Promoters to invest $1,125 million equity in Adani Green
Adani Green Energy Ltd stated the funds will be utilized for deleveraging and accelerated capital expenditure to achieve 45 GW of renewable energy capacity by 2030.
Ambuja Cements commits INR 6,000 crore to 1 GW of solar, wind power projects
Ambuja Cements Ltd, part of the diversified Adani Group, plans investment in 750 MW of new renewable power generation capacity in Gujarat (600 MW solar and 150 MW wind) and a 250 MW solar power project in Rajasthan as it pursues cost reduction and environment sustainability across its cement manufacturing operations. The company will fund these projects through internal accruals.
Adani ‘Green Talks’ supports 5 social impact startups
Adani Group’s ‘Green Talks’ provides an open source platform to social entrepreneurs to develop their ideas and make them reality.
Adani Total Gas launches green hydrogen blending pilot in Ahmedabad
Adani Total Gas Ltd will blend green hydrogen with natural gas for over 4,000 home and commercial piped natural gas (PNG) customers during the pilot phase. The project will assess the viability of green hydrogen as an alternative energy source for city gas distribution (CGD) consumers.
Adani Green Energy posts INR 371 crore profit in second quarter
Indian developer Adani Green Energy Ltd reported a 53.7% year-over-year increase in consolidated total income to INR 2,589 crore ($311 million) in the second quarter (July-Sept) of FY 2024. Net profit (profit after tax) soared 150% YoY to INR 371 crore.
Adani Group forms JV for marketing of green hydrogen in Japanese market
Adani New Industries Ltd (ANIL), an arm of Adani Group, expects to start green hydrogen production from its Gujarat facility by FY 2027.
Adani Green to commission 3 GW of renewable energy capacity this fiscal
The developer has reached either financial closure or binding term sheets for about 1.1 GW of this upcoming 3 GW solar and wind energy capacity.
Adani Green’s operational renewables capacity surpasses 8 GW
Adani Green now has the largest operating renewable energy portfolio in India comprising 4,975 MW solar, 2,140 MW hybrid, and 971 MW wind.
Adani Green Energy Q3 profit soars 110% YoY
Adani Green Energy Ltd, the renewable energy arm of the diversified Adani Group, reported a consolidated net profit of INR 103 crore in the three months ended Dec. 31, 2022.
Abu Dhabi’s International Holding Company to invest $400 million in Adani Enterprises FPO
Abu Dhabi-based International Holding Company (IHC) has subscribed to 16% of Adani Enterprises $2.5 billion Further Public Offering. This is IHC’s second investment deal completed with Adani Group after last year’s $2 billion investment in Adani Green Energy, Adani Transmission, and Adani Enterprises.
