Page 24 - Adani Green Energy

The highs, hurdles and grey areas in Adani's green energy dreams

Despite a $20-billion investment announcement in renewable power, the group is yet to commit to a net-zero investment in coal, and analysts question its debt burden

Sensex falls 361 pts, Nifty holds 17,500; Realty index drags; VIX cools 6%

Stock market LIVE: Broader markets end mixed; BSE Midcap falls 0.11 per cent and Smallcap index rises 0.48 per cent

Adani Green arm acquires 40 Mw operating solar project in Odisha

The project has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for Rs 4.235 per unit, with remaining PPA life of about 22 years

Adani Green raises $750 million from Green Bonds, coupon set at 4.375%

Funds will be utilised towards equity funding of the capex for underlying renewable projects under construction by AGEL

Moody's assigns Ba3 rating to Adani Green Energy's USD senior secured notes

Outlook is stable. AGEL will primarily use the proceeds to on-lend to its direct and indirect subsidiaries so they can fund the development of utility-scale renewable power projects

Moody's assigns Ba3 rating to Adani Green Energy's proposed USD notes

Moody's Investors Service has assigned a Ba3 rating to Adani Green Energy's proposed USD senior secured notes.

F&O expiry: Sensex ends choppy trade on flat note, gains 6% in Aug series

Sectorally, the metals pack bled the most, down 1.3 per cent, followed by the PSB Index (down 0.8 per cent)

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

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

Adani Green Energy net zooms 10-fold to Rs 219 cr in June quarter

Adani Green Energy Ltd has posted nearly 10-fold jump in its consolidated net profit at Rs 219 crore for the June quarter, compared to the year-ago period, mainly on the back of higher revenues.

Shares of four Adani Group companies locked in 5% upper circuit

Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE

Adani Group stocks trade mixed following clarification from NSDL

Shares of Adani Green Energy, Adani Ports and Adani Enterprises rose up to 5 per cent each in intra-day today but soon pared gains to trade flat-to-negative

Adani stocks among most expensive on bourses: Check details here

Group's listed stocks' P/E of 102x over three times Sensex's 33x

Plummeting RE tariffs edge out small players even as bigger ones expand biz

The sharp drop in renewable energy tariffs is encouraging smaller players to exit even as larger ones look to innovative financing methods to expand their portfolios

Adani Green buys SB Energy from Softbank and Bharti; firm valued at $3.5 bn

Deal for company with range of assets is biggest acquisition in India's renewable power sector.

Adani Green surges 10% in 2 days on report it may acquire SB Energy

According to a Bloomberg report, the deal could value SB Energy, owned by SoftBank Group Corp. and Bharti Enterprises Ltd., at more than $650 million

Adani Green in advanced talks for SoftBank-backed SB Energy: Report

A deal could value SB Energy, owned by SoftBank Group Corp. and Bharti Enterprises Ltd., at more than $650 million

Adani Green Energy's consolidated net profit up by 86 pc in March quarter

Adani Green Energy posted a nearly 86% rise in consolidated net profit to Rs 104 crore for the quarter ended March 2021, mainly due to higher revenues

Dixon Tech, Adani Green: How to trade multi-baggers of FY21 in new fiscal

Hindustan Copper, Aarti Drugs, Dixon Technology, APL Apollo Tubes, Laurus Labs and Affle India, meanwhile, zoomed over 400 per cent during FY21

Adani Green Energy acquires 100% stake in Spinel Energy and Infrastructure

Adani Green Energy has acquired 100 per cent equity stake in Spinel Energy and Infrastructure from Hindustan Cleanenergy and Peridot Power Ventures. "Adani Green Energy Ltd (AGEL) has completed acquisition of 100 per cent of the share capital and all the securities of Spinel Energy & Infrastructure Ltd from Hindustan Cleanenergy Limited and Peridot Power Ventures Ltd," a BSE filing said. This acquisition is part of AGEL's overall growth strategy where the company is planning to build a capacity of 25 GW by 2025. While acquisitions of existing infrastructure would help it grow inorganically, AGEL is expanding organically too by establishing greenfield power plants. This particular acquisition will help it add 20 MW additionally in its existing capacity and help in expanding its network and meet the targeted decarbonisation plan for a greener environment. AGEL's present capacity includes power plants worth 15,240 MW in 86 locations, spread over 11 states in the country. The company

Adani Green Energy acquires 75 MW solar capacities from Sterling & Wilson

Adani Green Energy on Friday said it has acquired 100 per cent stake in two special purpose vehicles (SPVs) that own 75 MW operating solar projects in Telangana from Sterling & Wilson. The projects, commissioned in 2017, have long-term power purchase agreements (PPA) with the Southern Power Distribution Company of Telangana. "Adani Green Energy Limited has completed acquisition of 100 per cent of the share capital and all the securities of Surajkiran Solar Technologies Private Limited and Dinkar Technologies Private Limited from Sterling and Wilson Private Limited," it said in a BSE filing. Earlier this week, Adani Green Energy Ltd (AGEL) had signed definitive agreements with Sterling & Wilson, a Shapoorji Pallonji group company, for the acquisition. The enterprise valuation of the two target SPVs is Rs 446 crore, the company had said. With this acquisition, AGEL will increase its operating renewable capacity to 3,470 MW with a total renewable portfolio of 15,240 MW, it had ...