The green power will be sourced from a new 61.4 MW (megawatt) renewable energy plant located at Khavda in Gujarat.
Adani Green Energy (AGEL), a part of India-based Adani Group, has one of the largest global renewable portfolios with overall portfolio of 20.4 gigawatt (GW) including operating, under-construction and awarded projects catering to investment-grade counterparties. The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects.
The company’s consolidated net profit jumped 94.74% to Rs 629 crore on 22.43% rise in total income to Rs 3,122 crore in Q1 FY25 over Q1 FY24.
The scrip tumbled 4.89% to currently trade at Rs 1,792.20 on the BSE.