Adani Green Energy on Monday posted an over 148 per cent jump in consolidated net profit to Rs 256 crore in the three months ended December, mainly on the back of higher revenues.
Consolidated net profit was at Rs 103 crore in the year-ago period. Total income rose to Rs 2,675 crore in the third quarter from Rs 2,256 crore in the same period a year ago.
“With equity and debt capital raise, we have put in place the capital management framework for a well secured growth path to the targeted 45 GW capacity by 2030,” Amit Singh, CEO of Adani Green Energy, said.
“We continue to ramp up our execution capability by focusing on a resilient supply chain with emphasis on localisation, digitalisation at scale, workforce expansion and competency building,” Amit Singh, CEO of Adani Green Energy, said in a statement.
Further, he said the company is working on the world’s largest renewable power plant at Khavda in Gujarat.
Funds ready
Adani Green Energy Ltd (AGEL) on Monday said it has completed the funding for redemption of its $750 million bonds, eight months ahead of their maturity.
The Adani group company had raised $750 million through the issuance of NCDs (non-convertible debentures) which will mature in September this year.
