Adani Energy Restricted, the corporate of Adani Group, has obtained a contract from Uttar Pradesh Energy Company Restricted (UPPCL). Underneath this, the corporate will provide 1,500 MW thermal energy to the UPPCL. Adani Energy has obtained this contract from the compective bid submission course of. The period of the provision contract is 25 years. Adani Energy mentioned in an announcement that as a part of the contract, the corporate will provide electrical energy at a extremely competing price of Rs 5,383 per unit from the Greenfield 2×800 MW (1500 MW NET) Extremely-Surchakritical Energy Plant in Uttar Pradesh. This plant might be arrange beneath design, construct, finance, on and DBFOO mannequin. Funding of $ 2 billion, jobs as much as 9000 jobs will make investments $ 2 billion (about ₹ 16,600 crore) for this mission. Firm CEO S.B. Khyalia says that this mission is predicted to generate 8000-9000 direct and oblique staff through the building part. After the plant is commissioned, 2000 jobs might be generated. This proposed mission obtained formal approval from the Uttar Pradesh cupboard earlier this month. Adaani Energy has been issued a letter of award (LOA) for this contract. Now the corporate will signal a protracted -term energy provide settlement with the UPPCL. Dividend Inventory: Dividend of ₹ 25 might be out there on each inventory, 14 Might is 14 Might is a report of 5 p.c of the market cap within the quarter of Rs 2 lakh crore. The corporate’s inventory is at present priced at Rs 513.50 on BSE. The inventory has come down 12 p.c within the final 6 months and 6 p.c in 2 weeks. The corporate had a 74.96 p.c stake within the firm until the tip of March 2025. Within the January-March 2025 quarter, the online consolidated revenue of Adani Energy fell 5 p.c to Rs 2,599.23 crore on an annual foundation. The revenue was Rs 2,737.24 crore a 12 months in the past. Disclaimer: Right here info is being offered right here just for info. It’s essential to say right here that the funding market available in the market is topic to dangers. At all times seek the advice of consultants earlier than investing cash as an investor. There may be by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.
