Adani Power History
BSE:533096 | NSE:ADANIPOWEREQ | IND:Power Generation - Thermal | ISIN code:INE814H01011 | SECT:Power
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The Company History page lists out the major events in chronological order for Adani Power Ltd.
| Company History - Adani Power Ltd. | ||
| The Company was incorporated as Adani Power Limited on August 22, 1996 and received a certificate of commencement of business on September 4, 1996. The Company became a private limited company on June 3, 2002 and the name of the Company was subsequently changed to Adani Power Private Limited. The RoC issued a fresh certificate of incorporation on June 3, 2002. The Company was, thereafter, converted into a public limited company on April 12, 2007 and the name of the Company was changed to Adani Power Limited. Further, upon ceasing to be a private limited company, the word private was deleted through a special resolution at the EGM of the Company held on March 28, 2007. The fresh certificate of incorporation consequent to change of our name was granted by the RoC to our Company on April 12, 2007. The Company was originally incorporated by Mr. Gautam S. Adani and Mr. Rajesh S. Adani, together with their relatives. In 2004, pursuant to internal restructuring amongst the Promoters, the entire shareholding of the Company was transferred to Mundra Port and Special Economic Zone Limited ("MPSEZL"). Subsequently, on May 29, 2006, MPSEZL transferred its entire shareholding in the Company to Adani Enterprises Limited. Key Milestones The table below sets forth some of the key events and milestones in the history of our Company: Date Details August 22, 1996 Incorporation of the Company September 20, 2006 Execution of Loan agreement (financial closure) with Lenders of Mundra Phase I Power Project December 8, 2006 Coal supply agreement with AEL for Mundra Phase I Power Project, which was extended to Mundra Phase II Power Project through amendment agreement dated August 10, 2007 February 2, 2007 Execution of PPA with GUVNL for 1,000 MW February 6, 2007 Execution of PPA with GUVNL for 1,000 MW June 27, 2007 Execution of subordinate loan agreement for Mundra Phase I and II Power Project July 25, 2007 Execution of Loan agreement (financial closure) with Lenders of Mundra Phase II Power Project September 28, 2007 Execution of Investment Agreement with 3i Power Investment A1 Limited November 6, 2007 Allocation of Lohara West and Lohara Extension (E) Coal mining blocks for Tiroda Power Project January 15, 2008 Execution of Shareholder Agreement with Millennium Developers Private Limited for investment in Tiroda Project February 1, 2008 Agreement to Lease for 204.28 ha signed with Maharashtra Industrial Development Corporation for Tiroda Project March 24, 2008 PPA with AEL for 221 MW March 24, 2008 Coal supply agreement with AEL for Mundra Phase III Power Project March 27, 2008 Execution of loan agreement (financial closure) for Mundra Phase III Power Project March 27, 2008 Execution of subordinate loan agreement for Mundra Phase III Power Project March 28, 2008 Execution of foreign currency loan agreement for Mundra Phase III Power Project April 15, 2008 Coal supply agreement with AEL for Mundra Phase IV Power Project, which was amended on April 13, 2009 August 7, 2008 PPA with UHBVNL for 712 MW August 7, 2008 PPA with DHBVNL for 712 MW September 8, 2008 PPA with MSEDCL for 1,320 MW November 24, 2008 Investment Agreement with Ventura Power January 8, 2009 Co-developer agreement with MPSEZL January 30, 2009 Execution of loan agreement (financial closure) for Tiroda Power Project - Phase I March 25, 2009 Boiler light-up of unit I of Mundra Power Project - Phase I March 27, 2009 Share subscription agreement with Somerset Fund May 23, 2009 Synchronization of unit I on Mundra Phase I Power Project June 24, 2009 Execution of loan agreement (financial closure) for Mundra Phase IV Power Project June 24, 2009 Execution of subordinate loan agreement for Mundra Phase IV Power Project. 2010 -First project in the world to be certified as Clean Development Mechanism (CDM) Project by United Nations Framework Convention on Climate Change {UNFCCC} -Adani Power Limited was awarded KPMG INFRASTRUTURE TODAY AWARD 2010 for successfully generating over 1000MW power as per the committed 2011 -"Adani Power conferred with National Energy Conversation Award 2011". 2012 -"Adani's Mundra plant to earn Rs. 600 cr in carbon credits The world’s first coal fired plant to receive carbon credits" -Scheme of Amalgamation of Growmore Trade & Investment Pvt. Ltd., Mauritius with Adani Power Limited has been sanctioned by the Hon'ble High Court of Gujara 2013 -Adani Power commissions third 660 MW unit of its Toroda thermal power plant -Adani Power demerges transmission line business. -Adani begins integrated coal MDO operations in India 2014 -Adani Power emerges as Indias largest private power producer. -Adani Power to acquire Avantha Power's Korba West Power Project in Chattisgarh Installed capacity to rise to 11,040 MW. -Adani Power to acquire Avantha&Korba plant. -Adani to invest $2 bn in Odisha power plant -CCI clears Adani Powerdeal to buy Udupi thermal plant -Adani Power introduces vermicomposting technology in Tirora 2015 -Adani Power signs a definitive Share Purchase Agreement for acquisition of Avantha Power's Korba West Power Plant in Chattisgarh -Adani Power completes acquisition of Udupi Power plant 2017 - Adani Power gets over 174.84 acres of land from Jharkhand govt. to set up a 1600 MW power plant. -Unit Of Adani Power plant creates a new national record by running continuously for 600 days. - Adani Power has signed power purchase agreement with Bangladesh Power Development board. | ||
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Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
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