Antique Stock Broking has initiated a 'Buy' rating on Adani Power with a price target of ₹187, signaling a positive outlook for the power generation company's stock performance. This recommendation indicates the brokerage's confidence in the company's growth potential and operational performance.

Brokerage Recommendation Details

The investment recommendation from Antique Stock Broking represents a fresh analytical perspective on Adani Power's market position and future prospects. The ₹187 price target suggests the brokerage's expectation for potential upside in the stock's valuation.

Company Profile

Adani Power operates as a major player in India's power generation and distribution sector. The company holds a significant position in the country's energy infrastructure landscape and is classified as a large-cap stock, reflecting its substantial market capitalization and established market presence.

Market Context

The 'Buy' rating initiation comes as brokerage firms continue to evaluate opportunities in India's power sector. Antique's positive stance on Adani Power suggests a favorable assessment of the company's operational metrics and strategic positioning within the energy market.

This recommendation adds to the analytical coverage of Adani Power, providing investors with professional insights into the stock's potential performance trajectory based on fundamental and technical analysis conducted by the brokerage house.

Adani Power Limited has achieved a significant milestone in environmental, social, and governance (ESG) performance, receiving a score of 65 from NSE Sustainability Ratings & Analytics (NSRA). The company, India's largest private sector power generator, has been ranked higher than all other major thermal, mixed fuel, and integrated energy companies in similar appraisals.

ESG Rating Achievement and Industry Leadership

The ESG score of 65 has placed Adani Power in the 'Aspiring ESG' rating category, establishing the company as a leader in the thermal power sector. The rating reflects the company's unwavering commitment to environmental, social, and governance principles and its strategic focus on sustainable growth with responsible business practices.

Comprehensive ESG Initiatives

Environmental Excellence: Adani Power has implemented advanced emission management technologies including Ultra Super Critical boilers to reduce its carbon footprint. The company has invested in continuous monitoring and corrective systems, along with energy efficiency measures. A zero liquid discharge system has been adopted to ensure minimal impact on local water resources through water conservation initiatives.

Social Commitment: The company has expanded community development programs emphasizing education, healthcare, and skill-building. Key initiatives include scholarship programs for underprivileged students, health camps, and livelihood enhancement projects reflecting inclusive growth commitment. Strong emphasis is placed on workforce well-being, safety training, and promoting diversity and inclusion across operational sites.

Governance Excellence

Adani Power performs better than minimum regulatory requirements across governance aspects. The company maintains higher percentages of independent directors in key committees compared to compliance requirements:

Global ESG Recognition

The NSE Sustainability rating follows recent global appraisals. Sustainalytics awarded an ESG Risk Rating of Medium Risk with a score of 29.20, significantly better than the Global Electric Utility Industry average of 36.90. CSRHUB provided an ESG rating of 77.00%, substantially higher than the global industry average of 51.00%.

Company Profile

Adani Power operates as India's largest private thermal power producer with an installed thermal power capacity of 18,110 MW across twelve power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, along with a 40 MW solar power plant in Gujarat.