NEW DELHI: Adani Green Energy Ltd (AGEL) on Thursday posted over 85 per cent rise in consolidated web profit to Rs 474 crore for December quarter on the again of upper revenues from energy provide. The firm had logged a web profit of Rs 256 crore within the year-ago interval, in accordance to a BSE submitting.
Revenue from energy provide rose to Rs 1,993 crore within the quarter from Rs 1,765 crore in the identical interval 12 months in the past.
“We are steadily developing the world’s largest RE plant in Khavda, Gujarat as well as large-scale plants in Rajasthan and other sites, supported by well-aligned transmission planning.”
“Our updated strategy now includes largescale deployment of Battery Energy Storage Systems (BESS), given significant cost declines in last few quarters,” CEO Amit Singh mentioned in a press release.
BESS might be deployed comparatively shortly and will probably be essential in grid integration, supporting speedy renewable development and complementing the corporate’s current photo voltaic, wind and hydro pumped storage initiatives, Singh mentioned.
Operational capability of the corporate elevated by 37 per cent YoY (year-on-year) to 11,609 MW with new addition of three,131 MW energy crops.
AGEL contributed 15 per cent to the nationwide utility-scale photo voltaic and 12 per cent to wind installations in calender 12 months 2024.
Sale of vitality elevated 23 per cent YoY at 20,108 million items in April- December 2024, backed by strong capability addition, AGEL said.
