Page 9 - Adani Green Energy

Adani group shares trade weak; Total Gas, Enterprises, Power tank up to 19%

At 09:41 am; Adani group stocks had recovered up to 13 per cent of the intra-day losses, but were still down in the range of 6 per cent to 10 per cent on Tuesday.

Adani Group firms make comeback, deliver record 45% Ebitda growth in FY24

Adani Group companies posted a record 45 per cent rise in pre-tax profit (EBITDA) to Rs 82,917 crore (about USD 10 billion) in FY24 as the apples-to-airport conglomerate made a massive comeback, the group said on Sunday. Emerging from a damning report of a US short seller, which hit the market value of its listed companies, Adani Group in 2023-24 focused on containing debt, reducing founder share pledge and consolidating the business in core competencies. The five-year CAGR (compound annual growth rate) for profit growth was 54 per cent. As much as 84 per cent of EBITDA is from 'core infrastructure' businesses, providing highly predictable cash flows. Cash profit or funds flow from operations (FFO) was at Rs 56,828 crore, registering a growth of 51 per cent year-on-year through a disciplined investment strategy providing high conversion, Adani Group said in a statement. Strong Asset Base built over three decades supporting resilient critical infrastructure stands at Rs 4,78,137 cro

Adani group shares in demand; Enterprises, Total Gas, Power rally up 14%

Adani Power hit a record high of Rs 791.95, as it zoomed 13 % in intra-day trades as India's foremost private power producer, is very well placed to benefit from the long-term power demand outlook.

Tata Power planning to raise $1 bn loan for clean energy projects

India aims to nearly triple its green power capacity by the end of the decade and firms including Tata Power, Adani Green Energy Ltd. and Reliance Industries Ltd. are ramping up such efforts

Adani Enterprises recovers all stock mkt losses sparked by Hindenburg

The flagship's stock rose 1.7% to 3,445.05 in Mumbai on Friday and has now almost tripled since its nadir in February 2023

Renewable energy firm SAEL plans dollar bond sale targeting up to $500 mn

The offering also comes amid India's push to ramp up the renewable energy sector

Sebi puts seven Adani Group companies on notice for regulatory violations

The company did not give details of the alleged violations or the parties involved

AEL, Adani Ports: Trading strategies in Adani Group stocks post Q4 results

Adani Group stocks technical outlook; Adani Enterprises, ACC and NDTV seem negative on the charts, while Adani Ports, Adani Green and Ambuja Cements hold promise. Other Adani stocks seen range-bound.

Adani Green Energy Q4 results: Net profit declines 39% to Rs 310 cr

The company's expenses surged to Rs 2,379 crore during the period under review, as against Rs 2,053 crore in the year-ago period

Adani Group stocks see little impact of Sebi notices on disclosure norms

Six group firms say they have received notices; legal experts say allegations don't seem to be very serious

Adani Green Energy bags $400 mn finance from int'l banks for solar project

Adani Green Energy Ltd (AGEL) on Thursday said it has secured USD 400 million finance from a consortium of five international banks for its under construction solar projects of 750 MW in Gujarat and Rajasthan. These projects are expected to come online from November 2024 onwards, a company statement said. One of the projects is being developed in Rajasthan with 500 MW capacity and has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI). The second one, with 250 MW capacity, is a standalone merchant power project being implemented at the world's largest RE cluster in Khavda, Gujarat. The consortium of lenders includes Cooperative Rabobank U.A., DBS Bank Ltd, Intesa Sanpaolo S.p.A., MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation. AGEL has 10,934 MW operational portfolio, largest in India, delivering reliable, affordable, and clean power to the national grid. AGEL's operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,14

AdaniConneX secures $1.4 bn to power its digital eco-friendly plans

The equal joint venture between Adani Enterprises and EdgeConneX plans to build 1 GW data centred

Adani Green's Khavda power plant world's largest, 5 times the size of Paris

Adani Green Energy Ltd, India's largest renewable energy company, will invest about Rs 1.5 lakh crore to generate 30 megawatts of clean electricity at Khavda in Gujarat's Kutch

Adani Green in talks to raise $400 mn in offshore loan for upcoming project

The foreign currency loan could range from seven to ten years, with the pricing likely linked to the Secured Overnight Financing Rate, said the people, who asked not to be named

Adani, TotalEnergies to set up EV charging stations at new MG dealerships

A unit of a joint venture between Adani group and French energy giant TotalEnergies will set up EV charging stations at new MG dealerships to bolster the charing network, the company said on Monday. "Adani TotalEnergies E-Mobility Limited (ATEL), a wholly-owned subsidiary of Adani Total Gas Limited (ATGL), and MG Motor India signed a memorandum of understanding (MoU) to strengthen the EV charging infrastructure in India," it said in a statement. In terms of MoU, ATEL will set up CC2 60 kW DC chargers at upcoming MG dealerships to bolster the charging network and enhance customer accessibility. "The partnership will also provide a comprehensive solution encompassing supply, installation, commissioning, operations, and maintenance of charging infrastructure. In addition, a digital platform will be launched to facilitate a seamless customer experience, covering discovery, user authentication, charging, and billing settlement through a dedicated mobile application," it said. Adani-Tota

Adani Green becomes first Indian firm with 10K MW renewable energy capacity

Adani Green Energy Ltd on Wednesday said it has commissioned 2,000 MW of solar capacity at the giant Khavda solar park in Gujarat that has made it the first company in India with over 10,000 MW of renewable energy capacity. The company now has an operating portfolio of 10,934 MW, largest in India. It has brought 2,848 MW renewables capacity on stream in FY24, according to a company statement. AGEL's operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity. The firm is aiming for 45 GW renewable energy by 2030. AGEL's 10,934 MW operational portfolio will power more than 5.8 million homes and avoid about 21 million tonnes of CO2 emissions annually, the statement said. "We are proud to be India's first das hazari in the renewables space," said Gautam Adani, Chairman of the Adani Group. "In less than a decade, Adani Green Energy has not just envisioned a greener future but has actualised it, growing from a mere idea to explore clean en

Robeco, Lombard Odier among buyers of new Adani Green Energy bonds

Adani Green and associated firms raised $409 million this month in the conglomerate's first debt sale since a damaging short-seller report last year

Adani Green Energy commissions 180MW solar plant at Devikot, Rajasthan

Adani Green Energy on Wednesday said it has operationalized a 180-MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), Adani Green Energy Ltd (AGEL), India's largest renewable energy company, said in a statement. With the successful commissioning of this plant, AGEL's operational solar portfolio has increased to 6,243 MW, and the total operational renewable generation capacity to 9,784 MW, the largest in India, the statement added. The 180-MW solar plant in Rajasthan will produce approximately 540 million electricity units annually, powering over 1.1 lakh homes and reducing around 0.39 million tonnes of CO2 emissions. Next-generation bifacial solar PV modules and horizontal single-axis solar trackers (HSAT) have been deployed to maximise generation through better efficiency of modules and tracking the sun throughout the day. The plant is equipped with waterless robotic mod

US graft probe into unrelated third party, says Adani Green Energy

Company added it has no relationship with the third-party and has not received any notice itself

Adani Green denies connection to US investigation involving 'third party'

In a statement filed with exchanges, Adani Green said it has no relationship with the third party and is "thus unable to comment" on the scope of the U.S investigation into the alleged dealings