Page 8 - Adani Green Energy

Stocks To Watch: HDFC, IT stocks, Torrent Pharma, Ola Electric, Adani Green

Stocks to watch today: With Accenture raising its revenue guidance for FY25 to 3-6 per cent, exceeding its previous guidance, IT stocks in India would be in focus today.

Adani Green Energy signs 50-50 joint venture pact with TotalEnergies

Adani Green Energy Ltd (AGEL) on Thursday announced that it has completed signing a 50:50 joint venture (JV) with TotalEnergies, according to an exchange filing. As part of the JV, TotalEnergies has invested USD 444 million in its subsidiary to acquire a 50 per cent stake in AGEL's solar projects located at the world's largest renewable energy plant in Khavda, Gujarat, the filing said. "We would like to inform that the company has signed a Joint Venture Agreement with TotalEnergies Renewables Singapore Pte Ltd (TotalEnergies) and Adani Renewable Energy Sixty Four Ltd (ARE64L)," AGEL said in the filing. AGEL and TotalEnergies own a 50:50 stake in ARE64L, which houses a 1,150 MWac (megawatt alternate current) project portfolio.

Adani Energy Solutions, Green Energy join Utilities for Net Zero Alliance

Adani Green Energy and Adani Energy Solutions have joined the Utilities for Net Zero Alliance, a joint statement said on Tuesday. Utilities for Net Zero Alliance (UNEZA) was established at COP28 with the adoption of the UAE Declaration of Action. The alliance unites leading global utilities and power companies to spearhead the development of grids that are ready for renewable energy, promoting clean energy solutions and advancing electrification efforts. Adani Green Energy Ltd (AGEL) and Adani Energy Solutions Ltd (AESL) have become the first in their respective segments in India to join this global alliance, the statement said. As a member of UNEZA, AGEL will focus on areas like the build-out of clean power, enhancement of energy security and improvement of energy efficiency, whereas AESL will redouble its efforts towards developing a reliable grid infrastructure for green energy transmission and distribution. Both AGEL and AESL aim to achieve net zero emissions by 2050.

Investec bets on Adani Green, initiates with 'Buy'; sees 31% upside

Despite this positive outlook, Adani Green's stock was trading about 2 per cent lower at Rs 1,890.20 as of 9:26 AM, while the BSE Sensex was down 0.08 per cent to 82,920.90 levels.

Adani Power, Adani Green rise upto 8% on power supply deal with Maha Discom

The uptick in the share prices of these companies came on the back of securing a letter of intent (LoI) form Maharashtra state DISCOM for supply of 6,600 MW hybrid solar and thermal power.

Adani firms to sign 6.6 Gw power supply pact with Maharashtra discom

Adani Green Energy and Adani Power won a bid to supply 6,600 MW of power to Maharashtra

Adani Green redeems $750 mn bonds eight months ahead of redemption date

Adani Green Energy Ltd (AGEL), the renewable energy arm of the ports-to power conglomerate run by billionaire Gautam Adani, on Monday said it has redeemed USD 750 million worth of bonds as it deleverages business. In a statement, the firm said it has completed "redemption of all outstanding USD 750 million 4.375 per cent Holdco Notes due on September 8, 2024." The move is in step with its January announcement of a plan to redeem the USD 750 million worth of notes, eight months ahead of the redemption date. Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold - from 3.5 gigawatt (GW) to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48 per cent. The company had in January stated it would pay USD 169 million from its reserves and internal accruals, and USD 300 million from the consideration from a joint venture with TotalEnergies Renewables. The remaining US

Renewables expansion threatened by poor weather data: Industry leaders

As it strives to reduce the carbon intensity of its economy, India will need to increase the share of renewables in its coal-heavy energy basket, but it is already facing constraints

TotalEnergies' Adani Green Energy investments now at $3.2 billion

TotalEnergies continues to invest in Adani Green, calling it as a strategic move in the Indian electricity market

TotalEnergies to make further $444 mn investment in JV with Adani Green

The statement said the new JV company will house a 1,150-megawatt (MW) portfolio, which will comprise a mix of operational and under-execution solar assets, with a blend of both merchant-based and PPA

Adani Green approves pacts for TotalEnergies' $444 mn investment in JV

This comes after the company and the French oil major had inked a $300 million deal to build renewable capacity in India, where the bulk of energy requirements are still met by coal

Emkay initiates coverage on Adani Green, predicts strong returns from RE

AGEL has achieved a 41 per cent CAGR in operational RE capacity over the past five years

Adani Green Energy Q1 result: PAT doubles to Rs 629 cr on strong sales

Adani Green's energy sales increased by 22 per cent year-on-year to 7,356 million units in the quarter

Adani Green Energy raises $400 mn for its solar power projects in Raj, Guj

Adani Green Energy shares closed at Rs 1,755 a share on Wednesday with a total market valuation of Rs 2.78 trillion

Adani group stocks fall; ACC down 3%, Adani Ent slips 1.5%

Other Adani Group entities also saw losses, which include Adani Green 0.45 per cent, Adani Energy Solutions 0.62 per cent, Adani Total Gas 0.53 per cent and Adani Wilmar 0.46 per cent

Adani group shares trade mixed as Hindenburg issue resurfaces; AEL down 1%

Sebi slapped 'show cause' notice to Hindenburg; Adani Total Gas, Adani Energy Solutions, New Delhi Television and Adani Wilmar were up in the range of 1 per cent to 2 per cent.

Adani Group to invest Rs 1.3 trn in FY25; raise up to $3 bn in equity

Bulk of the investments will be in the airport and green energy businesses, says senior executive

Rs 2 trillion funds tied up for expansion, says Adani Green Energy

'The entire funding for the expansion to 50 GW from the current capacity of 10.9 GW has been tied up already.'

We are well positioned to capitalise on country's infra spending: Adani

The group, which has businesses across ports, power utilities, transmission and coal trading, is betting on India's infrastructure spending

Hindenburg report timed to disrupt FPO, company growth strong: Gautam Adani

Addressing an annual general meeting with shareholders, Adani Group chairman Gautam Adani pointed out that certain sections of the media played a role in amplifying the attack