According to a press release by Adani, revenue has increased by a substantial 66 per cent year-on-year to reach Rs 4,029 Crores, reflecting AGEL's remarkable growth in the renewable energy sector.
Adani Green Energy Limited reported revenue from power supply at Rs 2,059 crore during the April-June 2023 quarter, an increase of 55 per cent year-on-year.
The plant at Kutch has a 25-year power purchase agreement of 130 MW with Solar Energy Corporation of India (SECI) at Rs 2.83/kWh, according to a statement from Adani Green Energy. The company said this places AGEL's total renewable portfolio well on track to reach its vision of 45 GW capacit
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, announced financial results for the quarter and fiscal year ended on 31 March 2023 and reported robust growth in Revenues, EBITDA and Cash Profit.
DNV conducted a qualitative and quantitative assessments of water balance index for AGEL's operational sites greater than 200 MW capacity in Tamil Nadu, Rajasthan, Karnataka, Gujarat and Andhra Pradesh, according to a statement from AGEL. As per the assessment, the water balance index is 1.1
BSE Sensex gained 419 points to 58,054.12 and NSE's Nifty went up 107 points to cross 17000 level to 17,093.35. Adani Green, Mirzaint, KPI Tech and NHPC were among the top gainers on BSE on Friday.
Along with the repayments done earlier in the month of February, the conglomerate said Adani has prepaid USD 2,016 million of share-backed financing, which is consistent with promoters' commitment to prepay all share-backed financing before March 31, 2023, according to a statement from Adani
Adani Group firms such as Adani Enterprises, Adani Green, Adani Transmission, Adani Wilmar, Adani Ports and Adani Power made gains during Friday's session. After opening at 17,451.25, the Nifty extended gains during the day and settled near the 17,600 level.
The combined operational generation capacity of this newly added hybrid power plant is 700 MW and has a power purchase agreement (PPA) at Rs 3.24/kwh for 25 years, according to a statement from the firm released on Friday.