Favourable decisions from state electricity commissions have led Adani Power to swing back into profit to the end of FY19. These include decisions from regulatory commissions of Maharashtra, Gujarat and Rajasthan that approved change-in-law claims that affected coal supply to its plants.
During the March quarter, Adani Power (Mundra) Limited, the ultra mega power coal project, renegotiated power purchase agreements (PPAs) for 2434 MW capacity with Gujarat Urja Vikas Nigam Limited, the state discom, which have been approved by Central Electricity Regulatory Commission. The effect of Supplemental Agreement in terms of additional revenue of ₹711.28 crores was considered in the results for the quarter.
