Jindal Stainless partners with Oyster Renewable for 282 MW wind-solar hybrid project for self-consumption
Oyster Renewable Energy will develop a 282 MW wind-solar hybrid power project to supply clean energy to Jindal Stainless’ manufacturing units under a 25-year group captive power purchase agreement. The project will be strategically located in Bhuj (Gujarat) and Agar (Madhya Pradesh).
Adani Green Energy sets up step-down arm
Adani Green Energy Ltd (AGEL) has announced the setting up of a renewable energy generation arm by its wholly owned subsidiary Adani Saur Urja (KA) Ltd.
AMPIN Energy secures 25-year power purchase agreement with IMFA
AMPIN Energy will supply 40 MW of contracted power to Indian Metals & Ferro Alloys Ltd through a hybrid renewable energy solution, comprising 58 MW AC of solar and 58 MW of wind capacity.
ReNew breaks ground on INR 22,000-crore hybrid renewable energy project in Andhra Pradesh
ReNew has started building a hybrid renewable energy project in Andhra Pradesh, which, upon completion, will have an installed capacity of around 2.8 GW (1.8 GWp of solar and 1 GW wind power), supported by a 2 GWh battery energy storage system.
REC posts highest-ever annual profit of INR 15,713 crore
REC Ltd, a non-banking finance company focused on the power sector, has reported a record net profit of INR 15,713 crore for FY 2024-25, marking a 12% increase from INR 14,019 crore in FY 2023-24. Total income rose by 19% year-on-year to INR 55,980 crore.
India Ratings affirms Adani Green Energy’s credit rating at AA-, outlook stable
India Ratings and Research (Ind-Ra) has affirmed Adani Green Energy Ltd’s (AGEL) long-term issuer rating at ‘IND AA-’ with a Stable outlook. It has also resolved the rating watch with negative implications.
Zelestra secures 39 MW solar-wind hybrid PPA with Seshasayee Paper and Boards Ltd
Zelestra will supply 39 MW of solar-wind hybrid power to help decarbonize the manufacturing operations of Seshasayee Paper and Boards Ltd (SPB) in Erode and Tirunelveli, Tamil Nadu.
Adani Green Energy allots 44.9 lakh equity shares to Ardour upon warrant conversion
Adani Green Energy Ltd (AGEL) has approved the conversion of 44.9 lakh warrants into equity shares by Ardour Investment Holding, a member of the promoter group of the Company. Consequently, the promoter group shareholding in AGEL has increased from 60.94% to 61.05%.
Adani Green Energy revenue surges 23% to INR 9,495 crore in FY 2025
Adani Green Energy Ltd (AGEL) has posted robust growth in its revenue, EBITDA, and cash profit, driven by a capacity addition of 3,309 MW in FY 2025.
Adani Green hits 14.2 GW of operational renewable energy capacity
Adani Green Energy Ltd’s operational renewable energy capacity increased 30% year-on-year to 14.2 GW in FY 2025 and is set to increase to 15.2 GW with additional 1 GW nearing completion.
