Adani Green posts 10x increase in profit to Rs 219 crore in Q1FY22

Adani Green Energy Ltd (AGEL) has reported a 10-fold increase in its net profit to Rs 219 crore in the first quarter ending June 2021 over the same period last fiscal. The total income of the company increased to Rs 1,079 crore in the first quarter from Rs 878 crore in the same period a year ago.

The company in a public statement said it commissioned renewable projects totalling 200 Mw in Q1 FY22. “AGEL in the process of acquiring SB Energy’s 5 GW India renewable portfolio for a fully completed enterprise value of $3.5 billion, making it India's largest