Page 15 - Adani Green Energy

Thermal power firms may transition to green energy faster than anticipated

State-owned NTPC is by far the largest to make the transition, but Tata Power and even Adani Power, despite the noises surrounding its coal business, are on the same trajectory

MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%

The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month

Adani Group shares weak; Adani Wilmar sheds 5% as Q4FY23 PAT sinks 56% YoY

Shares of Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Ambuja Cements and Adani Ports and Special Economic Zone were trading 3-7 per cent lower intra-day

Adani Green Energy reports EBITDA in FY23 of Rs 5,538 cr up by 57% YoY

The sale of energy has increased by 58 per cent YoY to 14,880 mn units in FY23

Adani stocks in focus amid Q4 results; Adani Green soars 5%, NDTV tanks 5%

Adani Total Gas and Ambuja Cements are scheduled to announce their Q4FY23 results today. Adani Wilmar will announce its Q4FY23 numbers on May 3; Adani Enterprises on May 4; and Adani Power on May 5

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Adani focuses on energy as green unit's net income quadruples in 3 months

Adani Green Energy Ltd., India's top renewables company, saw net income in the three months through March more than quadruple to 5.07 billion rupees ($62 million)

Adani Green Energy net profit surges 142% to Rs 1,365 crore in Q4

AGEL said it has signed PPAs for 450 MW wind projects and 650 MW solar projects with SECI in FY23 further strengthening the firm project pipeline

Adani Green Energy net profit up 4-fold to Rs 507 cr in March quarter

Adani Green Energy on Monday posted a four-fold rise in its consolidated net profit to Rs 507 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues. The consolidated net profit of the company was Rs 121 crore in the quarter ended on March 31, 2022, a BSE filing stated. Total income of the company rose to Rs 2,988 crore in the quarter from Rs 1,587 crore in the same period a year ago. The consolidated net profit of the company also increased to Rs 973 crore in 2022-23 from Rs 489 crore in the previous financial year. Total income of the company rose to Rs 8,633 crore in the 2022-23 fiscal from Rs 5,548 crore the year ago. The company also announced that the designation of Vneet S. Jaain has been changed from Managing Director & Chief Executive Officer to Managing Director effective from May 11, 2023. The sale of energy has increased by 58 per cent YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics

Adani Group aims to raise about $800 mn for financing green energy projects

Any project financing could show banks' increasing comfort in extending money, after Adani's ports-to-power conglomerate was roiled by accusations of corporate fraud by Hindenburg Research

3 Adani Group stocks hit 5% upper circuit; Adani Enterprises jumps 4%

Adani Ports said the purpose of the $130 million tender offer purchase is to partly prepay the company's near-term debt maturities and to convey the comfortable liquidity position of the company.

Adani Green Energy gets certification from DNV for water conservation

Adani Green Energy Ltd (AGEL) on Wednesday said it has received a recognition for conserving water against consumption. "AGEL has been certified Water Positive by DNV, an independent global assurance agency. The verification statement signifies that AGEL's water conservation is greater than consumption," a company statement said. DNV conducted qualitative and quantitative assessment of water balance index for AGEL's operational sites having greater than 200 MW capacity in Tamil Nadu, Rajasthan, Karnataka, Gujarat and Andhra Pradesh. As per the assessment, the water balance index is 1.12 (positive), surpassing its target to become net water neutral by FY25, way ahead of time. The verification process entailed sample-based checks and the methodology, measurement techniques, estimation methods, assumptions and uncertainties involved in the process of water accounting as adopted by AGEL. AGEL has recorded a 99.5 per cent lower freshwater consumption per unit of generation as against 3

Adani Green, Adani Enterprises shares jump after group issues clarification

On Monday, Adani Group said that the transactions that have been inquired about in an FT report have been publicly disclosed

NSE, BSE to move Adani Green to long term additional surveillance 1st stage

Leading bourses NSE and BSE on Thursday said Adani Green Energy will be moved to the first stage of the long term additional surveillance measure framework from April 10. On March 28, both the exchanges had put Adani Green Energy under the second stage of the long term Additional Surveillance Measure (ASM) framework. In two separate circulars, the bourses said Adani Green Energy will continue in the framework but will be moved to respective lower stage ASM from April 10. The parameters for shortlisting securities under the ASM framework include high-low variation, client concentration, number of price band hits, close-to-close price variation and price earning ratio. Meanwhile, stocks of all the 10 listed firms of the Adani group on Thursday ended the day in the positive territory, with Adani Transmission, Adani Green Energy, Adani Total Gas and NDTV each climbing 5 per cent. Many of the group firms hit their upper circuit limits during the day. After taking a beating on the bour

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NSE, BSE put Adani Green Energy under 2nd stage of longterm ASM framework

Leading bourses NSE and BSE have said that Adani Green Energy will be put under the second stage of the long-term additional surveillance measure (ASM) framework from Tuesday. In two separate circulars, the bourses said Adani Green Energy shall continue in the ASM framework but will be moved to the respective higher stage from March 28. The move also comes close on the heels of the two exchanges moving two group firms Adani Total Gas and Adani Transmission from the second stage of the long-term ASM framework to Stage-I on Friday. On March 17, both exchanges put Adani Green Energy and NDTV under the first stage of the long-term ASM framework. Meanwhile, all the 10 listed firms of the Adani group on Monday ended the day in the negative territory, with Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas each falling nearly 5 per cent. Many of the group firms hit their lower circuit limits during the day. The Adani group stocks have taken a beating on the exchanges sinc

Why not investigate Adani issue, why so much of fear: Rahul targets PM Modi

Congress leader Rahul Gandhi on Monday asked Prime Minister Narendra Modi why there was no investigation into the investment of people's retirement fund in the Adani group even after various allegations were levelled against the firm. Taking to Twitter, Gandhi said, "LIC's capital, to Adani! SBI's capital, to Adani! EPFO's capital too, to Adani! Why is public's retirement money being invested in Adani's companies even after 'Modani' exposed?". "Mr prime minister, no investigation, no answer! Why so much of fear," he asked in a tweet in Hindi. A major political controversy erupted after Adani Group stocks took a beating on the bourses after US-based short seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation, last month. The Gautam Adani-led group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. Gandhi has been attacking the prime minister on the Adani issue and has bee

GQG Partners' investment in Adani Green Energy soars 100% in 15 days

On March 2, GQG Partners had bought 55.6 million equity shares of AGEL, worth Rs 2,806 crore, at a price of Rs 504.60 per share

Adani Green trades firm in weak market; stock zooms 94% in 13 days

On March 2, 2023, GQG Partners, a leading US based Global Equity investment boutique, purchased 55.6 million equity shares of AGEL for Rs 2,806 crore at price of Rs 504.60 per share.

Hindenburg fallout: Adani suspends work on Rs 35K-cr petchem project

Hindenburg fallout: Adani Group suspends work on Rs 34,900 cr petchem project