Adani Green Energy's Sales Rise 20%, Capacity Grows 34% In First Half Of FY25
Adani Green Energy Ltd. reported a 34% year-on-year increase in operational capacity in the first half of fiscal 2025, reaching 11,184 MW. This growth was driven by greenfield additions, including 2,418 MW of solar power and 450 MW of wind power plants. The company also noted a 20% YoY rise in energy sales, with 14,128 million units sold.
Key Highlights
Solar portfolio Capacity Utilisation Factor stood at 23.9%, supported by 99.4% plant availability.
Wind portfolio CUF reached 35.7%, with plant availability at 95%.
The hybrid portfolio achieved a CUF of 42.9% with 99.6% plant availability.
The company has a "continued focus on new capacity addition and consistent superior plant performance", a press release on Friday said.
It has recorded a compounded annual growth rate of 49% over the past four years, with a growing share of merchant power. Additionally, the company continues to exceed its power purchase agreement commitments.
Milestones
Awarded a Letter of Award from MSEDCL to supply 5 GW of solar power for 25 years.
Signed its first commercial and industrial agreement to supply 61 MW of renewable energy to Google's data centre.
Completed the formation of a joint venture with TotalEnergies SE for a 1,150 MW renewable energy portfolio, receiving an investment of $444 million.
Fully redeemed a $750 million Holdco bond, reinforcing its capital management.
Became the first renewable energy company in India to join the 'Utilities for Net Zero Alliance' at COP28.
Adani Green Share Price Today
Adani Green Energy stock rose as much as 1.49% during the day. It was trading 0.04% lower at Rs 1,779.85 apiece, compared to a 0.09% decline in the benchmark Nifty 50 as of 10:40 a.m.
It has risen 84.88% in the last 12 months and 11.33% year-to-date. The relative strength index was at 38.97.
Of the four analysts tracking Adani Green Energy, three have a 'buy' rating on the stock and one suggests a 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 12%.
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
