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<keyword id="45417" type="COMPANY" weightage="20" keywordseo="Adani-Power">Adani Power</keyword> on Thursday posted a consolidated net profit of ₹13.13 crore in the March 2021 quarter, mainly on account of higher revenues. The company had posted a consolidated net loss of ₹1,312.86 crore in the quarter ended March 31, 2020, a <keyword id="35140" type="COMPANY" weightage="20" keywordseo="BSE">BSE</keyword> filing said. Total income of the company rose to ₹6,902.01 crore in the quarter from ₹6,327.57 crore in the same period a year ago. For the entire fiscal year (2020-21), the company's consolidated net profit stood at ₹1,269.98 crore. It had reported a loss of ₹2,274.77 crore in 2019-20. Total income in 2020-21 came in at ₹28,149,68 crore as compared to ₹27,841.81 crore in 2019-20. During fourth quarter of 2020-21, Adani Power, along with the power plants of its subsidiaries achieved an Average Plant Load Factor (PLF or capacity utilisation) of 59.6 pe cent, and aggregate sales volumes of 14.8 Billion Units (BU). In comparison, during the fourth quarter of 2019-20, Adani Power and its subsidiaries achieved an average PLF of 65.5 per cent and sales volume of 16.5 BU. Operating performance was affected due to lower merchant sales and grid backdown in various plants, as well as reserve, shutdown at <keyword id="48302" type="COMPANY" weightage="20" keywordseo="Udupi">Udupi</keyword> due to higher penetration of renewables, the company said. The decline in PLF was offset partially by higher merchant sales at Raipur and Raigarh, and higher grid demand at Kawai, it added. <keyword id="111343" type="PERSON" weightage="20" keywordseo="Gautam-Adani">Gautam Adani</keyword>, Chairman, <keyword id="6367820" type="COMPANY" weightage="20" keywordseo="adani-group">Adani Group</keyword>, said in the statement, "<keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> is facing a renewed challenge in the form of a sudden surge of the COVID-19 pandemic. The Adani Group stands shoulder-to-shoulder with the nation in facing and surmounting this challenge." "We are expending all efforts to help India recover quickly and resume on its path to progress and prosperity for all. The Adani Group remains committed to sustainable growth of energy infrastructure and becoming a key contributor to the nation's economic progress," he added. Anil Sardana, Managing Director, Adani Power, said, "As India's largest private sector power producer, <keyword id="381623" type="COMPANY" weightage="20" keywordseo="Adani-Power-Ltd-">Adani Power Ltd.</keyword> is committed to fulfilling the demand for reliable and cost-effective electricity for diverse needs, from farms to metro railways, factories to hospitals, and malls to households." "We have taken a pledge to serve our customers with uninterrupted supply of power, while ensuring that precautions to curb the spread of COVID-19 pandemic are followed strictly in all our establishments," Sardana added. In the coming years, "we will continue to tap promising business opportunities, while striving to improve our operating efficiencies on all parameters and leveraging our deep experience as well as complementarity with the Adani Group's energy portfolio, to bring about sustainable and profitable growth", he further said. Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The company has an installed thermal power capacity of 12,410 MW spread across six power plants in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh, apart from a 40 MW solar power plant in Gujarat. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/wazirx-users-dogecoin-cryptocurrency-report-failed-transactions-and-delays-in-orders/articleshow/82425709.cms">Dogecoin surge sends WazirX servers panting for help – users report failed transactions, delays in orders</a> <a href="https://www.businessinsider.in/india/news/india-supreme-court-quashes-election-commissions-plea-against-madras-high-court/articleshow/82427416.cms">‘Internet has revolutionised courtroom reporting’ – India’s Supreme Court quashes Election Commission’s plea against Madras High Court</a> <a href="https://www.businessinsider.in/tech/apps/news/battlegrounds-mobile-india-is-now-official-check-out-launch-date-downloads-and-more/articleshow/82427206.cms">Battlegrounds Mobile India is now official, but comes with several restrictions for minors</a>

Adani Power registers profits after a disappointing loss-making quarter last year

<keyword id="6355629" type="COMPANY" weightage="20" keywordseo="google">Google</keyword> on Wednesday honoured India's "Satellite Man" and renowned scientist late Udupi Ramachandra Rao with a Doodle showing him with a background of the earth and shooting stars, saying that his "stellar technological advancements continue to be felt across the galaxy". As <keyword id="6364480" type="UNKNOWN" weightage="20" keywordseo="chairman">chairman</keyword> of the <keyword id="116095" type="COMPANY" weightage="20" keywordseo="Indian-Space-Research-Organisation">Indian Space Research Organisation</keyword> (ISRO), Rao supervised the 1975 launch of India's first satellite "Aryabhata." Born on March 10, 1932 in Karnataka, Rao passed away in 2017. He was awarded the <keyword id="100507" type="PERSON" weightage="20" keywordseo="Padma-Bhushan">Padma Bhushan</keyword> in 1976 and Padma Vibhushan in 2017. Rao started his career as a cosmic ray scientist and worked under the father of the Indian space programme, Dr. Vikram Sarabhai at <keyword id="50375" type="COMPANY" weightage="20" keywordseo="Massachusetts-Institute-of-Technology">Massachusetts Institute of Technology</keyword> (MIT) in the US. In association with the NASA's Jet Propulsion Laboratory group, Rao was the first to establish the continuous nature of the solar wind and its effect on geomagnetism using Mariner 2 observations. Rao's experiments on a number of Pioneer and Explorer spacecraft led to a complete understanding of the solar cosmic-ray phenomena and the electromagnetic state of the interplanetary space. He was also the Chairman of the Governing Council of the Physical Research Laboratory at Ahmedabad and <keyword id="95971" type="COMPANY" weightage="20" keywordseo="Nehru-Planetarium">Nehru Planetarium</keyword> at Bengaluru and chancellor of the Indian Institute for Space Science and Technology (IIST) at Thiruvananthapuram. Rao was inducted into the Satellite Hall of Fame, Washington, in 2013 at a ceremony by the Society of Satellite Professionals International. With this, he became the first Indian to be inducted in that category. He also became the first Indian space scientist to be inducted into the Prestigious "IAF Hall of Fame" at Guadalajara, Mexico. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/craftsman-automation-has-fixed-a-price-band-of-14881490-a-share-for-its-150-crore-ipo/articleshow/81408729.cms">Auto components maker Craftsman Automation’s ₹150 crore IPO to hit the capital markets next week — price band fixed at ₹1,488–1,490</a> <a href="https://www.businessinsider.in/india/news/india-is-using-the-quad-alliance-to-get-help-from-the-us-japan-and-australia-to-match-chinas-covid-19-vaccine-push/articleshow/81408044.cms">India is asking the QUAD for money to boost vaccine production and counter China’s moves on the global stage</a> <a href="https://www.businessinsider.in/business/corporates/news/elon-musks-net-worth-has-eroded-60-billion-in-just-two-months-as-teslas-market-cap-falls-35/articleshow/81407453.cms">Elon Musk’s wealth has eroded $60 billion in just two months as Tesla's market cap falls 35%</a>

Google Doodle honours Udupi Ramachandra Rao — India's 'satellite man' and Padma Bhushan winner

A boy who hails from a small village in India’s southern state of Karnataka is the first from the area to have cracked JEE(Advanced), one of the toughest exams to make ways to the IITs of the country. Even as it was a moment to rejoice over this feat, the scene at Sandeep Tukkunor’s home in Bidar district’s backward village Ghogga had been gloomy until a few days ago. 
 The family was running against time to arrange funds so that the boy could secure admission in <keyword id="6356755" type="COMPANY" weightage="100" keywordseo="IIT-Madras">IIT Madras</keyword>. It was not possible for a daily wage worker to sponsor Rs 1 lakh in the next 48 hours for his son's education. 
 Sandeep's father Hanumanthappa digs well for a living and earns just about enough to feed his family of six – wife, three sons and a daughter. He had no money to help his son live his <keyword id="6354859" type="COMPANY" weightage="20" keywordseo="IIT">IIT</keyword> dream. When it almost seemed like all the doors were shut, help poured in from good <keyword id="6646173" type="UNKNOWN" weightage="20" keywordseo="samaritans">Samaritans</keyword> who read Sandeep’s story in media. 
 
Three good souls - Ramzan Kalkura, a lecturer in Udupi, Jayakumar, a businessman from Bengaluru, and Dr Santosh Kanshetti from Kalaburagi - assured Sandeep they were ready to bear the cost of his studies and other expenses. 
 
Sandeep also informed that employee associations of private mobile network providers visited his house, offering to sponsor his admission fees. Raju, a banker from Bengaluru, he said, offered to help him get an education loan at zero interest. 
 
“Numerous persons have approached me, saying they are willing to help. However, I have requested them to wait till Wednesday as I am visiting Hyderabad for document verification," he said. 
 
The boy is now overjoyed and is in Hyderabad for document verification following which he says, he will take the support of the good Samaritans to get into one of India’s best college. We wish him all the very best!

Good Samaritans who offered to help a poor village boy pay admission fees to IIT Madras prove humanity still exists in this world

NEW DELHI: <keyword id="45417" type="COMPANY" weightage="20" keywordseo="Adani-Power">Adani Power</keyword> has acquired <keyword id="192578" type="CITY" weightage="20" keywordseo="Lanco-Infratech">Lanco Infratech</keyword>’s 1,200 mw Udupi thermal power plant in a Rs 6,000-crore transaction, marking the second mega deal in twoand-a-half weeks for the sector that is seeing a spurt of fund-raising and M&amp;A activity after being down in the dumps for years. 
 The deal, the largest in thermal power in terms of value and capacity, catapults the <keyword id="6367820" type="COMPANY" weightage="20" keywordseo="Adani-Group">Adani Group</keyword>, already India’s biggest private sector power producer, to a bigger league with a capacity of nearly 10,000 mw while helping Lanco reduce debt. 
 
Lanco Infratech, which has a market capitalisation of Rs 2,054 crore, said it will receive Rs 2,000 crore in cash and transfer debt of about Rs 4,000 crore to Adani. 
 Adani pipped other bidders including Mumbai-based <keyword id="83507" type="PERSON" weightage="20" keywordseo="Sajjan-Jindal">Sajjan Jindal</keyword> in the acquisition of the Udupi plant, which runs on imported coal and sells 90 per cent of the power to Karnataka and 10 per cent to Punjab. 
 Adani was also in the race for the Jaypee group’s hydropower portfolio, India’s largest, but lost out to <keyword id="9171" type="PERSON" weightage="20" keywordseo="Anil-Ambani">Anil Ambani</keyword>’s <keyword id="6360089" type="COMPANY" weightage="20" keywordseo="Reliance-Power">Reliance Power</keyword> which signed the initial pact for the Rs 12,000-crore deal. After the Jaypee deal, ET had reported that Adani was aiming to acquire 5,000 mw of capacity. 
 
The sellers, in both cases, were driven by the need to pare debt that had ballooned in recent years when the power sector was in deep trouble, with many plants stranded due to lack of fuel, low tariffs and distribution bottlenecks. 
 
However, the sector’s outlook has improved significantly after the change in government in May this year, increasing the appetite of potential buyers and prompting some sellers to seek higher valuation for their assets. 
 
In recent months, infrastructure firms raised about Rs 5,000 crore from qualified institutional placement (QIP), or share sales to institutional buyers. The flurry of transactions augur well for the sector and is expected to breathe life into so-called stranded assets -- power plants that are running below capacity on account of fuel shortages -- and repair distressed balance sheets of sellers. 
 Lanco and Adani said in a statement that the deal is valued at more than Rs 6,000 crore. Even before the transaction, Lanco had signed an agreement with the <keyword id="58906" type="ORGANIZATION" weightage="20" keywordseo="Karnataka-government">Karnataka government</keyword> to expand capacity by a further 1,320 mw, to a total of 2,500 mw. 
 
Udupi is India’s first independent power project in the country based on 100 per cent imported coal with a captive jetty of 4 million tonnes per annum and an external coal-handling system located at Mangalore Port. The capacity can be expanded to handle another 4 million tonnes, Lanco said. 
 
"For Lanco Infratech, this transaction will support the company in reducing its debt and will enable Lanco to receive about Rs 2,000 crore as cash and additionally, Adani Power will take Udupi Power’s long-time debt of around Rs 4,000 crore," the statement said. 
 
As reported by ET, experts and industry players expect infrastructure companies to raise Rs 8,000-10,000 crore more through QIPs, initial public offering (IPO) and other equity sale. They also believe more deals in the renewable energy, thermal power and road sectors are in the pipeline as highly leveraged companies have been looking to sell stake in projects.

Adani Power Buys Lanco Infratech’s Udupi Thermal Power Plant

India, known for its diverse landscapes and stunning coastline, harbors some hidden treasures in the form of unexplored beaches. Away from the bustling tourist hubs, these secluded stretches of sand offer tranquility and pristine beauty for those seeking a more intimate beach experience. 1. Butterfly Beach, Goa Tucked away in South Goa, Butterfly Beach is a hidden gem accessible only by boat or a scenic hike. Its secluded cove, named after the colorful butterflies that inhabit the area, offers privacy and breathtaking sunsets. 2. St. Mary's Island, Karnataka Off the coast of Udupi, St. Mary's Island boasts distinctive hexagonal basaltic rock formations. Its clear waters and unique geological features make it an offbeat destination for nature lovers and explorers. 3. <keyword id="1332244" type="General" weightage="20" keywordseo="Tarkarli-Beach" source="Orion">Tarkarli Beach</keyword>, Maharashtra Located in the Sindhudurg district, Tarkarli Beach is known for its clear waters and serene surroundings. The beach offers opportunities for water sports, and nearby coral reefs make it an ideal spot for snorkeling and scuba diving. 4. <keyword id="1578932" type="General" weightage="20" keywordseo="Radhanagar-beach" source="Orion">Radhanagar Beach</keyword>, Andaman Islands Though gaining popularity, Radhanagar Beach remains relatively unspoiled. Its pristine white sands and crystal-clear waters provide a serene escape for travelers seeking solitude amidst breathtaking natural beauty. 5. Gokarna Beach, Karnataka While Gokarna has gained attention in recent years, its hidden coves and less-explored beaches, like Paradise Beach and Half Moon Beach, offer tranquil spots away from the crowds, perfect for a peaceful retreat. 6. Marari Beach, Kerala Nestled near Alleppey, Marari Beach offers a quiet respite with its coconut palm-fringed coastline. Its untouched beauty and traditional fishing villages provide an authentic coastal experience. 7. Yarada Beach, Andhra Pradesh Yarada Beach, near Visakhapatnam, remains relatively unknown to tourists. Its golden sands, gentle waves, and stunning views of the Bay of Bengal make it an undiscovered paradise for beach enthusiasts. 8. Guhagar Beach, Maharashtra Guhagar Beach, located in Ratnagiri district, boasts a long stretch of golden sand and tranquil waters. Its peaceful ambiance and pristine shoreline attract those seeking solitude by the sea. 9. Shankarpur Beach, West Bengal Shankarpur Beach, near Digha, offers a serene escape with its secluded shores. The beach is known for its fishing villages, serene ambiance, and opportunities for witnessing breathtaking sunrises. 10. Chandipur Beach, Odisha Chandipur Beach is known for its unique phenomenon—the receding sea. During low tide, the waters recede for kilometers, revealing a fascinating landscape for exploration. Note: The article is based on content generated by AI models like Bard and Chatgpt.

You Searched For "Udupi" and got 5 results

Adani Power registers profits after a disappointing loss-making quarter last year

PTI

Google Doodle honours Udupi Ramachandra Rao — India's 'satellite man' and Padma Bhushan winner

IANS

Good Samaritans who offered to help a poor village boy pay admission fees to IIT Madras prove humanity still exists in this world

Anushree Singh

Adani Power Buys Lanco Infratech’s Udupi Thermal Power Plant

ET

Discovering India's hidden gems: 10 unexplored beaches off the beaten path

Ayush

Shagun

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