Adani Group is all set to focus more on green energy business. Adani Green Energy Limited has released excellent fourth quarter results. Adani Group Chairman Gautam Adani said that Adani Green’s results reveal the financial strength of the company’s business model, despite the impact created by Hindenburg Research. Adani Green is the leader in green energy sector. The company consistently creates new industry standards in terms of efficiency, performance and capacity building. Adani Green is experimenting with renewable energy. He said that the company will play a major role in India’s efforts towards a greener future.
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Adani Green Q4 Results Adani Green Energy Limited is the country’s leading company in the field of green energy. The company’s profit on a consolidated basis jumped 319% to Rs 507 crore in the fourth quarter ended March 2023. The company’s total revenue grew 88% to Rs 2,988 crore. Revenues quadrupled to Rs 5.07 billion ($62 million) in the three-month period from January to March 2023. This is an increase on a YoY basis.
Also Read: How to choose shares outside Porinchu? What about Adani? Adani Group has been trying to make a big development in the field of renewable energy for the past few days. Adani Group also has a large business presence in power generation and ports.
The company aims to spend $800 million on new green energy projects. Adani Group is negotiating with global banks for this. Adani Green’s operational capacity has almost halved to 8 GW in the fiscal year ending March 2023. The company aims to achieve 30 gigawatt capacity by 2030.
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