The Competition Commission of India (CCI) approves formation of Joint Venture between Adani Green Energy Limited and Total S.A. in the business of power generation through solar energy in India. The proposed combination envisages Adani Green Energy Limited transferring certain of its subsidiaries to a newly incorporated company (JV). Subsequently, Total S.A. would directly or […]
Adani Green Energy commissions 50 MW wind power project
Adani Green Energy (MP), a wholly owned subsidiary of Adani Green Energy, has commissioned its 50 MW Wind Power Project having Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) at Rs. 2.65/kWh for a period of 25 years on 5 March, 2020. With this, 2.55 GWac of renewable energy projects are […]
Adani Green Energy Q3 net loss at Rs 124 crore
Revenue of the company was up 10.8 percent at Rs 504 crore versus Rs 455 crore. Adani Green Energy has reported consolidated net loss of Rs 124 crore for the quarter ended December 2019 which included one-time loss of Rs 74.1 crore. The company had posted a loss of Rs 118 crore in the same […]
Application for Adoption of Transmission Charges
Application for Adoption of Transmission Charges For more information please see below link:
LONGi Solar entered into a major deal with Adani Green Energy to supply solar panels in 2020
LONGi and Adani Green Energy entered strategic partnership agreement for supply of up to 1.2GW Hi MO4 modules in India by 2020 LONGi, the world’s leading solar technology company and Adani Green Energy, India’s largest photovoltaic power station developer, has entered into a strategic partnership agreement on November 28, 2019 where LONGi will supply Adani […]
Adani Green Energy spurts over 39% in six sessions
Adani Green Energy rose 1.97% to Rs 134.70, extending recent gains amid robust buying support. Shares of Adani Green Energy soared 38.93% in six trading sessions to its current market price of Rs 134.70 from its recent closing low of Rs 96.95 on Thursday, 21 November 2019. Meanwhile, the S&P BSE Sensex was down 326 […]
Adani Green Energy CFO Ashish Garg quits
In a BSE filing, the company indicated that Garg has tendered his resignation as CFO with effect from November 25, 2019. New Delhi: Renewable energy arm of the Adani Group, Adani Green Energy Limited (AGEL) on Monday announced the resignation of its Chief Financial Officer (CFO) Ashish Garg with immediate effect in a regulatory filing […]
Adani Green Energy hits new high; zooms 120% in two months
Earlier this month, rating agency India Ratings and Research (Ind-Ra) had affirmed AGEL’s long-term issuer rating at ‘IND A’ with a stable outlook. Shares of Adani Green Energy (AGEL) hit a new high of Rs 115, up 7 per cent on the BSE on Monday on back of heavy volumes. The stock had rallied 10 […]
Adani Green Energy Q2 profit at Rs 102 cr
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 […]