India’s Adani Power posts smaller Q3 core profit as demand drops; to raise 50 bln rupees

India’s Adani Power (ADAN.NS), opens new tab posted a smaller quarterly core profit on Wednesday due to a sharp drop in power demand and the thermal power producer also said it would raise 50 billion rupees ($578 million) by selling shares to institutional investors. The company, part of billionaire Gautam Adani-led Adani Group, said besides […]

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