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BUSINESS EYE DECEMBER 06, 2024 | The Indian Eye 27

Adani Power in top 80 percentile of global

electric utilities in S&P Global CSA score

Kerala government extends its agreement with Adani Vizhinjam Port for an additional five years

OUR BUREAU
Ahmedabad
dani Power Ltd., a part of Adani portfo-
lio companies, said on Thursday that it has
Aachieved an exceptional score of 67 (out of
100) in the Corporate Sustainability Assessment
(CSA) by global rating agency S&P Global for FY
2023-24.
This compares to the sectoral average of 42
and APL’s own FY23 score of 48, the conglomer-
ate said in a release.
Adani Power Ltd (APL) is in the top 80 per
cent of all power utilities worldwide with this score.
It is in the top 100 percentile for several elements
of CSA score such as human rights, water, waste
and pollution and transparency and reporting, as
per the release.
It falls within the 90 percentile or higher level
in three other categories: energy, community re-
lationship, occupational health and safety, the re-
lease added.
The S&P Global CSA Score is the S&P Glob-
al ESG Score - a measure of a company’s perfor-
mance and management of material ESG risks, APL is the largest private thermal power producer in India (ANI file photo)
opportunities, and impacts informed by a com-
bination of its disclosures, media and stakehold-
er analysis - without any modelling approaches. He said “We have entered a supplementary vestment of Rs 10,000 crore, significantly boosting
Adani Power Ltd’s S&P Global ESG Score is also concession agreement with Adani Vizhinjam Port its capacity.
PVT LTD on @PortOfVizhinjamto extend the
Vijayan added “As the 2nd & 3rd phases near
67. project period for 5 yrs & commission the port by completion by 2028, an investment of Rs 10,000
The company said that the remarkable
crore will be made, expanding the port’s capaci-
achievement underscores APL’s “steadfast com- December”. ty to 30 lakh TEU. This milestone underlines our
The extension comes as the second and third
mitment to sustainable practices and dedication phases of the project are nearing completion and commitment to comprehensive Kerala govt. ex-
to embedding Environmental, Social, and Gover- are expected to be fully operational by 2028. As tends Vizhinjam Port agreement with Adani for 5
nance (ESG) principles into its operations”. part of the expansion, the port will receive an in- years & global connectivity”.
APL is the largest private thermal power pro-
ducer in India. The company has an installed ther-
mal power capacity of 17,510 MW spread across Air India’s merger within two years a success
eleven power plants in Gujarat, Maharashtra, Kar-
nataka, Rajasthan, Chhattisgarh, Madhya Pradesh, ir India’s successful merger of four airlines new procedures so that, when the Air Operator
Jharkhand, and Tamil Nadu, apart from a 40 MW within two years, along with its ongoing Certificates (AOCs) were integrated, employees
solar power plant in Gujarat. Atransformation, demonstrates its ability to could collaborate seamlessly, regardless of the
With the help of a world-class team of experts manage significant changes, said Campbell Wil- airline they came from. This ensured the entire
in every field of power, Adani Power is on course son, CEO of Air India, on Thursday. operation could run smoothly,” Wilson said.
to achieve its growth potential, the release said. During a media briefing, Wilson explained He also highlighted the addition of around
The company is harnessing technology and inno- that the merger process had been two years in the 9,000 new employees during this period, which
vation to transform India into a power-surplus na- making. A critical aspect of this process was align- significantly reduced the average age of staff from
tion and provide quality and affordable electricity ing the operating procedures and manuals across 54 to 35. The average age of cabin crew is now 28.
for all, it added. all four airlines. In other countries, this could have Wilson further shared that the group current-
Meanwhile, the Kerala government has ex- taken approximately five to eight years, he noted. ly operates 300 aircraft, employs 30,000 staff, and
tended its agreement with Adani Vizhinjam Port Recently, Air India completed its merger conducts 1,200 daily flights. These figures under-
for an additional five years, with a revised deadline with Vistara, while Air India Express Ltd and score the scale of the new Air India group.
for the commissioning of the port by December. AIX Connect Pvt Ltd (formerly AirAsia India) Air India now commands a 29% share of do-
Chief Minister Pinarayi Vijayan announced this also merged under the group’s banner. mestic market, up from single digits at the time of
development on social media, stating that a sup- “We had to harmonize the operating pro- privatization. It holds a 55% market share on metro
plementary concession agreement has been signed cedures across the four airlines. Once we had routes and a 40% on the top 120 routes, which to-
with Adani Vizhinjam Port Pvt Ltd to extend the achieved that, we needed to train all staff on the gether account for 60% of domestic traffic, he added.
project period.

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