Adani Green Energy Economic Times

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 economic times.

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. Adani green energy has a net worth of rs 2 600 crore while its market capitalisation was rs 1 62 lakh crore at the end of thursday trade. Key products revenue segments include power supply which contributed rs 1246 08 crore to sales value 99 93 of total sales and other operating revenue which contributed rs 77 crore to sales value 0 06 of total sales for the year ending 31 mar 2020. Adani green energy limited agel is an indian renewable energy company headquartered in ahmedabad gujarat.

Adani green energy ltd incorporated in the year 2015 is a large cap company having a market cap of rs 157746 48 crore operating in power sector. In april this year total sa invested around rs 3 707 crore for 50 partnership with adani. The company was incorporated on. Shares in the firm controlled by billionaire gautam adani have soared three fold since the signing of the 8 gigawatt gw multi plant deal which adani hailed as the largest of its type ever and a landmark for india.

Getty images shares of adani green have jumped 565 per cent in 2020 versus a gain of just 10 per cent for the national. The stock of the company which is striving to become the world s largest renewable company in the next decade has seen a 717 surge in just one year outperforming heavyweights hdfc bank ril avenue. Currently their online solar and wind projects make up a total of 14 62 gw after starting operations in 2015. Adani green energy ltd on thursday announced that it has completed the acquisition of 205 megawatt operating solar assets from essel green energy pvt ltd egepl and essel infraprojects ltd eil.

It is owned by indian conglomerate adani group. The assets are located in punjab karnataka and uttar pradesh. 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. Adani green energy ltd.

The company had a net loss of rs 97 44 crore in april june 2019 20 a bse filing said. 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 company operates kamuthi solar power project one of the largest solar photovoltaic plants in the world. Adani green energy s joint venture with french energy major total sa has completed the acquisition of a 205 mw solar power project for an enterprise value of rs 1 632 crore taking the total operating renewable portfolio under the jv to 2 353 mw the gautam adani led company said on thursday.

Meanwhile this year s gains have pushed the company s market cap to 1 73 trillion rupees 23 4 billion a more than 40 fold jump from its value at the end of june 2018. Adani green energy s record 6 billion solar power project.