AHMEDABAD: The renewable vitality arm of diversified conglomerate Adani Group – Adani Inexperienced Power Restricted (AGEL) on Thursday introduced its consolidated web revenue for the primary quarter of FY 2025 has elevated 32% to Rs 1,390 crore. The corporate posted a web revenue of Rs 1,051 crore within the year-ago interval.
The Adani Group agency’s whole revenue from energy provide elevated 24% to Rs 2,528 crore throughout the quarter as in comparison with Rs 2,025 crore within the year-ago interval.
The strong development in income, EBITDA and money revenue was primarily pushed by a capability addition of two,618 MW during the last yr, the corporate stated in a press release.
“Within the first quarter, the corporate’s operational capability expanded by 31% year-on-year to 10,934 MW, with greenfield additions, together with 2,000 MW of photo voltaic capability in Khavda, 418 MW of photo voltaic capability in Rajasthan and 200 MW of wind capability in Gujarat,” AGEL stated.
“We’re working relentlessly in the direction of the event of the world’s largest single-location renewable vitality plant of 30 GW at Khavda in Gujarat. To allow accelerated implementation, we’ve got deployed superior robotics expertise for set up of photo voltaic modules, considerably enhancing productiveness. Moreover, we’ve got developed an in depth native provide chain and established a sustained mobilisation of human assets,” stated AGEL CEO, Amit Singh.
AGEL’s shares had been priced at Rs 1,820.7 apiece on BSE India because the market closed on Thursday.
The Adani Group agency’s whole revenue from energy provide elevated 24% to Rs 2,528 crore throughout the quarter as in comparison with Rs 2,025 crore within the year-ago interval.
The strong development in income, EBITDA and money revenue was primarily pushed by a capability addition of two,618 MW during the last yr, the corporate stated in a press release.
“Within the first quarter, the corporate’s operational capability expanded by 31% year-on-year to 10,934 MW, with greenfield additions, together with 2,000 MW of photo voltaic capability in Khavda, 418 MW of photo voltaic capability in Rajasthan and 200 MW of wind capability in Gujarat,” AGEL stated.
“We’re working relentlessly in the direction of the event of the world’s largest single-location renewable vitality plant of 30 GW at Khavda in Gujarat. To allow accelerated implementation, we’ve got deployed superior robotics expertise for set up of photo voltaic modules, considerably enhancing productiveness. Moreover, we’ve got developed an in depth native provide chain and established a sustained mobilisation of human assets,” stated AGEL CEO, Amit Singh.
AGEL’s shares had been priced at Rs 1,820.7 apiece on BSE India because the market closed on Thursday.
