) in Mirzapur, Uttar Pradesh.{{cite news | url=https://m.economictimes.com/markets/stocks/news/bhel-shares-jump-over-14-50-per-cent-on-receiving-over-rs-3500-crore-order-from-adani-power/articleshow/110757777.cms#:~:text=BHEL%20received%20a%20substantial%20order,TPP)%20in%20Raipur%2C%20Chhattisgarh | title=BHEL shares jump over 14% after winning thermal power project orders, including Adani Power contract | newspaper=The Economic Times | date=6 June 2024 | last1=Singh | first1=Navdeep }}

In January 2023, Hindenburg Research published the findings of a two-year investigation claiming that Adani had engaged in market manipulation and accounting malpractices; Hindenburg also disclosed that it was holding short positions on Adani Group companies.{{cite web |url=https://hindenburgresearch.com/adani/ |title=Adani Group: How The World's 3rd Richest Man Is Pulling The Largest Con In Corporate History |date=January 24, 2023 |website=hindenburgresearch.com |publisher=Hindenburg Research |access-date=January 24, 2023 }}{{cite news |last1=Thomas |first1=Chris |last2=Kalra |first2=Aditya |title=Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge |url=https://www.reuters.com/markets/asia/hindenburg-says-holds-short-positions-indias-adani-flags-risks-2023-01-25/ |access-date=25 January 2023 |work=Reuters |date=25 January 2023 |language=en}}{{cite news |last1=Sorkin |first1=Andrew Ross |last2=Mattu |first2=Ravi |last3=Warner |first3=Bernhard |last4=Kessler |first4=Sarah |last5=Merced |first5=Michael J. de la |last6=Hirsch |first6=Lauren |last7=Livni |first7=Ephrat |title=A Short Seller Takes Aim at an Indian Corporate Giant |url=https://www.nytimes.com/2023/01/25/business/dealbook/short-seller-hindenburg-adani.html |access-date=25 January 2023 |work=The New York Times |date=25 January 2023}}{{cite news |last1=Lockett |first1=Hudson |title=Adani shares take $10.8bn hit after Hindenburg bets against group |url=https://www.ft.com/content/4aedaaf9-9ee8-4334-945c-12ac08429d6a |access-date=25 January 2023 |work=Financial Times |date=25 January 2023}} Bonds and shares of companies associated with Adani experienced a decline in value after the accusations.{{cite news |last1=Lee |first1=Jihye |title=Adani shares fall as short seller firm Hindenburg announces short position |url=https://www.cnbc.com/2023/01/25/adani-group-hindenburg-short-position.html |access-date=25 January 2023 |work=CNBC |date=25 January 2023 |language=en}}{{cite news |last1=Kay |first1=Chris |last2=Vishnoi |first2=Abhishek |last3=Joshi |first3=Ashutosh |title=Hindenburg Targets Asia's Richest Man, Triggering Adani Selloff |url=https://www.bloomberg.com/news/articles/2023-01-25/adani-group-stocks-drop-after-hindenburg-takes-short-position |access-date=25 January 2023 |work=Bloomberg News |date=25 January 2023 |language=en}} Adani denied the fraud allegations as unfounded and ill intentioned.

{{cite news

| last1 = Madhok | first1 = Diksha

| title = Asia's richest man slams short-seller's fraud claims as 'baseless' and 'malicious'

| date = 25 January 2023

| language = en

| work = CNN Business

| location = Atlanta, Georgia, USA

| url = https://www.cnn.com/2023/01/25/business/india-adani-shares-plunge-hindenburg-report-hnk-intl/index.html

| access-date = 25 January 2023

}}

The company has won many awards and recognition. In 2017, it was named the Most Innovative Young Power Professional by IPPAI (Independent Power Producers Association of India) at the 18th Regulators & Policymakers Retreat. In 2017, CSR Works International with support of British Chamber of Commerce and High Commission of Canada, recognized the firm for best sustainability reporting in Asia, in Singapore. In 2018, it received the Recognition for Best Environment Management practices by Srishti Publications.{{Cite web|title=Adani Power Directors Report {{!}} Adani Power Director Details – The Economic Times|url=https://economictimes.indiatimes.com/adani-power-ltd/directorsreport/companyid-23479.cms|website=The Economic Times|access-date=2020-05-05}}

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