Page 10 - Adani Green Energy

Several of Adani's dollar bonds fell most in over six months on US probe

US investigators are digging into whether an Adani entity, or people linked to company including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project

Adani group plans to invest $14 bn across its portfolio companies in FY25

Adani group plans to invest more than Rs 1.2 lakh crore (about USD 14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its USD 100 billion investment guidance over the next 7-10 years to grow businesses, sources said. The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40 per cent higher than what the portfolio is estimated to have incurred in FY24. According to analysts, the portfolio is estimated to have incurred a capex of around USD 10 billion in FY24 that ends on March 31. Sources said these investments will set the stage for exponential profit growth. The group had previously guided a USD 100 billion capex over the next 7-10 years. Most of this investment is going to go into group fast growing businesses -- renewable, green hydrogen and airports. As much as 70 per cent of the planned capex will go into its green portfo

Adani Green Energy operationalises 126 MW wind power plant in Gujarat

Adani Green Energy on Thursday said it has operationalised the 126 MW capacity of a 300 MW wind power project in Gujarat. The 174 MW capacity was operationalised earlier. The project will produce 1,091 million electricity units, leading to a reduction of approximately 0.8 million tonnes of CO2 emissions annually, according to a statement. "Adani Wind Energy Kutchh Four Limited (AWEK4L), wholly-owned subsidiary of Adani Green Energy Limited (AGEL) has operationalised an incremental 126 MW of merchant wind power project in Gujarat," the company said in a regulatory filing. With the operationalisation of the project, AGEL continues to strengthen its market leadership, operating India's largest renewable energy portfolio of 9,604 MW. Together with 174 MW operationalised earlier, an aggregate project capacity of 300 MW of wind power project is operationalised by AWEK4L, it stated. AGEL develops, owns, and operates utility-scale grid-connected solar, wind and hybrid renewable power ...

Laggards of 2023 scripting a rebound in 2024; Can the trend continue?

Borosil Renewable and EaseMyTrip can potentially rally up to 18% from present levels, while Adani Green and Epigral may consolidate, suggests technical charts.

Adani Green operationalises 1,000 Mw of solar projects at Khavda in Gujarat

Adani Green Energy Ltd delivered 1,000 Mw in less than 12 months of starting work at Khavda. This involved installing about 2.4 million solar modules

Adani Group in discussions to offer $1.2 billion more bonds by June

The company is discussing the planned transaction with arrangers and bankers

Adani Green Energy's $409-million bond sale oversubscribed 7 times

This transaction represents the first bond deal for Adani Group since September 2021 and follows the successful equity raise of over $1.4 billion, which was completed in December last year

Adani Green operationlises additional 448 MW solar projects at Khavda

Adani Green Energy subsidiary Adani Green Energy Twenty Four B has operationalised an additional 448.95 MW solar power projects at Khavda in Gujarat. Together with earlier intimation dated February 14, 2024, an aggregate of 1,000 MW of solar power projects are operationalised at Khavda, Gujarat, a regulatory filing stated. According to the filing, Adani Green Energy Twenty Four A Ltd and Adani Green Energy Twenty Four B Ltd, wholly-owned step-down subsidiaries of Adani Green Energy Ltd (AGEL) have operationalised an incremental 448.95 MW of solar power projects at Khavda. With the operationalisation of these plants, AGEL's total operational renewable generation capacity has increased to 9,478 MW in its journey of 45 GW capacity by 2030. Based on the relevant clearances, it was decided at 11.49 pm on March 4, 2024, to operationalise the plants and commence the sale of power generated from March 5, 2024, the filing said. On February 14, 2024, the company informed that its arms A

Adani's first bond issue sees massive comeback to international market

Adani Green's bonds paid a yield of 6.7%, 42.5 basis points cheaper than levels initially proposed when the deal was announced this morning, thanks to strong investor demand

Adani Green plans to raise $409 million US dollar bonds to repay loan

Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani's conglomerate, plans to raise USD 409 million through US dollar-denominated bonds to repay a debt obligation falling this year. In a regulatory filing, the company said the bond will have a door-to-door tenor of 18 years. The proceeds will be used to redeem the USD 500 million 6.25 per cent senior secured notes due 2024, it said adding these notes were issued on June 10, 2019. Three subsidiaries of Adani Green Energy Twenty-three Ltd, a unit of AGEL, are co-issuers. AGEL has a portfolio of 20,844 MW of operational and under execution projects to produce electricity from solar energy. Separately, Fitch Ratings said it has the proposed bond issue an expected rating of 'BBB-(EXP)'. "The Outlook is Stable." "The company plans to use the proposed US dollar notes to refinance its five-year bullet USD 500 million senior secured notes due 2024. The proposed notes will have security and protective structural fea

Adani Green Energy to raise $409 million via US dollar-denominated bonds

Since then, most of the group's foreign bonds are back above the levels they traded at before the Hindenburg report, giving the company comfort to look at a fresh issue of dollar bonds

Adani shares buck trend, rally up to 5% in a slippery market

Renewed confidence among overseas investment firms has helped lift sentiment at the Adani Group counters on BSE and NSE.

Adani Green Energy likely to raise $500 mn by tapping dollar bond market

Adani Green Energy recently completed the funding to redeem its $750 million bonds due in September, eight months before they mature

Adani Green starts generating power at Khavda renewable power plant

Adani Green said once the Khavda plant is fully operational, it will be able to generate 81 billion units of clean electricity

Adani begins discussions for first dollar bond sale since Hindenburg

The sprawling ports-to-power empire has trimmed debt, pared founders' share pledges and landed major projects over the past year, helping to rebuild confidence among investors and lenders

Adani Green Q3 result: Net profit more than doubles to Rs 256 crore

Adani Green Q3FY24 results: The company's revenue from operations rose 17 per cent to Rs 2,311 crore in the quarter

Adani Green completes funding of reserves for $750 million Holdco Bond

Adani Green had announced the redemption plan for the $750 million bonds earlier this month

Adani Green Energy raises Rs 2,337 crore capital through issue of warrants

Adani Green Energy has raised Rs 2,337.51 crore through an issue of warrants to Ardour Investment Holding on a private placement basis. "Management Committee of Board of Directors of Adani Green Energy at its meeting held on Thursday, has approved the allotment of warrants of the Company, on a preferential basis by way of a private placement, to Ardour Investment Holding Ltd", a BSE filing stated. As per the filing, as many 6,31,43,677 warrants of Rs 1,480.75 each totalling Rs 23,37,51,57,789 are issued. Upon conversion and exercise of the warrants into equity shares of the Company (which shall rank pari passu to the existing fully paid-up equity shares), the warrant holder will hold 3.83 per cent equity stake in the Company, on a fully diluted basis. The equity shares issued upon conversion of the warrants so issued will be listed on BSE Limited and the National Stock Exchange of India Limited.

A year after Hindenburg saga, Adani biz emerges fundamentally stronger

While Adani stocks have risen more than $90 billion from last year's low, they remain about $60 billion short of their pre-Hindenburg peak

Green hydrogen to play key role in India's net zero journey: Gautam Adani

Billionaire Gautam Adani on Tuesday said green hydrogen holds the key to India's journey to net-zero carbon emissions, and its current high cost can be reduced by replicating the solar power model. In a blog post for the World Economic Forum (WEF), the head of apples-to-airport Adani Group said leapfrogging to renewables and green hydrogen will help India achieve energy security and improve air quality in cities. Green hydrogen produced by splitting water using renewable electricity is a clean fuel with no carbon emissions. It can be used as a feedstock in industries like steel and oil refineries and as fuel in automobiles and produces water on being burnt. "Renewable energy has come a long way but relies on the right weather conditions; green hydrogen could be a viable alternative to fossil fuels," Adani said. Green hydrogen relies on renewable energy. And so the production cost of renewable energy must fall faster than green hydrogen's to be viable. Vertical integration, where a