Page 3 - Adani Green Energy

US indictment: Independent review finds no irregularities, says Adani Green

Adani Green Energy has said an independent review of its regulatory compliances related to an alleged breach that led to the indictment of founder chairman Gautam Adani and two company executives in a US court, did not find irregularities or non-compliances on the issue. In November last year, US authorities charged Adani, his nephew and executive director Sagar Adani and managing director Vneet S Jaain for being involved in an alleged scheme to pay bribes to Indian government officials to win solar energy contracts, and concealed the plan as they sought to raise money from US investors. In its FY25 earning announcement, Adani Green Energy - the firm at the heart of allegation of USD 265 million bribes allegedly being paid to Indian officials to secure solar power sale contracts that could bring in USD 2 billion of profits over 20 year period to the firm - said its holding company has not been named as a defendant in the indictment and civil complaint and the matter was pending for .

Adani Green Energy Q4 FY25: Net profit rises 53.3% to ₹230 crore

Adani Green Energy on Monday posted a 25.54 per cent rise in consolidated net profit to Rs 383 crore in the March quarter, primarily driven by higher revenues. The company posted a consolidated net profit of Rs 310 crore a year ago, as per a regulatory filing. The company's total income rose to Rs 3,278 crore during the quarter from Rs 2,841 crore in the same period a year ago. The consolidated net profit in FY25 also rose to Rs 2,001 crore from Rs 1,260 crore in FY24. Similarly, total income in the current fiscal year rose to Rs 12,422 crore from Rs 10,521 crore in the same period a year ago. The board, on the recommendation of the nomination and remuneration committee, approved re-appointment of Vneet S Jaain as the Managing Director of the Company, for five years from July 10, 2025, subject to approval of the shareholders, it said. Raminder Singh Gujral has been appointed as an Independent Director from July 10, 2025, for a second term of three years, it said. In a separate .

Adani Energy Solutions Q4 results: Net profit jumps 87% to ₹713 crore

Adani Energy Solutions Ltd (AESL) on Thursday reported an 87 per cent rise in consolidated net profit to Rs 713.66 crore in the March quarter, on higher income. It had posted a net profit of Rs 381.29 crore in the January-March period of preceding 2023-24 financial year, the company said in a regulatory filing. During the quarter, the company's total income surged to Rs 6,596.39 crore from Rs 4,855.18 crore in the same period a year ago. While expenses stood at Rs 5,411.60 crore against Rs 4,358.83 crore in the fourth quarter last fiscal. For the full FY25, AESL reported a net profit of Rs 921 crore, lower than Rs 1,195.61 crore in FY24. Total income rose to Rs 24,446.55 crore in the full fiscal, up from Rs 17,218.31 crore a year ago. AESL, part of Adani portfolio, is into power transmission, distribution, smart metering, and cooling solutions.

Adani Green Energy sees 30% surge in operational capacity in FY25

Adani Green Energy Ltd (AGEL) on Tuesday reported a 30 per cent year-on-year growth in its operational capacity to 14,243 megawatt in FY25. The operation capacity will increase further to over 15,000 megawatt (MW) with an additional 1,000 MW nearing its completion, AGEL said in an exchange filing. The company's operational capacity stood at 10,934 MW in 2023-24. Operational solar capacity increased to 10,103 MW from 7,393 MW in FY24, while wind capacity grew to 2,000 MW from 1,401 MW a year ago. The hybrid capacity remained unchanged at 2,140 MW. Energy sales increased to 27,969 million units (MUs) in FY25 from 21,878 MUs in FY24. The sale from solar projects increased to 16,738 MUs in FY25 against 11,046 MUs, while that of wind rose to 3,834 MUs compared to 3,188 MUs in FY24. Energy sales from hybrid also increased to 7,397 MUs from 7643 MUs in FY24.

Adani Power (Jharkhand) whole-time Director Ramesh Jha steps down

Ramesh Jha, Whole-time Director of Adani Power (Jharkhand) Ltd (APJL) has resigned, a BSE filing said. APJL is a material subsidiary of Adani Power Ltd. "Ramesh Jha, Whole-time Director of Adani Power (Jharkhand) Limited has resigned to continue his office as such with effect from the close of business hours on March 31, 2025," Adani Power said in the filing. Consequently, Jha ceases to be a Senior Management Personnel of Adani Power with effect from the close of business hours on March 31, 2025. In his resignation, he said "due to some personal reasons and certain other pre-occupations, I am not able to continue to hold office as a Director/Whole-time Director in APJL." Adani Power is the largest private thermal power producer in India.

Mazagon, Paytm, IndusInd: These are top wealth creators, destroyers of FY25

After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities

Petitions against Adani Green withdrawn as firm cancels Sri Lanka project

Five fundamental rights petitions filed against the Adani Green Energy projects in the northeastern region of Sri Lanka have been withdrawn by the petitioners. The withdrawal comes after the Attorney General filed a motion following Adani Green Energy's notification to the Board of Investment about its decision to cancel its wind energy projects. Last month, the Indian conglomerate announced its withdrawal from further engagement in the renewable wind energy project in Mannar and Pooneryn. Fundamental rights petitions were filed in 2024 after the previous cabinet approved the project in May last year. The petitions pointed to the project's environmental hazards and the lack of transparency. The Adani Group left the project after the new Sri Lankan government led by President Anura Kumar Dissanayake decided late in December to review the project and renegotiate the power purchase agreement. The previous government-negotiated price of eight cents was considered too high, with the ..

Adani shares, MFSL saw long build-up last week; Ramco, Tata Tech F&O shorts

According data from the NSE F&O segment, Tube Investments of India and PI Industries witnessed some short-covering in the week ended March 13, 2025.

Macquarie sees 40% upside in Adani Green stock, gives 'Outperform' rating

Adani Green share price: Under its bull case scenario, Macquarie sees the shares go up as much as Rs 2,600 apiece

Adani Green Energy gains 2% as arm commissions 250 MW solar project in AP

With the commissioning of this plant, Adani Green Energy's total operational renewable generation capacity has increased to 12,591.1 MW

Stocks to Watch Today, March 12: Airtel, Kaynes Tech, Swiggy, RVNL, Voda

Stocks to Watch Today: Adani Enterprises, Adani Green, ONGC, PNB, Bank of India, AGS Transact, Godrej Agrovet are some other stocks to watch out today, March 12, 2025

Fitch assigns negative outlook to Adani Energy citing governance concerns

Fitch assesses that the US indictment for alleged securities and wire fraud reflects a corporate governance risk

Adani Grp stocks rally: Power, Ports, Enterprises jump up to 6% on March 10

On Friday, Fitch Ratings affirmed Adani Energy Solutions Limited's (AESL) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'

Fitch cuts Adani Energy's outlook to negative, cites US probe risks

The US indictment may lead to negative rating action in the near to medium term for Adani Energy

Stocks to Watch, Mar 4: IRCTC, IRFC, Adani Green, Metropolis, AGS Transact

Stock market today: The Centre has elevated IRCTC and IRFC from Miniratna I to Navratna status

Power Finance shoulders Adani Green's $1 bn construction-linked loan

The lender is said to have offered a fixed rate loan for the full term with a commitment to hold it until maturity at the end of 19 years

Adani Green raises $1.06 bn for debt refinance, first since US indictment

Adani Green Energy Ltd had earlier shelved its planned $600 million bond offering in November 2024 following the US indictment of key executives, including Chairman Gautam Adani

Adani Group's US investment plans likely back on track thanks to Trump

In February 2025, Trump ordered a halt to FCPA enforcement, a move that industry observers believe could weaken the legal case against the Adani executives

India's renewable energy leaders call for localisation to sustain growth

Localisation of supply chains and talent development are key to making India's renewable energy sector self-reliant and globally competitive, industry experts stress at BS Manthan

Adani Green crosses 12GW renewable capacity, added 275 MW solar project

Adani Green Energy (AGEL) on Friday said its total operational renewable energy generation capacity has increased to 12,258.1 MW with the commissioning of an additional 275 MW of solar power project at Khavda, Gujarat. "Adani Green Energy Twenty Five A Ltd, wholly-owned step down subsidiary of the company has operationalized an incremental 275 MW of solar power project at Khavda, Gujarat," a regulatory filing said. According to the statement, with the commissioning of this plant, AGEL's total operational renewable generation capacity has increased to 12,258.1 MW. Based on the relevant clearances, it was decided on February 27, 2025 to operationalize the plant and commence power generation from February 28, 2025, it added. According to a company statement, AGEL, India's largest renewable energy (RE) company has surpassed a record 12,000 megawatts (MW) of operational portfolio. AGEL is the first and only renewable energy company in India to reach this landmark. AGEL's 12,258.1 MW .