Adani Green Energy's net profit crossed Rs 370 crore in the second quarter, the company released the figures
Adani Green Energy: Adani Green Energy's total income increased to Rs 2589 crore from Rs 1684 crore in the same period a year ago. Energy sales during the period increased to 5737 million units (MU) from 3067 MU in the year-ago quarter. Let us know the complete details related to this.
Adani Green Energy on Monday reported a nearly 149 percent rise in its consolidated net profit in the July-September quarter at Rs 371 crore, compared with a year ago. This has happened mainly due to the high sales of the company.
According to the data presented by the company, the consolidated net profit for the quarter ending September 30 last year was Rs 149 crore. Come, let us know about the complete news.
Adani Green Energy's total income rose to Rs 2,589 crore in the reporting quarter from Rs 1,684 crore in the year-ago period. Energy sales rose to 5,737 million units (MU) from 3,067 MU in the year-ago quarter. Energy sales in H1FY24 (April-September 2023) grew 78 percent year-on-year (y-o-y) to 11,760 MU, primarily driven by strong capacity additions across solar, wind, and hybrid portfolios and improved CUF (capacity usage factor).
In this regard, the company said that in pursuit of our next milestone of building the world's largest RE cluster in Khavra, Gujarat, we have already deployed more than 5,000 workforce. At Khavra we will install one of the most efficient 5.2 MW wind turbines along with the most advanced TOPCon solar modules as well as India's largest and
Adani Green Energy CEO Amit Singh said that these efforts will propel us towards achieving the lowest level of energy costs. Adani Green Energy, a part of India-based Adani Group, has one of the largest global renewable portfolios with an overall locked-in portfolio of 20.4 GW including operational, under-construction, and awarded projects.