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Showing posts from February 7, 2010

BUY Adani Power Ltd (Investment portfolio) TGT 188

  BSE: 533096  NSE: ADANIPOWER Price Rec.  106.85 Adani Power Limited. The Group's principal activity is to develop, operate and maintain power project in India. The Group owns four thermal power projects namely Mundra Phase I and II Power Project, Mundra Phase III Power Project, Mundra Phase IV Power Project and Tiroda Power Project with combined installed capacity of 6,600 Mega Watts (MW).  The company awarded a Letter of Intent (LOI) by Rajasthar Rajya Vidhyut Utpadan Nigam Ltd.(RRVPNL) for purchase of upto 1,200 MW of power on long-term basis. Also awarded a Letter of Intent (LOI) fcy Maharashtra State Electricity Distribution Company Limited (MSEDCL) for purchase of 1,200 MW of power on long-term basis. Moreover, Adani Group, is planning to set up a 1,320 MW coal-based thermal power plant in Madhya Pradesh. Q3 total sales was INR 2.3 billlion and Net Profit was reported INR 0.72 billion. The total asset for this company is INR 72.7 billion. Adani Power Limited, a su