Page 9 - Adani Green Energy

Adani Green buys SB Energy from Softbank and Bharti; firm valued at $3.5 bn

Deal for company with range of assets is biggest acquisition in India's renewable power sector.

Adani Green surges 10% in 2 days on report it may acquire SB Energy

According to a Bloomberg report, the deal could value SB Energy, owned by SoftBank Group Corp. and Bharti Enterprises Ltd., at more than $650 million

Adani Green in advanced talks for SoftBank-backed SB Energy: Report

A deal could value SB Energy, owned by SoftBank Group Corp. and Bharti Enterprises Ltd., at more than $650 million

Adani Green Energy's consolidated net profit up by 86 pc in March quarter

Adani Green Energy posted a nearly 86% rise in consolidated net profit to Rs 104 crore for the quarter ended March 2021, mainly due to higher revenues

Dixon Tech, Adani Green: How to trade multi-baggers of FY21 in new fiscal

Hindustan Copper, Aarti Drugs, Dixon Technology, APL Apollo Tubes, Laurus Labs and Affle India, meanwhile, zoomed over 400 per cent during FY21

Adani Green Energy acquires 100% stake in Spinel Energy and Infrastructure

Adani Green Energy has acquired 100 per cent equity stake in Spinel Energy and Infrastructure from Hindustan Cleanenergy and Peridot Power Ventures. "Adani Green Energy Ltd (AGEL) has completed acquisition of 100 per cent of the share capital and all the securities of Spinel Energy & Infrastructure Ltd from Hindustan Cleanenergy Limited and Peridot Power Ventures Ltd," a BSE filing said. This acquisition is part of AGEL's overall growth strategy where the company is planning to build a capacity of 25 GW by 2025. While acquisitions of existing infrastructure would help it grow inorganically, AGEL is expanding organically too by establishing greenfield power plants. This particular acquisition will help it add 20 MW additionally in its existing capacity and help in expanding its network and meet the targeted decarbonisation plan for a greener environment. AGEL's present capacity includes power plants worth 15,240 MW in 86 locations, spread over 11 states in the country. The company

Adani Green Energy acquires 75 MW solar capacities from Sterling & Wilson

Adani Green Energy on Friday said it has acquired 100 per cent stake in two special purpose vehicles (SPVs) that own 75 MW operating solar projects in Telangana from Sterling & Wilson. The projects, commissioned in 2017, have long-term power purchase agreements (PPA) with the Southern Power Distribution Company of Telangana. "Adani Green Energy Limited has completed acquisition of 100 per cent of the share capital and all the securities of Surajkiran Solar Technologies Private Limited and Dinkar Technologies Private Limited from Sterling and Wilson Private Limited," it said in a BSE filing. Earlier this week, Adani Green Energy Ltd (AGEL) had signed definitive agreements with Sterling & Wilson, a Shapoorji Pallonji group company, for the acquisition. The enterprise valuation of the two target SPVs is Rs 446 crore, the company had said. With this acquisition, AGEL will increase its operating renewable capacity to 3,470 MW with a total renewable portfolio of 15,240 MW, it had ...

Adani Green Energy to buy 74.94 MW solar projects of Sterling and 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.

Adani Green Energy arm get letter of award for 300 MW wind project

Adani Green Energy (AGEL) on Monday said that its arm has received a letter of award for 300 MW wind power project under a tender of Solar Energy Corporation of India

Adani Green hits 5% upper circuit on wining 300 MW wind power project

With this project, AGEL's total renewable capacity now stands at 15,165 MW, of which 3,395 MW renewable plants are operational and 11,770 MW projects are under implementation.

Stocks to watch: Adani Green, Tata Motors, Power Grid, Majesco, JSW Energy

Competition Commission of India said it has cleared Tata Power's proposed acquisition of 51 per cent stake in North Eastern Electricity Supply Company of Odisha Ltd

Adani Green Energy acquires SkyPower's 50MW solar project in Telangana

With this acquisition, AGEL shall increase its operating renewable capacity of 3,395 MW with a total renewable portfolio of 14,865 MW

Adani Green Energy to acquire 50 MW Solar Asset from SkyPower Global

Adani Green Energy announced it has signed a share purchase agreement for acquisition of 100 per cent stake in an SPV holding 50 MW operating solar project of the Toronto-headquartered SkyPower Global

Adani Green raises $1.35 bn to finance its renewable portfolio

The debt facility, with participation from 12 intl banks, would initially finance the company's 1.69 GW hybrid portfolio of solar and wind renewable projects to be setup in 4 SPVs in Rajasthan

This Adani Group stock has zoomed over 1,000% from March 2020 low

Besides AGEL, Adani Total Gas from the Adani Group has rallied 889 per cent from its March 2020 low

Adani Green Energy's Kamuthi solar plant becomes water positive

Adani Green Energy Limited (AGEL) on Thursday said its Kamuthi solar plant in Tamil Nadu has become water positive

Adani Green Energy arm commissions 100-MW wind power plant in Gujarat

Adani Green Energy on Monday said its arm Adani Wind Energy Kutch Three Limited (AWEKTL) has commissioned a 100 megawatt (MW) wind power plant located at Kutch, in Gujarat

Turnaround stories: These 25 firms swung to profit in the December quarter

Stocks of 18 of these 25 firms managed to outperform the S&P BSE Sensex on a year-to-date (YTD) basis

Adani wins 3 Gw in 5 projects at Andhra Solar auction, NTPC gets 600 Mw

Lowest bid discovered at Rs 2.47/unit for 6.4 Gw tender

Adani Green Energy posts Rs 41.36 cr net profit in December quarter

Adani Green Energy on Wednesday posted a consolidated net profit of Rs 41.36 crore in the December quarter mainly on the back of higher revenues. The consolidated net loss of the firm was Rs 128.46 crore in the quarter ended on December 31, 2019, a regulatory filing said. Total income of the company for the quarter under review rose to Rs 842.91 crore from Rs 523.20 crore in the year-ago period. "Over the past year we have accelerated our commitment to the Renewable Energy Space based on the new data that has become available. I fundamentally believe that the targets of renewable power will continue to be raised given the need as well as the affordability," Adani Green Energy Chairman Gautam Adani said. Vneet S Jaain, MD & CEO, Adani Green Energy Ltd said: "AGEL has also continued its rapid capacity building despite the ongoing pandemic adding 700 MW in YTD (year to data) FY21 with commissioning of 475 MW and 225 MW added through inorganic opportunities. This has been possible ...