Tuesday, March 23, 2010

ADANI POWER - GOOD FOR LONG TERM INVESTORS.


Adani Group is a conglomerate having varied 
interest in the field of Coal Mining,Coal
Trading,Shipping,Power generation ,Power 
trading,Power transmission…etc.
Adani Power Ltd(APL)is a company under this 
fold which is developing operate and maintain
power projects in India. APL has four power 
projects under various stages of 
implementation with a total capacity of 6600 MW
.It is expected to complete 9900 MW by
2013 and 20000 by 2020.It is currently 
operating with a capacity of 330 MW 
(Mundra unit -1).Recent IPO proceeds 
are using to fund projects like Thiroda,
Mundra Phase 4,Dahej and Kawai.There is lot of 
companies came out with public issues from
power generation sector recently but
APL has some uniqueness .First of all , Most 
of the capacity is expected to come up in the
Western region, which now has an energy deficit of
16 per cent and peak deficit of 19 per cent.
Secondly, the Adani group has  dedicated transmission
lines to evacuate power, the opportunity for higher
realisations from merchant power agreements and tax
benefits due to its SEZ status.Thirdly,APL can easily
access fuel for power (mainly coal) due to its 
parent’s vertical integration.Again,the company 
already signed Power Purchase Agreement for its Mundra
and Thiroda projects.Even the execution risk is there,
considering the above facts and strength of the group ,
it is one of the best play from the power sector.
Currently it is quoting around Rs.114/-

2 comments :

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    ReplyDelete
  2. Dear Sir,
    What are your views on Adani Power in current scenario?

    ReplyDelete

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