December 10, 2022


Adani Inexperienced Power’s internet revenue jumped six occasions within the September quarter

Adani Inexperienced Power introduced its July-September quarter outcomes, reporting a internet revenue of Rs 100 crore on a consolidated foundation, in comparison with Rs 17 crore within the corresponding interval final yr, marking a development of 488 per cent – practically six occasions year-on-year.

The renewable power main’s income from energy provide within the second quarter of the present fiscal stood at Rs 834 crore, in comparison with Rs 530 crore within the corresponding interval final yr, registering a development of 58 per cent year-on-year, in response to a regulatory submitting by the agency to the inventory exchanges.

The corporate’s whole earnings stood at Rs 1,411 crore within the September quarter, in comparison with Rs 718 crore within the corresponding interval final yr. The sale of power (photo voltaic and wind) elevated 61 per cent to Rs 1,901 crore within the September quarter, in comparison with Rs 1,182 crore within the year-ago interval.

“It’s gratifying to see that the concentrate on local weather change has continued to speed up at a tempo that has taken everyone without warning,” mentioned Mr. Gautam Adani, Chairman of the Adani Group.

The photo voltaic portfolio capability utilisation issue (CUF) stood at 21.7 per cent within the September quarter, in comparison with 20.7 per cent within the year-ago interval. The wind portfolio CUF stood at 42.9 per cent within the quarter, in comparison with 30.3 per cent within the year-ago interval.

The photo voltaic CUF enchancment was pushed by enchancment in grid availability and excessive plant availability. The wind CUF enchancment was backed by technologically superior and newly added wind turbine mills, improved plant availability of 96 per cent, and improved wind velocity.

”Our journey in the direction of turning into the world’s largest renewables participant and additional rising the hole because the world’s largest photo voltaic participant is manifested within the very important investments that we proceed to make on this enterprise,” mentioned Mr Adani.

On Thursday, October 28, shares of Adani Inexperienced Power settled 4.84 per cent decrease at Rs 1,147.15 apiece on the BSE



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