2 weeks Ago
Adani Energy Solutions (AESL) shares are in focus today after the company announced that its material subsidiary, Adani Electricity Mumbai (AEML), has executed a business transfer agreement (BTA) with its wholly-owned subsidiary, North Maharashtra Power Ltd. (NMPL). The agreement, signed on September 26, 2024, facilitates the transfer of the Adani Dahanu Thermal Power Station (ADTPS) from AEML to NMPL through a slump sale on a going-concern basis.
This move is part of Adani Energy’s broader restructuring strategy, first disclosed in July 2024, aimed at fulfilling the company’s environmental, social, and governance (ESG) commitments. According to an earlier statement, the restructuring is intended to attract ESG-focused investors and support AESL’s ambition to rank among the top 20 global utility companies in ESG ratings. In July, AESL carved out the Dahanu power plant from its books, recording an exceptional loss of Rs 1,506 crore due to the slump sale.
The transaction price for the plant was set at Rs 815 crore, significantly lower than its book value of Rs 2,321 crore. The company stated that the transaction was conducted on an arm’s length basis and is subject to regulatory approval. AESL inherited the Dahanu Thermal Power plant in 2017 as part of its acquisition of the Mumbai distribution business from Reliance Infrastructure , formerly led by Anil Ambani.
On Friday, AESL's shares closed at Rs 1,013.50, down 2.21% on the BSE, while the benchmark Sensex fell 0.
31%. Shares of Adani Energy have declined 4% in 2024 to date and 72% over the past two years, with the company currently holding a market capitalization of Rs 1,21,750 crore. Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader View Program Stock Trading Options Scalping Made Easy By - Sivakumar Jayachandran, Ace Scalper View Program Stock Trading Futures Trading Made Easy: Future & Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Stock Investing Made Easy: Beginner's Stock Market Investment Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Macroeconomics Made Easy: Online Certification Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Stock Valuation Made Easy By - Rounak Gouti, Investment commentary writer, Experience in equity research View Program In Q1 FY25, Adani Energy Solutions reported a consolidated net loss at Rs 824 crore as against Rs 175 crore net profit reported by the company in the year ago period.
The revenue from operations in the reported quarter stood at Rs 5,379 crore versus Rs 3,664 crore reported in the year-ago period. It was up by 47% on the year-on-year (YoY) basis. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
