Page 19 - Adani Green Energy

Stocks to watch: M&M, Eicher Motors, Zomato, Adani Green, Alkem Labs, JSPL

Stocks to watch today: LIC, M&M, Adani Power, Hindalco Industries will report the July-September (Q2FY23) quarter results on Friday, November 11

Adani Green Energy Q2 net up 49% to Rs 149 cr, income rises to Rs 1,686 cr

Adani Green Energy on Thursday posted a 49 per cent rise in its consolidated net profit at Rs 149 crore in September quarter of FY23 compared to a year ago, mainly due to higher revenues. The consolidated net profit of the company was Rs 100 crore in the quarter ended on September 30, 2021, a BSE filing showed. Total income of the company rose to Rs 1,686 crore in the reporting quarter from Rs 1,411 crore in the same period a year ago. "With our focus on delivering the cheapest green electron, we have continued to deploy the latest and most innovative technologies to maximise electricity generation at a lower cost," said Vneet S Jaain, MD & CEO, Adani Green Energy, in a statement. He further said, "The globally well-recognised ESG (Environmental, Social and Governance) ratings, that rank us ahead of some of the largest global utilities and RE (Renewable Energy) players, are yet another proof of our commitment to a sustainable future and the highest governance standards at ...

Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%

CLOSING BELL: Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent

Stocks to watch: Adani Green, Tata Motors, M&M, Zomato, JSPL, Bharat Forge

Stocks to watch today: Adani Green, Zomato, Eicher Motors will report the July-September (Q2FY23) results on Thursday, November 10; Bharat Forge's subsidiary bagged export order worth $155.5 million

Adani Enterprises Q2 net more than doubles; revenue rises threefold

In Q2, integrated resource management, saw revenue growing over three times to Rs 30,435 crore YoY

Adani group to invest $150 billion in pursuit of $1 trillion valuation

Richest Asian Gautam Adani's group will invest over USD 150 billion across businesses ranging from green energy to data centres to airports and healthcare as it chases the dream to join the elite global club of companies with USD 1 trillion valuations. On October 10, Adani Group Chief Financial Officer Jugeshinder 'Robbie' Singh detailed the growth plans of the group, which started off as a trader in 1988 and expanded rapidly into ports, airports, roads, power, renewable energy, power transmission, gas distribution and FMCG and more recently into data centres, airports, petrochemicals, cement and media, at an investor meet organised by Ventura Securities Ltd in New Delhi. The group plans to invest USD 50-70 billion in green hydrogen business and another USD 23 billion in green energy over the next 5-10 years, he said. It will invest USD 7 billion in electricity transmission, USD 12 billion in transport utility and USD 5 billion in the road sector. Its foray into data centre business

Shareholders nod to Ahlem Friga Noy appointment as Adani Green director

Adani Green Energy said it has received shareholders' approval to appoint Ahlem Friga Noy as a non-executive, nominee director in the company. Shareholders of the company has approved the appointment of Ahlem Friga Noy as a director (non-executive, nominee director) in an Extraordinary General Meeting (EGM) of the company held on Wednesday, October 26, 2022, a BSE filing showed. According to the notice for the EGM, the board had recommended for the approval of the members for the appointment of Ahlem Friga Noy as a director of the company, from 27th July, 2022. The approval of shareholders for the appointment of a person on the board of directors has to be taken either at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier. Accordingly, it explained that the approval of the shareholders is sought to comply with the listing regulations. Ahlem had given her consent to act as a director of the company. She is a seasoned

India's green energy firms join hands to develop carbon-credit market

India's green energy companies, such as Adani Greens, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals

Inox Green Energy Services sells entire stake in 3 arms to Adani Energy

Inox Wind on Monday said its arm Inox Green Energy Services has sold its entire equity stake in three special purpose vehicles to Adani Green Energy. "Inox Wind... through its subsidiary arm, Inox Green Energy Services Ltd (IGESL) has sold the entire equity shareholding held in Wind One Renergy Ltd, Wind Three Renergy Ltd and Wind Five Renergy Ltd... to Adani Green Energy Ltd," it said in a BSE filing. These special purpose vehicles (SPVs) "commissioned 50 MW each, out of the total 250 MW which it had successfully won under the Tranche 1 of Solar Energy Corporation of India Ltd's (SECI -1) bids for wind power projects at Dayapar, Gujarat connected on the central grid...," it added. IGESL shall provide long-term operations and maintenance services for these projects. Inox Wind through its SPVs had supplied, erected and commissioned 25 units of its advanced 2 MW Wind Turbine Generators (WTGs) as part of 50 MW project each. Inox Wind had won 250 MW in SECI Tranche 1 auction at a fixe

Adani group eyeing to raise $10 billion for renewables, cement arms

Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the group in the coming days

Adani Wilmar, Adani Power freeze at 5% upper circuit; Ambuja Cements up 4%

Adani Green Energy, Adani Total Gas, Adani Enterprises and Adani Transmission were trading higher in the range of 2 per cent to 4 per cent

Stocks to Watch: RIL, ONGC, OMCs, DLF, SpiceJet, Zee, BoB, Apollo Hospitals

Stocks to Watch Today: Shares of oil producers and marketing companies are likely to be in focus following the steep production cut by OPEC+.

Adani, Tata Power plan to raise $1.3 bn in green bonds for new projects

Adani Green to launch $1 bn bond by December; Tata Power to raise $320 mn this month

Adani Greens forms 3 new subsidiary companies for renewable energy biz

Adani Renewable Energy Holding Four Limited has incorporated three new subsidiary companies for renewable energy business. In a statement on Monday, Adani Green Energy Ltd (AGEL) said Adani Renewable Energy Holding Four Limited is its own subsidiary and the newly incorporated entities are its step-down subsidiaries. "Adani Renewable Energy Holding Four Limited has incorporated 3 new subsidiaries. The main objective of the new subsidiaries is to generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy," it said. The names of three new subsidiary companies are Adani Renewable Energy Thirty Six, Adani Renewable Energy Forty Limited and Adani Renewable Energy Forty Seven Limited. The subsidiaries were incorporated and registered with the Registrar of Companies, Gujarat at Ahmedabad on October 3, 2022 and are yet to commence its business operations.

Adani Group stocks crack; Adani Enterprises, ATGL hit 10% lower limit

Adani Enterprises and Adani Total Gas were the major losers among the group stocks, as they hit the 10 per cent lower circuit in intraday deals.

Adani Green Energy up 20% on heavy volume; exchange data shows block deal

In September, Spitze Trade and Investment Limited, one of the promoters of AGEL acquired 4 million equity shares representing 0.25 per cent of total equity of the company via open market deals.

Adani Green commissions largest 600 MW wind-solar plant in Rajasthan

Adani Green Energy Ltd (AGEL) on Thursday said it has commissioned the world's largest wind-solar power plant of 600 MW capacity in Jaisalmer, Rajasthan. The plant has a power purchase agreement with Solar Energy Corporation of India (SECI) at Rs 2.69/kwh for 25 years, a company statement said. The project consists of 600 MW solar and 150 MW wind plants, it said adding it shall not only reduce intermittency of renewable energy power, but also help the country in optimal utilisation of transmission network. In May 2022, AGEL operationalised India's first hybrid power plant with a capacity of 390 MW in Jaisalmer. With the commissioning of the 600 MW plant, AGEL now has total operational generation capacity of 6.7 GW, including operational hybrid power generation capacity of 1 GW, the largest in the world, it said. This puts AGEL's total renewable portfolio of 20.4 GW well on track to reach its vision of 45 GW capacity by 2030. The 600 MW hybrid plant is housed in two AGEL subsidiar

TotalEnergies may trim stake in Adani Green to cash in on valuation jump

The French energy giant bought 20% of Adani Green in 2021 for $2 billion, building on a series of previous deals with Indian billionaire Gautam Adani.

Top headlines: Adani's $100-bn green energy push; Saab to produce in India

The group has earmarked 70 per cent of its new investments for energy transition space and infrastructure. "We are already the world's largest solar player, and we intend to do far more

World's second-biggest fortune fails to halt rout in bonds of Adani firms

Stocks of firms in Gautam Adani's business empire -- spanning ports to gas distribution and coal mining -- have jumped in part on soaring energy prices