Latest news with #AdaniGreenEnergy
Business Upturn
6 days ago
- Business
- Business Upturn
Adani Green Energy incorporates new step-down subsidiary AHE10L to focus on renewable power
By Aditya Bhagchandani Published on June 3, 2025, 11:48 IST Adani Green Energy Limited has officially announced the incorporation of a new step-down subsidiary, Adani Hydro Energy Ten Limited (AHE10L), as of June 2, 2025. The new entity has been formed under Adani Saur Urja (KA) Limited, a wholly-owned subsidiary of Adani Green Energy. According to the company's filing with the stock exchanges, AHE10L has been incorporated with an authorised and paid-up capital of Rs 1,00,000. The entity is yet to commence its business operations. The primary objective of AHE10L is to generate and manage electrical energy using renewable sources such as solar and wind. The move aligns with Adani Green Energy's long-term strategy to scale up its renewable energy footprint across India. AHE10L will operate in the renewable power generation sector and is registered with the Registrar of Companies, Gujarat, in Ahmedabad. As per the regulatory disclosure, Adani Saur Urja holds 100% of the share capital of the newly formed company. There are no regulatory approvals or cost-related considerations required for the formation of AHE10L, as it is a wholly owned formation within the group's structure. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Associated Press
22-05-2025
- Business
- Associated Press
Renewable Energy Leader Adani Green Energy Limited (AGEL) Automates Engineering Process to Fast-Track Gigascale Project
AGEL partnered with CCTech to automate engineering design process at the world's largest solar park, driving rapid progress & sustaining growth momentum. PUNE, MAHARASTA, INDIA, May 22, 2025 / / -- Adani Green Energy Limited (AGEL), India's largest renewable energy company, has cemented its market leadership by implementing a solar park design automation solution to accelerate progress at Khavda and other project sites. This milestone marks a quantum leap for AGEL, advancing their sustainable commitment to deliver 50 GW of clean, affordable, and reliable power by 2030. With this new innovative approach, the company has bid farewell to traditional design processes, replacing them with a digital approach that promises enhanced efficiency and productivity. Implementing a solar park design automation solution marks a strategic milestone for AGEL. It has modernized their design process and significantly streamlined project execution. Partnering with Centre for Computational Technologies ( CCTech ), a leading engineering technology solutions provider, AGEL leveraged CCTech's extensive expertise in Autodesk products, CAD development, automation, and industry experience to create an advanced configurator system. The new solution has successfully automated the generation of construction drawings for civil, mechanical, & electrical verticals for solar parks, streamlining the design process and enhancing efficiency. Additionally, the solar configurator also integrates tools like Civil3D, AutoCAD, Google Earth, and Google Maps API. With this, CCTech has automated important tasks like 3D terrain analysis, area grading, solar MMS table layout, pile placement, cable hanger routing, real-time geo-tagging, annotations, dimension placement, and drawing sheet generation for the company. This integrated digital workflow has simplified AGEL's complex design tasks, minimizes errors, and improves coordination between design and construction teams, ensuring a smoother transition from design to the construction phase. 'Our collaboration with CCTech has truly reshaped our approach to solar design,' said Mr. Nilesh Patel, Associate Vice President – Engineering, AGEL; 'We now have a solution that delivers the accuracy and precision we need while dramatically speeding up our processes. Engineering construction drawings & drawing-related BoQs that once took weeks are now released within a time frame of a few hours to a couple of days. Our engineering team is now finally freed from putting endless hours into tedious AutoCAD operations and can now focus on optimizing design layouts. CCTech's expertise and dedication have been crucial in making our automation journey at AGEL both smooth and effective. This project has been a cornerstone in achieving AGEL's clean energy vision.' Expressing his pleasure on the occasion, Sandip Jadhav, CEO at CCTech, said, 'At CCTech, we're always pushing the boundaries of engineering software automation by leveraging Autodesk's capabilities and our deep industry insights. It's been a pleasure working with AGEL—a company that truly shares our passion for tech-driven process improvement. I must give credit to our team; they delivered multiple critical features in record time to meet AGEL's ambitious goal. Our technical expertise, agile approach, and enterprise intelligence have set a new benchmark in renewable energy design across the globe. And we're just getting started—we've already started on a new initiative using digital twin technology for construction management. I can't wait to see the impact it'll have on renewable energy. ' About CCTech CCTech is a global technology consultancy organization specializing in engineering software solutions, digital transformation, and automation for the AEC, manufacturing, chemical, oil & gas, and renewable energy sectors. The company is committed to democratizing BIM, CAD, and CFD technologies by reducing complexity through AI-driven automation to meet unique customer needs. Bridging the gap between cutting-edge technology and industry challenges, CCTech collaborates closely with Autodesk teams in the development of AutoCAD, Civil 3D, Infraworks, Fusion, ACC, and more, while partnering with clients to address their critical engineering challenges. In addition to providing comprehensive services in custom software development, cloud integration, and AI-powered analytics, CCTech offers innovative product solutions such as simulationHub Web Services (SWS) Platform—a fully managed, intelligent platform that empowers organizations of all sizes to execute sophisticated CFD calculations efficiently, helping them navigate complexity and accelerate time-to-market for sustainable growth. Vijay Mali CCTech +91 98508 61178 [email protected] Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Business Standard
16-05-2025
- Business
- Business Standard
Adani Green Energy allots 54.55 equity shares on conversion of warrants
Adani Green Energy has allotted 54,55,584 equity shares of the Company with a face value of Rs. 10/- each, at a premium of Rs. 1,470.75/- per share, pursuant to the exercise and conversion of 54,55,584 convertible warrants against receipt of the balance subscription amount of Rs. 1,110.56 /- per warrant (i.e. 75% of the issue price), to to the above allotment, the paid up equity share capital of the company has increased to 160,97,11,829 equity shares of Rs 10 each. Powered by Capital Market - Live News
Mint
14-05-2025
- Business
- Mint
Adani Power, Adani Ports to Adani Green: Adani shares rise up to 2.3%. Do you own any?
Adani Group stocks in focus today: Adani Group stocks, including Adani Enterprises, Adani Green Energy, and Adani Ports & Special Economic Zone, were buzzing in Wednesday's trade (May 14), gaining up to 2%, mirroring the positive sentiment in the Indian stock market. Some of the group stocks gained on optimism surrounding the US-China trade deal, which is expected to boost global demand for base metals. Others extended their rally after reporting stronger-than-expected March quarter results. These gains, along with other positive developments, have helped Adani Group stocks sustain their upward trend since early May. At the start of the month, all Adani Group stocks saw strong buying interest on Dalal Street amid reports that representatives of Indian billionaire Gautam Adani met officials from U.S. President Donald Trump's administration to seek the dismissal of criminal charges in an overseas bribery probe. Adani Enterprises' share price extended its winning streak to a third straight session today, rising another 2% to hit the day's high of ₹ 2,481 apiece. In early May, the company reported a 756% year-on-year (YoY) jump in consolidated net profit to ₹ 3,845 crore for the quarter ended March 2025, driven by an exceptional gain of ₹ 3,286 crore from the sale of a 13.5% stake in Adani Wilmar (AWL). Adani Green Energy's share price also maintained its upward trend for the second consecutive session, climbing another 1.7% to reach ₹ 975 apiece. The company posted a 24% YoY rise in net profit to ₹ 383 crore in Q4, while revenue from core operations grew 21.6% YoY to ₹ 3,073 crore. Adani Ports & Special Economic Zone's share price rose 1.20% to hit a day's high of ₹ 1,385.90, extending its rally for the third straight session. The company's consolidated net profit surged 50% YoY to ₹ 3,023 crore in Q4FY25, up from ₹ 2,025 crore in the same period last year. Revenue from operations in Q4FY25 increased 23% YoY to ₹ 8,488 crore, while EBITDA rose 24% YoY to ₹ 5,006 crore. AWL Agri Business share price has also extended its upward run for third straight session on Wednesday, gaining 2.3% to reach the day's high of ₹ 269.20 apiece. The company net profit in Q4FY25 jumped to ₹ 191 crore from ₹ 157 crore in Q4FY24. Other group stocks, including Adani Power, ACC, Ambuja Cements, NDTV, and Sanghi Industries, are also trading with gains of up to 1% in today's session.
Mint
14-05-2025
- Business
- Mint
Adani Power, Adani Ports to Adani Green: Adani shares rise up to 2%. Do you own any?
Adani Group stocks in focus today: Adani Group stocks, including Adani Enterprises, Adani Green Energy, and Adani Ports & Special Economic Zone, were buzzing in Wednesday's trade (May 14), gaining up to 2%, mirroring the positive sentiment in the Indian stock market. Some of the group stocks gained on optimism surrounding the US-China trade deal, which is expected to boost global demand for base metals. Others extended their rally after reporting stronger-than-expected March quarter results. These gains, along with other positive developments, have helped Adani Group stocks sustain their upward trend since early May. At the start of the month, all Adani Group stocks saw strong buying interest on Dalal Street amid reports that representatives of Indian billionaire Gautam Adani met officials from former U.S. President Donald Trump's administration to seek the dismissal of criminal charges in an overseas bribery probe, according to Bloomberg. Meanwhile, Adani Enterprises' share price extended its winning streak to a third straight session today, rising another 2% to hit the day's high of ₹ 2,481 apiece. In early May, the company reported a 756% year-on-year (YoY) jump in consolidated net profit to ₹ 3,845 crore for the quarter ended March 2025, driven by an exceptional gain of ₹ 3,286 crore from the sale of a 13.5% stake in Adani Wilmar (AWL). Adani Green Energy's share price also maintained its upward trend for the second consecutive session, climbing another 1.7% to reach ₹ 975 apiece. The company posted a 24% YoY rise in net profit to ₹ 383 crore in Q4, while revenue from core operations grew 21.6% YoY to ₹ 3,073 crore. Adani Ports & Special Economic Zone's share price rose 1.20% to hit a day's high of ₹ 1,385.90, extending its rally for the third straight session. The company's consolidated net profit surged 50% YoY to ₹ 3,023 crore in Q4FY25, up from ₹ 2,025 crore in the same period last year. Revenue from operations in Q4FY25 increased 23% YoY to ₹ 8,488 crore, while EBITDA rose 24% YoY to ₹ 5,006 crore. AWL Agri Business share price has also extend its upward run for third straight session on Wednesday, gaining 2.3% to reach the day's high of ₹ 269.20 apiece. The company net profit in Q4FY25 jumped to ₹ 191 crore from ₹ 157 crore in Q4FY24. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
