Adani Green Energy Arm Enters Pact With Uttar Pradesh Power Corp. For 400 MW Solar Power
Adani Green Energy Ltd. announced on Saturday that its wholly-owned step-down subsidiary, Adani Green Energy Sixty Nine Ltd., signed a Power Purchase Agreement with Uttar Pradesh Power Corp., for supply of 400 MW solar power.
The power will be supplied from grid connected solar PV power project to be developed in Rajasthan, according to an exchange filing.
The renewable power generation company's earnings before interest, taxes, depreciation and amortisation from the power supply business rose 35% to Rs 2,453 crore in the January-March quarter, as against Rs 1,811 crore in the year-ago period.
Adani Green Energy Ltd.'s Ebitda crossed the milestone of $1 billion in fiscal 2025, as per the results declared by the company.
For fiscal 2025, the Ebitda reached Rs 8,818 crore, marking a jump of 22% from Rs 7,222 crore in fiscal 2024.
The Adani Group arm's operational renewable energy capacity grew 30% year-on-year to 14.2 gigawatts in fiscal 2025, which "continues to be India's largest".
The firm also reported a greenfield addition of 3.3 GW during the fiscal, which is "India's highest ever" by any renewable energy firm.
Disclaimer: NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
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