Adani Green Energy Limited (NSE:ADANIGREEN) is a subsidiary of the Adani Group, one of India’s largest conglomerates. It is a leading player in the Indian renewable energy sector, with a focus on solar and wind power generation. Adani Green Energy has a significant presence in India, with projects across several states, and a rapidly growing portfolio of renewable energy assets. The company has set a target of achieving 25 GW of renewable energy capacity by 2025, making it one of the largest players in the sector. Adani Green Energy is known for its focus on sustainability and is committed to using renewable energy to power a greener future. It has received several awards and recognition for its efforts in promoting clean energy and reducing carbon emissions.
Adani Green Energy Limited announced its Q3FY23 results with a 39% YoY increase in revenue from power supply to Rs 3,695 crore and 41% YoY increase in cash profit to Rs 1,827 crore. EBITDA from power supply rose by 44% YoY to Rs 3,570 crore with a high EBITDA margin of 91.7%. The company’s operational capacity increased by 35% YoY to 7,324 MW and is on track to reach 8,300 MW by the end of the fiscal year. The CEO of Adani Green Energy, Vneet S Jaain, stated that the company is making progress towards its goal of leading the way in large-scale adoption of affordable clean energy in India and is committed to its ESG goals.