New Delhi: The shares of Adani Power hit the lower circuit again on Friday (February 10). The shares of the company have reached the lower circuit of 5 percent. Adani Power's stock is trading at Rs 164.30, down 5 percent. The news of the merger is also not showing any positive effect on the shares of the company. Actually, 6 of its subsidiaries are going to be merged into Adani Power. NCLT has also given the green signal for this. 

As per the report, NCLT today on Thursday approved the merger of Adani Power Maharashtra, Adani Power Rajasthan, Udupi Power Corporation, Raipur Energen, Raigarh Energy Generation, and Adani Power (Mundra) with Adani Power. Let us tell you that, Adani Power informed the stock exchange on Thursday (February 9) that, 'We would like to inform you that NCLT has approved the scheme of merger of six wholly owned subsidiaries of Adani Power Limited (APL).' Along with this, Adani Power also told the names of the 6 companies written above, which are to be merged. 

Adani Power's integrated net profit in the third quarter of the current financial year has come down by 96 percent to Rs 8.77 crore. Due to the increase in expenses, the profit of the company has also decreased. The company had earned a profit of Rs 218.49 crore in the same quarter of the previous financial year. In the information sent to BSE, the company has said that its total expenses during the quarter increased to Rs 8,078.31 crore in the third quarter of the current financial year from Rs 5,389.24 crore in the same quarter of the previous financial year.

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