Adani Green Energy Reports EBIDTA Of Rs 2,374 Cr, Up By 23%
The cash profit surge of the company increased by 32 per cent to Rs 1,390 crore
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Adani Green Energy on Thursday reported EBIDTA of Rs 2,374 crore increased by 23 per cent in Q1 FY25. The company’s revenue growth also increased by 24 per cent YoY to Rs 2,528 crore.
The cash profit surge of the company increased by 32 per cent to Rs 1,390 crore. Whereas Energy sales rose by 22 per cent YoY to 7,356 million units.
Amit Singh, CEO of Adani Green Energy Ltd, stated "We are working relentlessly towards the development of the world’s largest single-location renewable energy plant of 30 GW at Khavda in Gujarat. To enable accelerated implementation, we have deployed advanced robotics technology for installation of solar modules, significantly enhancing productivity.”
Additionally, we have developed an extensive local supply chain and established a sustained mobilization of human resources.
He further said Adani Green is well on track to achieve its 2030 capacity target of 50 GW including at least 5 GW energy storage in the form of pumped hydro, with sites already secured and clear visibility on evacuation. The global recognition of our ESG efforts further strengthens our resolve to deliver sustainable, industry-leading growth.
Adani Green Energy Limited is developing a 30 GW renewable energy plant on barren land at Khavda in Kutch, Gujarat, over an area of 538 sq km, after which the project would be the planet's largest power plant. Adani Green Energy Limited will invest about Rs 1.5 lakh crore for the project.
Within 12 months of breaking ground, Adani Green has already operationalized the first 2 GW. It plans to add a total of 6 GW capacity in 2024-25, and Khavda will contribute a major part of this capacity. The entire 30 GW capacity will be developed in Khavda by 2029.
Green energy for climate mitigation is not just a focus area for India, but globally it has gained momentum. At COP26 held in 2021, India as a whole committed to an ambitious five-part "Panchamrit" pledge. They included reaching 500 GW of non-fossil electricity capacity, generating half of all energy requirements from renewables, and reducing emissions by 1 billion tonnes by 2030. India as a whole also aims to reduce the emissions intensity of GDP by 45 per cent. Finally, India commits to net-zero emissions by 2070.
