Business & Investment

Adan Green hits a profit of Rs 190 in the first quarter of 2010

Profit surged primarily due to increased electricity sales due to the expansion of the company’s renewable energy base.

Tick ​​green energy Adani Group’s renewable energy division (AGEL) posted a consolidated profit of Rs 19 billion in the first quarter of 2010, but the company recorded a profit of Rs 400 million in the corresponding quarter of 2009. Against the loss.

Profit surged primarily due to increased electricity sales due to the expansion of the company’s renewable energy base.

The company’s sales were Rs 1,079, up 22.9% year-on-year, the highest quarterly sales ever recorded.

After adding 10.75 megawatts (MW) of capacity over the last 12 months, it sold 2,054 million units of electricity this quarter, an increase of 48% annually.

The company’s current investment portfolio is 3,520 MW.

AGEL, one of the country’s largest acquisitions in the renewable energy sector, will acquire a 100% stake in SB Energy India, a joint venture between Bharti Global and Japan’s SoftBank Group, for a corporate value of $ 3.5 billion in May. I have signed a contract. ..

The company is in the process of completing the acquisition, after which 1,700 MW of SB Energy’s assets under management and 3,254 MW of under-implemented assets will be added to the portfolio. The same is true for another 150 MW of operational wind assets acquired from Inox.

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Adan Green hits a profit of Rs 190 in the first quarter of 2010

https://www.financialexpress.com/industry/adani-green-swings-to-rs-190-crore-profit-in-first-quarter-of-fy22/2304469/ Adan Green hits a profit of Rs 190 in the first quarter of 2010

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