New Delhi: Adani Green Energy on Wednesday posted a consolidated net profit of Rs 102 crore profit for the September quarter of 2019-20. The company reported a loss of Rs 188 crore in the year-ago period, a BSE filing said. Total income rose to Rs 711.96 crore in the second quarter from Rs 458.89 crore […]
Adani Green to acquire Essel’s 205 MW solar energy projects for Rs 1,300 cr
The enterprise value of the acquisition is about Rs 1,300 crore, which will be subject to closing adjustments, if any, on or before the closing date. The consideration would be paid in cash, it added. Adani Green Energy on August 29 said it would acquire 10 solar energy assets with total generating capacity of 205 […]
Loss of Adani Green Energy for Q1 widens to Rs 97.44 cr
New Delhi: Adani Green Energy Ltd (AGEL) on Wednesday reported widening of consolidated net loss to Rs 97.44 crore in June quarter from Rs 74.26 crore a year ago, mainly due to higher finance cost and an exceptional adjustment. The consolidated loss in June quarter after cash profit was at Rs 77 crore, the company […]
Adani Green Energy arm bags 600 MW solar wind hybrid projects
The company has received Letters of Award (LOAs) from SECI for the 600 MW projects. The fixed power purchase agreement (PPA) tariff is Rs 2.69/kWh for a period of 25 years, it added. Adani Green Energy June 19 said its arm Adani Renewable Energy Park (Gujarat) has bagged 600 MW wind-solar hybrid projects in an […]
Adani Green Energy promoters to sell stake worth ₹400 cr via OFS
As of 31 March 2019, the promoters of Adani Green Energy held 86.5% stake in the company The proposed offer for sale will open on Wednesday for institutional and high-networth individual investors and on Thursday for retail investors Mumbai: Adani Group’s renewable energy company Adani Green Energy Ltd on Tuesday said its promoters led by […]
Adani Green Energy bonds subscribed three times
The instruments would mature in five and a half years. Mumbai: Renewable power company Adani Green EnergyNSE -2.91 % raised $500 million in an overseas debt sale for which the company obtained subscriptions about three times more than bonds on offer. Eastspring, Harvest, Manulife, Payden, Lazard Masfi, and Morgan Stanley were among the investors that […]
Adani Green Energy’s OFS for 8.75 crore shares on Tuesday
The offer for sale would open for one day on Tuesday, May 21, 2019, stated a BSE filing. New Delhi: Adani Green Energy said on Monday that two of its promoters Adani Tradeline LLP and Universal Trade and Investment together would offer 8.75 crore equity at an offer price of Rs 43 per piece on […]
Adani Green Energy, ReNew Power only bidders in hybrid auction
Renew Power and Adani Green Energy made techno-commercial bids for 300 MW and 600 MW, respectively, people close to the development said. Adani Green EnergyNSE 1.50 % and ReNew Power were the only bidders in the latest tranche of Solar Energy Corporation of India’s wind solar hybrid tender for 1,200 MW of capacity that was […]
Adani Green Energy Q4 loss widens to Rs 94 cr; plans to raise up to Rs 5K cr
The company also said it has won 250 MW wind and 150 MW solar bids in the March quarter. Post completion of all the bids won and projects under implementation, the company’s operational capacity would be 4,560 MW. Adani Green Energy Wednesday reported widening of its consolidated loss to Rs 94.08 crore for the March […]
VIP, Adani Green Energy, Gujarat Ambuja Exports enter ASM framework
Auto-grade steel manufacturer Bhushan Steel has been shortlisted in ASM in relation to the Insolvency Resolution Process as part of the Insolvency and Bankruptcy Code Luggage giant VIP Industries, renewable energy business company Adani Green Energy, flour milling company Gujarat Ambuja Exports and Pharma enterprise Morepen Labs have been included in the Additional Surveillance Mechanism […]