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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.
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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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