“While the immediate economic impact may slow us down, we are presented with an opportunity to pause, rethink, and design a new and faster transition to a low-carbon future,” he said New Delhi: Billionaire Gautam Adani on Thursday said COVID-19 had an immediate economic impact but the pandemic presents an opportunity to design a new […]
Adani Power reports Rs 1,312 cr loss in Q4; FY20 loss widens to Rs 2.2k cr
The company said that its average plant load factor (PLF) or capacity utilisation achieved during 2019-2020 was 68 per cent as compared to 64 per cent achieved in the previous year New Delhi: Adani Power Monday reported a consolidated net loss of Rs 1,312.86 crore for the quarter ended March 31, mainly due higher operating […]
Adani Green Energy shares jump 5 pc on Total SA deal
Total SA on Tuesday said it has invested Rs 3,707 crore to set up 50:50 joint venture with Adani Green Energy Ltd (AGEL) through its step-down subsidiary New Delhi: Shares of Adani Green Energy gained 5 per cent on Wednesday after Total SA said it has invested Rs 3,707 crore in a solar energy joint […]
Adani Group aims to become world’s largest solar power player by 2025: Gautam Adani
Billionaire Gautam Adani on Wednesday said his group is aiming to become the world’s largest solar power company by 2025 and the biggest renewable energy firm by 2030. In a Linkedin post, the Adani Group chairman said the age of renewable energy has dawned upon the world faster than most could have anticipated. “Our vision […]
Essel Infra to sell solar assets to Adani Group for up to ₹2,000 crore
This would be the third sale for Essel Infraprojects, which aims to monetize assets to pay off creditors Of Essel Infra’s total solar energy portfolio of 685MW, 310MW is currently operational MUMBAI: Essel Infraprojects Ltd, a part of the Subhash Chandra-led debt-laden Essel Group, has agreed to sell about 310 megawatts (MW) of solar energy […]
ExxonMobil may tie up with GAIL to set up green energy platform
Proposed JV marks a change in global energy architecture, with India at centre of Exxon’s growth plans ExxonMobil’s focus on India shows the importance of the world’s third largest energy consumer NEW DELHI: ExxonMobil Corp., the world’s most valuable energy company, may shortly form a partnership with state-owned GAIL (India) Ltd to set up a […]
Commissioning of 50Mwac Solar Power Project in the State of UP by Adani Green Energy
Adani Green Energy (UP), a wholly owned subsidiary of Adani Green Energy has commissioned 50 MWac Solar Power Project on 10 May 2019 in the State of Uttar Pradesh. The off-taker for the Said Project is Uttar Pradesh Power Corporation Limited. The PPA is for 25 years. The approved PPA tariff, at present, is Rs. […]
Adani Group announces ₹55,000 crore investment in Gujarat
The Gautam Adani-led conglomerate wants to invest across businesses such as data centers, renewable energy, copper, cement and chemicals to create economic assets in the state. The $11-billion Adani Group, which has interests ranging from ports and energy to real estate, announced an investment of ₹55,000 crore over the next five years in Gujarat. Adani […]
Adani Group, Tata Power, NTPC win bids for UP solar energy projects
Adityanath govt targeting Rs 500-bn investment in solar power space Adani Group, Tata Power and NTPC are among the six energy majors who have been selected by the Uttar Pradesh government to develop nine solar power projects in the state. These projects pertain to different installed capacities, ranging from 25 megawatt (Mw) to 100 Mw, […]