Mumbai, Jan. 29 -- Adani Power on Wednesday reported an 11.7% increase in its consolidated net profit, reaching Rs 3,057.21 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), compared to Rs 2,737.96 crore in the same period last year.

Additionally, the company announced that its board of directors has approved raising up to Rs 5,000 crore through the qualified institutional placement (QIP) route, the reported said, citing the exchange filing.

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