New Delhi: Adani Group has announced their new project in Gujarat which will be a wind power project in Khavda for the energy supply after Gautam Adani faced the supreme court allegations on the security checkup and all those blamed on him were not official and U.S had just put wrong security allegations on him and after all of this Adani Group has given a proper focus on building better things in India and now Adani Group has made a project of renewable energy of wind project in Khavda, Gujarat.
Adani’s green energy gained a 7.2 percent share on Wednesday’s trade in BSE, logging in intraday high at Rs 1,080 per share. This move has come after the company arm Adani Renewable Energy Forty-Eight commissioned a 57.2 MW wind power component in Gujarat. Adani Green Energy was up at 3.8 percent on 1,045.8 per share in BSE. In comparison to the BSE Sensex, it was up 0.38 percent at 76,758.02. The market capitalization of the company stood at 1,65,658.12 crore. The 52-week high of the stock was 2,173.65 per share while on the 53-week low the stock was Rs 870.9 per share.
Adani Renewable Energy Forty-Eight Limited stepped down from Adani Green Energy Limited to commission of 57.2MW wind power project for its wind-solar hybrid project in Khavda, Gujarat. With the commissioning of this plant of Adani Green Energy Limited total operational renewable energy was increased by 11,666.1 MW which is good for the wind power supply in the project and gets a good amount of energy in this form and this project.
Adani Green Energy reported a 38.8% year-on-year (YoY) jump in net profit at ₹515 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Adani Green Energy posted a net profit of ₹371 crore. The company’s revenue from operations surged 27.6% to ₹3,055 crore against ₹2,220 crore in the same quarter in FY24. At the operating level, EBITDA increased 24.8% to ₹2,272 crore in the second quarter of this fiscal over ₹1,821 crore in the year-ago period.
