Total income doubles, energy sales up 54% to nearly four billion units
Solar energy sales grew by 41 per cent
Mukesh Ambani's Reliance Industries and Gautam Adani's Adani Group plan to spend a combined $30 billion over the next few years on green energy push in India. Let us take a look at their goals
Is stage set for an Adani vs Ambani play in green energy? Will delays hurt Paytm, Oyo IPOs? Who are this year's Nobel Prize winners and why have they been chosen? All answers in this episode
Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green
Just last week, Adani Group Chairman Gautam Adani had announced that the Group would invest over $ 20 billion across the next 10 years in renewable energy generation
Millennials becoming largest consumer group for hotels, the hurdles in Adani's green dreams, and other top headlines of the day
Despite a $20-billion investment announcement in renewable power, the group is yet to commit to a net-zero investment in coal, and analysts question its debt burden
Stock market LIVE: Broader markets end mixed; BSE Midcap falls 0.11 per cent and Smallcap index rises 0.48 per cent
The project has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for Rs 4.235 per unit, with remaining PPA life of about 22 years
Funds will be utilised towards equity funding of the capex for underlying renewable projects under construction by AGEL
Outlook is stable. AGEL will primarily use the proceeds to on-lend to its direct and indirect subsidiaries so they can fund the development of utility-scale renewable power projects
Moody's Investors Service has assigned a Ba3 rating to Adani Green Energy's proposed USD senior secured notes.
Sectorally, the metals pack bled the most, down 1.3 per cent, followed by the PSB Index (down 0.8 per cent)
The total income of the company increased to Rs 1,079 crore in the first quarter from Rs 878 crore in the same period a year ago
Adani Green Energy Ltd has posted nearly 10-fold jump in its consolidated net profit at Rs 219 crore for the June quarter, compared to the year-ago period, mainly on the back of higher revenues.
Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE
Shares of Adani Green Energy, Adani Ports and Adani Enterprises rose up to 5 per cent each in intra-day today but soon pared gains to trade flat-to-negative
Group's listed stocks' P/E of 102x over three times Sensex's 33x
The sharp drop in renewable energy tariffs is encouraging smaller players to exit even as larger ones look to innovative financing methods to expand their portfolios