Adani Green Energy Economic Times

Adani green energy ltd.

Adani green energy economic times.

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. On february 6 the billionaire gautam adani led adani green energy had entered into a pact with total to invest in 50 stake and. 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. 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.

Adani green energy on friday posted a consolidated net profit of rs 21 75 crore for june quarter mainly on the back of higher revenues. The ahmedabad based billionaire issued a statement after mercom capital group said. 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. Adani green was ranked as the world s no.

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. 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. Key products revenue segments include power supply which contributed rs 1246 08 crore to sales value 99 93 of total sales. Mercom capital group is a clean energy communications and consulting firm.

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. 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. Total income rose to rs 878 14 crore in april june 2020 21 from rs 675 23 crore in the same period last year. The company had a net loss of rs 97 44 crore in april june 2019 20 a bse filing said.

French energy major total sa has invested around rs 3 707 crore for 50 partnership with adani green energy to form a joint venture that will house 2 148 gigawatts of operating solar power projects across 11 states in india the companies said in a joint statement. The gautam adani led company currently has 14 gw of projects that are operational awarded and under implementation. 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. We have a very large construction pipeline that.

Its total income stood at rs 718 66 crore for the quarter under review as against rs 718 73 crore a year earlier. 1 in solar energy company in terms of capacity.