Page 4 - Adani Green Energy

NTPC, Reliance, Adani top green hydrogen plays to bet on, say analysts

As per analysts, electrolyser manufacturers, fuel cell makers for non-emission vehicles, traditional players engaged in energy storage solutions or batter makers are among key beneficiaries

Adani Green Energy arm to buy 50% equity in Essel Saurya Urja for Rs 15 cr

The remaining 50% of the equity shares will continue to be held by the government of Rajasthan

Entire op capacity now zero-waste-to-landfill certified: Adani Green Energy

Renewable energy firm Adani Green Energy on Tuesday said that its entire operating capacity is now zero-waste-to-landfill certified. "Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani portfolio companies has received the Zero Waste to Landfill (ZWL) certification for 100 per cent of its operating capacity," a company statement said. This assessment was undertaken by Intertek, which delivers innovative and bespoke assurance, testing, inspection and certification solutions. The robust audit procedure by Intertek was undertaken on the data/information until FY22, it stated. This certification validates that the AGEL has in place a fully effective waste management system for all its operational sites, it noted. The AGEL has successfully achieved the landfill diversion rate of 99 per cent. Ever since AGEL undertook the target to become a Zero-Waste-to-Landfill (ZWL) certified company for its 100 per cent of operating capacity by 2024-25, it has complied w

Adani Group shares trade firm in weak market; Adani Enterprises, AWL up 3%

Adani Enterprises, the flagship company of Adani Group, was up 3% to Rs 4,057.35 on the BSE in intra-day deal,. It was trading close to its record high level of Rs 4,098.10 touched on November 16

Stocks to Watch: Adani Green, Tata Motors, Kirloskar Bros, Dhunseri Tea

Stocks to Watch Today: Read analysis on why value investors could be seen taking selective punts on IT stocks in the near future.

Adani Green announces commissioning third hybrid plant in Rajasthan

Adani Green Energy Ltd (AGEL) on Monday announced commissioning of its third hybrid power plant in Rajasthan having generating capacity of 450 megawatts (MW). With this, AGEL said it has become the "world's largest wind-solar hybrid power developer" with an operational capacity of 1,440 MW. "AGEL has commissioned its third wind-solar hybrid power plant at Jaisalmer. The combined operational generation capacity of this newly commissioned hybrid power plant is 450 MW. The plant has Power Purchase Agreements (PPA) with SECI at Rs 2.67/kwh for 25 years," AGEL said in a statement. This project consists of 420 MW solar and 105 MW wind plants. In May 2022, AGEL had operationalized India's first hybrid power plant of 390 MW, followed by a 600 MW co-located hybrid power plant in Jaisalmer. The company's operational hybrid power generation capacity has reached 1,440 MW-mark, while the total operational generation capacity is 7.17 GW. AGEL has one of the largest global renewable portfolios

Adani Green announces raising JPY denominated facility to refinance debt

Facility supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation

Adani Green raises JPY 27,954 mn through subsidiary to refinance debt

Adani Green Energy Ltd on Thursday said it has raised 27,954 million Japanese Yen (around Rs 1,630 crore) through its subsidiary Adani Solar Energy AP Six to refinance its existing indebtedness. The project loan facility is supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation, a company statement said. This is an excellent result for AGEL, showing strong support from our lenders and demonstrates our ability to access bank debt at competitive terms in sync with the underlying asset development model to provide a long-term solution, said Phuntsok Wangyal, CFO, Adani Green Energy. Latham & Watkins LLP and Cyril Amarchand Mangaldas acted as legal counsels for the transaction.

Stocks to watch: M&M, Eicher Motors, Zomato, Adani Green, Alkem Labs, JSPL

Stocks to watch today: LIC, M&M, Adani Power, Hindalco Industries will report the July-September (Q2FY23) quarter results on Friday, November 11

Adani Green Energy Q2 net up 49% to Rs 149 cr, income rises to Rs 1,686 cr

Adani Green Energy on Thursday posted a 49 per cent rise in its consolidated net profit at Rs 149 crore in September quarter of FY23 compared to a year ago, mainly due to higher revenues. The consolidated net profit of the company was Rs 100 crore in the quarter ended on September 30, 2021, a BSE filing showed. Total income of the company rose to Rs 1,686 crore in the reporting quarter from Rs 1,411 crore in the same period a year ago. "With our focus on delivering the cheapest green electron, we have continued to deploy the latest and most innovative technologies to maximise electricity generation at a lower cost," said Vneet S Jaain, MD & CEO, Adani Green Energy, in a statement. He further said, "The globally well-recognised ESG (Environmental, Social and Governance) ratings, that rank us ahead of some of the largest global utilities and RE (Renewable Energy) players, are yet another proof of our commitment to a sustainable future and the highest governance standards at ...

Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%

CLOSING BELL: Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent

Stocks to watch: Adani Green, Tata Motors, M&M, Zomato, JSPL, Bharat Forge

Stocks to watch today: Adani Green, Zomato, Eicher Motors will report the July-September (Q2FY23) results on Thursday, November 10; Bharat Forge's subsidiary bagged export order worth $155.5 million

Adani Enterprises Q2 net more than doubles; revenue rises threefold

In Q2, integrated resource management, saw revenue growing over three times to Rs 30,435 crore YoY

Adani group to invest $150 billion in pursuit of $1 trillion valuation

Richest Asian Gautam Adani's group will invest over USD 150 billion across businesses ranging from green energy to data centres to airports and healthcare as it chases the dream to join the elite global club of companies with USD 1 trillion valuations. On October 10, Adani Group Chief Financial Officer Jugeshinder 'Robbie' Singh detailed the growth plans of the group, which started off as a trader in 1988 and expanded rapidly into ports, airports, roads, power, renewable energy, power transmission, gas distribution and FMCG and more recently into data centres, airports, petrochemicals, cement and media, at an investor meet organised by Ventura Securities Ltd in New Delhi. The group plans to invest USD 50-70 billion in green hydrogen business and another USD 23 billion in green energy over the next 5-10 years, he said. It will invest USD 7 billion in electricity transmission, USD 12 billion in transport utility and USD 5 billion in the road sector. Its foray into data centre business

Shareholders nod to Ahlem Friga Noy appointment as Adani Green director

Adani Green Energy said it has received shareholders' approval to appoint Ahlem Friga Noy as a non-executive, nominee director in the company. Shareholders of the company has approved the appointment of Ahlem Friga Noy as a director (non-executive, nominee director) in an Extraordinary General Meeting (EGM) of the company held on Wednesday, October 26, 2022, a BSE filing showed. According to the notice for the EGM, the board had recommended for the approval of the members for the appointment of Ahlem Friga Noy as a director of the company, from 27th July, 2022. The approval of shareholders for the appointment of a person on the board of directors has to be taken either at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier. Accordingly, it explained that the approval of the shareholders is sought to comply with the listing regulations. Ahlem had given her consent to act as a director of the company. She is a seasoned

India's green energy firms join hands to develop carbon-credit market

India's green energy companies, such as Adani Greens, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals

Inox Green Energy Services sells entire stake in 3 arms to Adani Energy

Inox Wind on Monday said its arm Inox Green Energy Services has sold its entire equity stake in three special purpose vehicles to Adani Green Energy. "Inox Wind... through its subsidiary arm, Inox Green Energy Services Ltd (IGESL) has sold the entire equity shareholding held in Wind One Renergy Ltd, Wind Three Renergy Ltd and Wind Five Renergy Ltd... to Adani Green Energy Ltd," it said in a BSE filing. These special purpose vehicles (SPVs) "commissioned 50 MW each, out of the total 250 MW which it had successfully won under the Tranche 1 of Solar Energy Corporation of India Ltd's (SECI -1) bids for wind power projects at Dayapar, Gujarat connected on the central grid...," it added. IGESL shall provide long-term operations and maintenance services for these projects. Inox Wind through its SPVs had supplied, erected and commissioned 25 units of its advanced 2 MW Wind Turbine Generators (WTGs) as part of 50 MW project each. Inox Wind had won 250 MW in SECI Tranche 1 auction at a fixe

Adani group eyeing to raise $10 billion for renewables, cement arms

Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the group in the coming days

Adani Wilmar, Adani Power freeze at 5% upper circuit; Ambuja Cements up 4%

Adani Green Energy, Adani Total Gas, Adani Enterprises and Adani Transmission were trading higher in the range of 2 per cent to 4 per cent

Stocks to Watch: RIL, ONGC, OMCs, DLF, SpiceJet, Zee, BoB, Apollo Hospitals

Stocks to Watch Today: Shares of oil producers and marketing companies are likely to be in focus following the steep production cut by OPEC+.