Key Points
Adani Green Energy, the renewable energy company owned by Gautam Adani, is currently in discussions with a consortium of international lenders for a potential loan of up to $1.8 billion, according to anonymous sources cited by Bloomberg...
This potential borrowing initiative follows Adani Group's recent successful securing of a $3.5 billion funding package, which was used to refinance the debt related to the acquisition of Ambuja Cements Ltd. and ACC Ltd..
Earlier this week, Adani Green Energy recently announced impressive financial results for the quarter and the first half of the fiscal year ending on September 30, 2023..
One of the standout achievements in AGEL's performance is the substantial increase in energy sales, which soared by 78% year-on-year, reaching 11,760 million units in the first half of FY24..
The company's outstanding revenue growth, EBITDA, and cash profits can be primarily attributed to a capacity increase of 1,592 MW over the past year and improved CUF..
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Adani Green raises capacity by 43%
13, Jul, 23Adani Green Energy Ltd, the renewable energy arm of the Adani group, increased its capacity by 43% to 8,316 MW in Q2, making it India's largest renewable energy company. The company added 1,750 MW of solar-wind hybrid capacity, 212 MW of solar capacity, and 554 MW of wind power plants. Adani Green aims to achieve 45 GW of renewable energy capacity by 2030 and is actively working towards its net-zero target by 2050. The stock price of Adani Green rose 1.6% after the announcement.
Adani Green Energy reports 3-fold increase in net profit at Rs974 cr in FY23
01, May, 23The company's consolidated total income rose to Rs8,633 crore, up from Rs5,548 crore in FY2022
Adani Green Energy shares hit 5% upper circuit after Q4 profit surges four-fold
02, May, 23Adani Green Energy's shares increased by 5% after it reported more than a four-fold rise in consolidated net profit in Q4 of FY22 compared to the previous year. The company's revenues also increased by 58% YoY to 14,880 mn units in FY23, supported by strong capacity addition and deployment of latest renewable technologies. In contrast, on a year-to-date basis, the stock has fallen by 47%, while in the past year it has declined by 65%. The average target price of the stock is Rs 360, indicating 64% downside from current market prices.
Adani family to invest Rs 9,350 crore in Adani Green Energy
26, Dec, 23The issuance is subject to the approval of regulatory and statutory authorities as well as the shareholders of the company at the Extraordinary General Meeting scheduled on 18 January 2024.
India's Adani Green posts surge in profit on higher sales, capacity
31, Jul, 23Adani Green Energy (ADNA.NS), India's largest renewable energy firm by total capacity, reported a 50.5% rise in first-quarter profit on Monday, aided by strong power sales and improved capacity utilisation in its solar and wind-solar projects.
Adani to invest Rs 2.3 lakh cr in renewable energy, manufacturing capacity
08, Apr, 24Khavda/Ahmedabad (Gujarat), Apr 7 (PTI) Adani Group will invest about Rs 2.3 lakh crore through 2030 in India’s most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Adani Green Energy Ltd, India’s largest renewable energy company, will […]
Vibrant Gujarat summit: Gautam Adani to invest $24 billion in Gujarat in five years
10, Jan, 24The Adani Group's chairman, Gautam Adani, stated on Wednesday at the Vibrant Gujarat summit that the company plans to invest Rs 2 lakh crore ($24 billion) in the green and renewable energy sectors in the state of Gujarat over the course of the next five years. The Vibrant Gujarat summit kicked off on Wednesday.
Adani Green concludes power purchase agreement for entire 8,000 megawatt SECI tender
25, Dec, 23Ahmedabad (Gujarat) [India], December 25 (ANI): Leading renewable energy player Adani Green Energy has announced it executed the power purchase agreement with the Solar Energy Corporation of India (SECI) to supply 1,799 megawatts of solar power. With the signing of this balance agreement, the Adani Group company said has completed the power offtake tie-up for […]
Adani Green Energy's board approves raising Rs 12,500 crore, shares rise
06, Jul, 23Adani Green Energy shares rose over 1 per cent after its board approved the fundraising plan.