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Two Adani Group firms to raise up to $2.57 billion from the market Two Adani group companies including the Indian conglomerate's flagship firm announced plans on Saturday to raise up to $2.57 billion from the market, months after a short-seller report battered investor confidence and drove share prices down. India's Adani Transmission said its board approved a plan to raise up to 85 billion rupees ($1.0 billion) from the stock market. Adani Enterprise said in a filing to exchanges that its board had approved plans to raise up to 125 billion Indian...
Two Adani Group firms to raise up to $2.57 billion from the market
Two Adani Group firms to raise up to $2.57 billion from the market
Source: Reuters
13/05/2023 2:56:35 PM
Adani Green Energy Ltd announces 9M FY22 results  Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, on Wedensday announced the financial results for the quarter and nine months ended December 31, 2021. The company posted robust growth in revenue from power supply, backed by strong growth in capacities and improved solar and wind CUF. The continued growth in EBITDA from power supply and cash profit is supported by increase in revenues and cost efficiencies brought in through analytics driven O...
Adani Green Energy Ltd announces 9M FY22 results
Adani Green Energy Ltd announces 9M FY22 results
Source: IANS
2/02/2022 6:34:45 PM
Adani signs world's largest Green PPA with SECI Adani Green Energy Ltd (AGEL), the worlds largest solar power developer and the renewable energy arm of the diversified Adani Group, has signed an agreement with the Solar Energy Corporation of India (SECI) to supply 4,667 MW of green power. This is the worlds largest ever green power purchase agreement. "We are pleased to have signed the world's largest PPA with SECI," said Gautam Adani, Chairman of the Adani Group. "This is yet another step in our journey to enable ...
Adani signs world's largest Green PPA with SECI
Adani signs world's largest Green PPA with SECI
Source: IANS
14/12/2021 12:52:39 PM
Adani companies AGEL, ATL declare energy compact goals as part of COP26 Adani Green Energy Ltd (AGEL), the world's largest solar power developer, and Adani Transmission Ltd (ATL), Indias largest private sector power transmission and retail distribution company, have declared their Energy Compact Goals as part of COP26, primarily adhering to Sustainable Development Goal 7 (SDG 7). SDG 7 defines a set of targets to be achieved by 2030. The companies are to ensure universal access to affordable, reliable and modern energy services and increase substantially t...
Adani companies AGEL, ATL declare energy compact goals as part of COP26
Adani companies AGEL, ATL declare energy compact goals as part of COP26
Source: IANS
10/11/2021 9:31:45 AM
Key News - Drip Capital, Bajaj Finserve Ltd, Lupin Ltd, Adani Green Energy Ltd By ARETE Securities Key News Drip Capital raises $175 mn to enter new markets like South Asia, LatAm Drip Capital, a leading digital cross-border trade finance platform for small and medium businesses (SMBs), said that it has raised $175 million in fresh capital to power its next phase of growth. Funds raised include a $40 million Series C investment and $135 million in warehouse debt facilities. To date, with this fundraise, Drip Capital has raised about $525 million in equit...
Key News - Drip Capital, Bajaj Finserve Ltd, Lupin Ltd, Adani Green Energy Ltd By ARETE Securities
Key News - Drip Capital, Bajaj Finserve Ltd, Lupin Ltd, Adani Green Energy Ltd By ARETE Securities
Source: ARETE Securities Ltd
29/10/2021 9:26:51 AM
Adani Green's operational capacity increased by 93% to 5,410 MW Adani Green Energy Ltd. (AGEL), a part of the Adani Group, today announced the financial results for the quarter and half year ended September 30, 2021. The robust growth in revenue from power supply is backed by robust growth in capacities and improved Solar and Wind CUF. Continued growth in EBITDA from Power Supply and Cash Profit is supported by increase in revenues and cost efficiencies brought in through analytics driven O&M. "It is gratifying to see that the focus on c...
Adani Green's operational capacity increased by 93% to 5,410 MW
Adani Green's operational capacity increased by 93% to 5,410 MW
Source: IANS
29/10/2021 9:09:26 AM
Adani Green Energy closes India's largest renewables M&A deal Adani Green Energy Ltd (AGEL) has completed the acquisition of SB Energy Holdings Ltd (SB Energy India) in an all-cash deal for which definitive agreements were signed on May 18, 2021. With this deal, SB Energy India is now a 100 per cent subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group. The transaction pegs SB Energy India at an enterprise valuation of USD 3.5 Billion (Rs 26,000 crore) and marks the largest acquisition i...
Adani Green Energy closes India's largest renewables M&A deal
Adani Green Energy closes India's largest renewables M&A deal
Source: IANS
4/10/2021 11:44:42 AM
Adani Transmission wins 'Greentech Energy Conservation Award 2021` Adani Transmission has won the Greentech Energy Conservation Award-2021 for its work on decarbonising the grid. Competing with the country's major energy and transmission companies major PSUs such as NTPC, SAIL, and GAIL, Adani got the award in recognition of the company's initiatives adopted to conserve energy. During FY20-21, in line with its commitment towards ESG, ATL took many initiatives, including transition to green energy and its monitoring, and energy meter installatio...
Adani Transmission wins 'Greentech Energy Conservation Award 2021`
Adani Transmission wins 'Greentech Energy Conservation Award 2021`
Source: IANS
23/09/2021 10:05:04 AM
Adani Green to buy 74.94 MW solar projects of Sterling & Wilson Adani Green Energy Ltd (AGEL) on Wednesday announced that it has signed a share purchase agreement for the acquisition of 100 per cent stake in two special purpose vehicles (SPV) holding 74.94 MW operating solar projects of Sterling & Wilson, a Shapoorji Pallonji group company. The projects, commissioned in 2017, are located in Medak District of Telangana and have long-term Power Purchase Agreements (PPA) with the Southern Power Distribution Company of Telangana Limited. The enterpr...
Adani Green to buy 74.94 MW solar projects of Sterling & Wilson
Adani Green to buy 74.94 MW solar projects of Sterling & Wilson
Source: IANS
24/03/2021 11:21:10 AM
AGEL commissions 100 MW Gujarat Wind Power ahead of schedule Adani Wind Energy Kutch Three Limited ('AWEKTL'), a subsidiary of Adani Green Energy Limited, commissioned a 100 MW Wind Power Plant in Kutch (Gujarat) five months ahead of its schedule. With this the Kutch-based plant has become the 5th project commissioned before schedule by the company over the past 12 months. The plant has Power Purchase Agreement ('PPA') with the Solar Energy Corporation of India (SECI) at Rs 2.82/kwh. With the successful commissioning of this pl...
AGEL commissions 100 MW Gujarat Wind Power ahead of schedule
AGEL commissions 100 MW Gujarat Wind Power ahead of schedule
Source: IANS
8/03/2021 12:00:10 PM
Adani Green commission 150 MW solar power plant in Kutchh Adani Solar Energy Kutchh One Limited, a step-down subsidiary of Adani Green Energy Limited (AGEL) has commissioned 150 MW solar power project. In a regulatory filing, Adani Green said that despite all the challenges of global pandemic Covid-19, unprecedented rain and flood in Kutchh, Gujarat, the company's team of experts made it possible to commission the project three months prior to its scheduled commissioning date. This plant has a Power Purchase Agreement (PPA) with Gujarat Ur...
Adani Green commission 150 MW solar power plant in Kutchh
Adani Green commission 150 MW solar power plant in Kutchh
Source: IANS
20/01/2021 12:39:21 PM