
Adani Power Ltd
Fortune 500 2025
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OVERVIEW
FINANCIALS
NEWS
About
Adani Power Limited (APL) is India’s largest private thermal power producer and a subsidiary of the Adani Group, founded in 1988 by Gautam Adani. The company was established on August 22, 1996. APL is headquartered in Ahmedabad, Gujarat, and is led by Director Rajesh Adani.With a total power generation capacity of 15,250 MW, APL operates thermal power plants across Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, and JharkhandThe company also has a 40 MW solar power project in Gujarat. APL is recognized globally for its innovation, being the world’s first to set up a coal-based supercritical thermal power project registered under the Clean Development Mechanism (CDM) of the Kyoto Protocol.
Incorporation Year: 1996
Headquarters: Ahmedabad
Top Management: Founder Gautam Adani, Director Rajesh Adani
Industry: Electronics
Website: www.adanipower.com
Featured In Fortune India Ranking
Fortune 500 India
#51(2025)
#44(2024)
#59(2023)
#60(2022)
#58(2021)
#58(2020)
#63(2019)
#73(2018)
#64(2017)
#57(2016)
#74(2015)
#79(2014)
#160(2013)
#223(2012)
#334(2011)
#51(2025)#44(2024)#59(2023)#60(2022)#58(2021)#58(2020)#63(2019)#73(2018)#64(2017)#57(2016)#74(2015)#79(2014)#160(2013)#223(2012)#334(2011)
Financial Data 2024
Revenue
60,281
(INR Cr)
Net Operating Income
50,351
(INR Cr)
Assets
84,098
(INR Cr)
Profit
20,829
(INR Cr)
Net Worth
43,145
(INR Cr)
Fortune India Coverage
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Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 60281 40.1% | 43041 35.8% | 31686 12.6% | 28150 1.1% | 27842 5.6% | 26362 25.0% | 21093 -8.4% | 23034 -9.1% | 25331 29.6% | 19547 24.5% | 15695 124.4% | 6994 64.9% | 4242 96.9% | 2154 361.5% | 467 - | 0 - |
| Net Operating Income (INR Cr) | 50351 29.86% | 38773 39.92% | 27711 5.68% | 26221 -0.93% | 26468 10.82% | 23884 17.63% | 20304 -10.22% | 22616 -11.42% | 25532 35.64% | 18824 21.73% | 15464 128.10% | 6779 65.67% | 4092 91.65% | 2135 391.01% | 435 0.00% | 0 0.00% |
| Profit (INR Cr) | 20829 94.2% | 10727 118.4% | 4912 286.7% | 1270 - | -2275 - | -984 - | -2103 - | -6174 - | 551 - | -816 - | -291 - | -2295 - | -287 - | 514 201.9% | 170 - | -5 - |
| Assets (INR Cr) | 84098 9.7% | 76635 4.6% | 73270 2.9% | 71213 6.0% | 67202 11.6% | 60216 1.1% | 59552 -3.1% | 61458 -7.9% | 66737 31.7% | 50686 -1.5% | 51469 10.5% | 46598 0.3% | 46459 40.3% | 33108 101.1% | 16467 124.1% | 7348 - |
| Net Worth (INR Cr) | 43145 44.4% | 29876 61.9% | 18457 40.8% | 13113 102.3% | 6480 -16.0% | 7712 767.2% | 889 -70.4% | 3000 -59.8% | 7468 30.5% | 5725 -12.5% | 6543 52.4% | 4293 -28.9% | 6042 -3.9% | 6288 8.8% | 5779 152.5% | 2289 78.3% |
| Employee Cost (INR Cr) | 644 12.9% | 570 21.2% | 470 9.0% | 432 1.1% | 427 17.5% | 363 2.7% | 354 -2.0% | 361 -4.7% | 379 18.3% | 320 36.2% | 235 57.7% | 149 138.1% | 63 95.3% | 32 677.7% | 4 - | 0 - |
| Interest Cost (INR Cr) | 3388 | 3334 | 4095 | 5106 | 5315 | 5657 | 5570 | 5902 | 5560 | 4864 | 4162 | 1703 | 738 | 255 | 38 | 0 |
| Cash & Bank Balance (INR Cr) | 7212 | 1874 | 2365 | 1607 | 1979 | 916 | 857 | 604 | 869 | 856 | 831 | 1718 | 3241 | 964 | 1165 | 559 |
| Total Debt (INR Cr) | 34431 | 42181 | 48744 | 52430 | 55123 | 46980 | 52835 | 52484 | 52729 | 44742 | 44150 | 41795 | 38600 | 24503 | 10586 | 4990 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 34.6% | 24.9% | 15.5% | 4.5% | - | - | - | - | 2.2% | - | - | - | - | 23.8% | 36.4% | - |
| Profit As % Of Assets | 24.8% | 14.0% | 6.7% | 1.8% | - | - | - | - | 0.8% | - | - | - | - | 1.6% | 1.0% | - |
| Profit As % Of Networth | 48.3% | 35.9% | 26.6% | 9.7% | - | - | - | - | 7.4% | - | - | - | - | 8.2% | 2.9% | - |
| Interest Cost to EBITDA % | 18.6% | 33.2% | 41.7% | 58.9% | 113.5% | 114.2% | 103.1% | 311.4% | 63.2% | 94.6% | 92.5% | 177.5% | 62.6% | 20.6% | 15.5% | - |
| Debt to Equity Ratio | 0.80 | 1.41 | 2.64 | 4.00 | 8.51 | 6.09 | 59.41 | 17.50 | 7.06 | 7.82 | 6.75 | 9.73 | 6.39 | 3.90 | 1.83 | 2.18 |
| RONW | 57.1% | 37.0% | 17.8% | 7.6% | - | - | - | - | 7.0% | - | - | - | - | 8.1% | 4.1% | - |
| ROCE | 30.1% | 13.8% | 12.7% | 9.7% | 0.0% | 0.0% | 0.0% | 0.0% | 9.9% | 0.0% | 0.0% | 0.0% | 2.3% | 4.3% | 2.0% | 0.0% |






