Adani Green Energy Economic Times

Adani green reported consolidated net profit of rs 21 75 crore in the june quarter as against a loss of rs 97 44.

Adani green energy economic times.

The clean energy firm had logged a consolidated net loss of rs 94 08 crore in the corresponding quarter a year ago a company statement said. Shares of adani green advanced 10 per cent in wednesday s trade after the firm said it has been ranked as the largest solar power generation company in the world by mercom capital. Adani green energy ltd. Adani green energy ltd incorporated in the year 2015 is a large cap company having a market cap of rs 96843 76 crore operating in power sector.

Mercom capital group is a clean energy communications and consulting firm. Adani green energy has said that it is on track to achieve its target to have 25 gigawatts of renewable energy capacity by 2025 through organic and inorganic growth. Adani green energy on friday said it has tied up with around 10 international banks to diversify construction finance portfolio for its ongoing and future projects. 1 in solar energy company in terms of capacity.

Key products revenue segments include power supply which contributed rs 1246 08 crore to sales value 99 93 of total sales. The company which has a portfolio of 14 gw of operating in construction and awarded wind and solar parks is aiming to commission renewable capacity of 25 gw by 2025. We have a very large construction pipeline that. On february 6 the billionaire gautam adani led adani green energy had entered into a pact with total to invest in 50 stake and.

Total income rose to rs 878 14 crore in april june 2020 21 from rs 675 23 crore in the same period last year. Adani green energy on monday posted a consolidated net profit of rs 55 64 crore for the march 2020 quarter helped by lower expenses. The adani group will accelerate growth of its clean energy business by building partnerships with global integrated energy players data center providers and industrials its chairman gautam adani said. The gautam adani led company currently has 14 gw of projects that are operational awarded and under implementation.

Adani green was ranked as the world s no. As per mercom capital s study adani green s solar portfolio stands at 12 32 gigawatts now which exceeds the total installed. Adani green energy which won the tender aims to become the world leader by 2025 with a capacity of 25 gw which will exceed the thermal capacity of adani power that would be 18 20 gw by then he said. The company had a net loss of rs 97 44 crore in april june 2019 20 a bse filing said.

The latest tender which involves 8 gw of solar power and 2 gw of solar cell and module manufacturing capacity will create 400 000 jobs. Its total income stood at rs 718 66 crore for the quarter under review as against rs 718 73 crore a year earlier.