Adani Green Energy: Shares of Adani Green Energy increased by more than 7% at the opening on the NSE on March 14, As of 9:20 a.m., the stock was trading for Rs 1,843.75 the day. after its subsidiary dealt with a power purchase agreement with Solar Energy Corporation of India (SECI) for 534-MW solar power projects.
Adani Green Energy disclosed in a regulatory filing that its subsidiary, Adani Renewable Energy Fifty Nine Limited, has recently sealed power purchase agreements (PPAs) with Solar Energy Corporation of India (SECI) for the delivery of 534 MW of solar power projects. The company’s portfolio of renewable energy projects has increased to an astounding 21,778 MWac capacity with the completion of these PPAs. This substantial addition underscores the company’s commitment to advancing its presence in the renewable energy sector and aligning with India’s sustainable energy objectives.
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A 149 percent year-over-year rise in consolidated net profit to Rs 256 crore from Rs 103 crore in the previous fiscal year was recorded by the Company in Q3FY24. During the same time, revenue increased by 40% year over year to Rs 1,765 crore, while EBITDA increased by 40% year over year to Rs 1,638 crore. It was recently revealed by the Company that it has operationalized a 1,000 MW solar energy cumulative capacity in Khavda in Gujarat.
