Adani Power Profit More Than Doubles on Demand and Higher Tariffs
Adani Power's profit more than doubled year over year in July-September, as strong Indian power demand and robust spot electricity prices helped it beat street estimates.
Mumbai, Oct. 23 -- A surge in India's power demand and robust prices in the electricity spot market during the July-September period propelled Adani Power Ltd's profit to more than double the same period last year, helping it beat street estimates.The Ahmedabad-based leading thermal power producer…