Even as the power business continues to face losses for the past one year, the Adani Enterprises Limited, the parent company of the Adani Power Limited, is set to hike its stake in latter from around 68 per cent currently to 75 per cent. The board of directors of AEL, on Thursday approved the proposal to allow additional investment in Adani Power by the promoters, AEL. "The board of Adani Enterprises Ltd has approved, in principle, the proposal to allow additional investment in Adani Power Ltd so as to enhance the total promoters' shareholding up to 75 per cent from about 68 per cent (post amalgamation), subject to compliance with applicable SEBI regulations," the company informed in a statement. However, the company did not divulge the details of investments that would be made for raising the stake. It may be noted that the profits of the largest private sector power producer, Adani Power has been strained due to high cost of imported coal.