Adani Power unable to provide viable coal off-take agreement for Carmichael: Report
Adani Power Ltd statement said the consolidated total income for the year FY18 stood at Rs 21,093 crore as compared to Rs 23,034 crore in FY17. The consolidated total income for the quarter was Rs 4,161 crore as compared to Rs 6,587 crore in the corresponding quarter in the previous year. Consolidated EBITDA for the year stood at Rs 6,174 crore from Rs 6,391 crore in FY17. Consolidated EBITDA for the quarter was Rs 1,399 crore, as compared to Rs 1,556 crore in the corresponding quarter in the previous year.
Adani Power Ltd is unable to provide a viable or bankable coal off-take agreement for Adani Enterprises Ltd for the Carmichael proposal in Australia. Representational Image, source: Reuters