Adani Power Achieves Exceptional Ranking Among Global Electric Utilities in S&P Global CSA Assessment
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Ahmedabad, Nov 28 (NationPress) Adani Power has reported a remarkable score of 67 (out of 100) in the corporate sustainability assessment (CSA) for FY 2023-24, as evaluated by the esteemed global rating agency S&P Global.
This score significantly exceeds the industry average of 42 and surpasses Adani Power's previous score of 48 from FY23. With this achievement, Adani Power Ltd (APL) ranks within the top 80 percentile among all global electric utilities.
In various components of the CSA score, including human rights, transparency and reporting, water, and waste and pollution, the company has reached the top 100 percentile. Furthermore, in three additional categories—energy, occupational health and safety, and community relationships—the company has scored in the 90 percentile or higher, as stated by the organization.
The S&P Global CSA Score serves as the S&P Global ESG Score, which evaluates a company's performance in managing significant ESG risks, opportunities, and impacts based on a blend of disclosures, media, and stakeholder analysis, without any modeling approaches. APL's S&P Global ESG Score also stands at 67.
"This outstanding accomplishment highlights APL's unwavering commitment to sustainability and its dedication to integrating Environmental, Social, and Governance (ESG) principles into its business practices," the company remarked.
Adani Power boasts an installed thermal power capacity of 17,510 MW across 11 power plants located in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, in addition to a 40 MW solar power facility in Gujarat.
In the first half of the current fiscal year (H1 FY25), the Adani Group company reported a 20 percent year-on-year increase in continuing revenue, totaling Rs 28,517 crore, alongside a 10.8 percent growth to Rs 13,465 crore in Q2 FY25. Continuing profit before tax (PBT) surged by 69 percent to Rs 8,020 crore in H1 FY25 and by 44.8 percent to Rs 3,537 crore in Q2 FY25.
Consolidated power sales volume reached 46 billion units (BU) in H1 FY25, reflecting a 29.2 percent rise from 35.6 BU in H1 FY24, driven by enhanced power demand and increased operational capacity.
