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Adani Power: Stock For Investment


The Adani power is all set to bid for all the six coal blocks reserved for the power sector in the auction of the 23 operational mines which are to be held soon and in the race are many companies like TATA Power, West Bengal Power Development Corp, Adani Power, GMR Energy, Jindal Power, Essar Power, Lanco Infratech and Sesa Sterlite are to submit the bids for the blocks are in Jharkhand.

This block with 2.32 million tons of coal production capacity annually with train connectivity within vicinity. The last date for the submission of the bid is the 3rd of February.

The expected bidders for various coal blocks are :- Talabira in Odisha has bidders like Jindal Power, Sesa Sterlite,Adani Power,Simhapuri Energy.  Amelia North in MP will be bid by Dhariwal Infrastructure, GVK Power, Adani Power, Simhapuri Energy, Lanco Infratech, Essar Power and Jindal Power. Trans Damodar in West Bengal to be bid by West Bengal Power Development, TATA Power, Simhapuri Energy, CESE,JSW and Adani Power, Gare Palma Iv/2 and Iv/3 in Chhatisgarh to be bid by GMR Energy, Jindal Power, Adani Power, Lanco Infratec, Simhapuri Energy, Reliance Power, Sesa Sterlite and KSK Energy. Sarisatolli in West Bengal to be bid by Simhapuri Energy, Jindal Power, CESC Ltd, Adani Power and TATA Power, Tokisud North in Jharkhand is to be bid by Adani Power, TATA Power,  Simhapuri Energy, Essar Power, GMR Energy, LancoInfratec and Sesa Sterlite.

After raising Rs23,000/-crores by disinvesting a 10% stake through a public offer with got ample support from the LIC and the domestic funds and so now the government further plans to disinvest 5% of Coal India in the coming months. However a part will be reserved for the employees who may get some discount on the sale price of the price actual offered to the retail investors, as the government requires reducing its stake by 5% more just to allow the coal India to meet the regulatory requirements of at least 25% of the public shareholdings for the listed companies as per the listed norms