Latest news with #AdaniGreenEnergyLtd
Mint
19-05-2025
- Business
- Mint
Top three stocks to buy today: Expert Ankush Bajaj's picks for 19 May
Indian stock markets ended slightly lower on Friday, weighed down by weak global cues and a pullback in domestic technology shares. The Nifty 50 slipped 42 points to close at 25,019, while the Sensex dropped 200 points to finish at 82,330. Despite the subdued session, both indices recorded solid weekly gains of more than 4%. Top three stock recommendations by Ankush Bajaj for 19 May Buy: Adani Green Energy Ltd (ADANIGREEN) (current price: ₹1,020) Buy: Aarti Industries Ltd (AARTIIND) (current price: ₹474) Also Read: Indian defence firms skyrocket after Pakistan skirmish Buy: Bharat Dynamics Ltd (BDL) (current price: ₹1,842) Also Read: Mint Explainer: Understanding NSE's new framework for retail algo trading and what it means for traders Market Update: 16 May 2025 After a strong upward momentum throughout the week, the Indian stock market finally hit the brakes on Friday, showing signs of consolidation. As the weekend approached, investor sentiment turned cautious, resulting in a session that remained largely range-bound. The day was marked by indecisiveness and muted trading activity, with many participants opting to book profits following recent gains. The Nifty 50 traded within a tight band throughout the day and eventually closed flat at 25,019.80, rising just 42.30 points or 0.17%. This sideways movement reflected a sense of market exhaustion after a robust bullish streak, possibly signaling a pause before the next major directional move. A similar trend was seen in the BSE Sensex, which ended the session at 82,330.59, gaining 200.15 points or 0.24%. Meanwhile, the Bank Nifty remained nearly unchanged, adding a negligible 0.70 points to close at 55,354.90, indicating subdued interest in financial heavyweights. Adding to the quiet sentiment, India Vix continued to decline, pointing toward low volatility and suggesting that traders were not expecting any major surprises in the short term. The lack of strong momentum on either side hinted that the market may be waiting for fresh domestic macroeconomic data or global cues to drive its next move. Sectoral View The broader sectoral performance on Friday painted a neutral picture, with no particular sector clearly leading or lagging, further reinforcing the market's range-bound character. On the positive side, the Public Sector Enterprises (PSE) index gained 1.81%, supported by optimism surrounding energy sector reforms and rising demand in electric vehicles. The Realty Index followed closely with a 1.63% rise, as traders rotated into housing and commercial real estate stocks. Energy stocks also witnessed modest gains of 0.85%, driven by strong commodity prices and better export prospects. Conversely, some sectors witnessed mild profit booking. The services index slipped 0.42%, while the healthcare sector dipped 0.30%, largely pressured by select pharma names. The infrastructure sector also edged lower by 0.17%, reflecting tepid interest in capital goods and related themes. Also Read: Sebi's PSU delisting proposal sparks calls for parity with private companies Stock Highlights In a largely muted session, there were only a handful of notable movers. Top gainers included Bharat Electronics Ltd, which surged 3.85%, continuing to benefit from sustained defense order inflows and optimism in the electric vehicle-linked ecosystem. Bajaj Auto added 1.88%, bolstered by renewed strength in the metals space. Tata Consumer Products climbed 1.81%, as the market responded positively to recent large orders and robust earnings expectations. On the downside, Bharti Airtel declined 2.85%, likely facing profit booking after its recent outperformance. HCL Tech slipped 2.13%, contributing to the broader weakness in the IT space. State Bank of India ended the day 1.94% lower, dragged down by muted banking activity and sectoral rotation away from PSU banks. Nifty Technical Analysis After a strong rally on 15 May, the Nifty briefly consolidated, closing around 42 points lower. Despite this minor dip, the index remains on track, resuming its upward movement toward the 25,300 mark. Notably, Nifty has managed to hold above the key psychological level of 25,000, indicating continued strength. Support is now shifting higher to 24,800, and any dips toward this level are likely to be viewed as buying opportunities. Momentum indicators on both the daily and hourly charts have shown a positive crossover — a technical buy signal — reinforcing a bullish view. From a technical standpoint, the index is currently trading above key moving averages. On the daily chart, Nifty is well above the 20-day EMA and 40-day DEMA, currently placed at 24,394 and 23,931, respectively. The momentum indicator on the daily timeframe also supports this upward bias with a bullish crossover. On the hourly chart, Nifty is holding above the 20-hour and 40-hour EMAs, at 24,845 and 24,745, respectively. Here too, the momentum indicator shows a positive crossover, adding to the short-term bullish narrative. Market breadth further supports this view, with 1,958 stocks advancing and 919 declining on the National Stock Exchange, reflecting broad-based market participation. Conclusion The technical setup remains favorable, and with key levels holding firm, the outlook on Nifty stays positive. Traders may consider buying on dips, especially near support levels, as the index continues its journey toward 25,300. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. 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 making any investment decisions.
The Print
29-04-2025
- Business
- The Print
Adani Green surpasses USD 1 Billion in EBITDA; reports robust FY25 results
Ahmedabad (Gujarat) [India], April 29 (ANI): Adani Green Energy Ltd (AGEL), India's largest and fastest-growing pure-play renewable energy (RE) company, has announced financial results for the period ending 31 March 2025, showcasing significant growth and operational excellence, according to a release. The company also informed that its Energy Sales increase by 28% YoY to 27,969 million units, equivalent to half of Singapore's annual power consumption. The Revenue Growth Increased by 23% YoY to Rs. 9,495 crores. It has Achieved EBITDA margin of 91.7% and Cash Profit Surge by 22% YoY to Rs. 4,871 crores Strong revenue, EBITDA and Cash profit growth is primarily backed by robust greenfield capacity addition of 3.3 GW, deployment of advanced RE technologies and superior plant performance. Sagar Adani, Executive Director, Adani Green Energy, said,'We are playing a pivotal role in India's renewable energy growth, which is evident from our historic 3.3 GW greenfield capacity addition in FY25. We contributed 16% to the nation's utility-scale solar and 14% to wind energy additions, setting new benchmarks for rapid, large-scale renewable energy deployment.' He said, 'We are progressing well to develop the world's largest renewable energy plant of 30 GW by 2029 at Khavda, Gujarat having operationalized 4.1 GW of solar and wind capacity within two years of commencing construction. We delivered high solar capacity utilisation factor (CUF) of 32.4% in Q4 FY25. This underscores the site's high resource potential harnessed by deploying advanced technologies such as bifacial n-type modules, horizontal single-axis trackers (HSAT), and waterless robotic cleaning systems. Aligned with our circular economy framework, we achieved water positivity across our entire operational portfolio ahead of our FY26 target, a testament of our commitment to achieve the ESG objectives.' According to the release, AGEL has consistently expanded its greenfield capacities backed by advanced resource planning, engineering, and supply chain management, with project management, execution and assurance from our partners, Adani Infra India Ltd (AIIL). 'Operational Capacity expanded by an impressive 30% YoY to 14.2 GW and to increase to 15.2 GW with an additional 1 GW near completion, putting us on track to achieve 50 GW target. The greenfield additions in FY25 included 1,460 MW of solar capacity and 599 MW wind capacity in Khavda, 1,000 MW of solar capacity in Rajasthan and 250 MW of solar capacity in Andhra Pradesh,' it said. The energy sales increased by 28% YoY propelled by the robust capacity additions and strong operational performance, it said. According to the release, AGEL's operations and maintenance (O&M) leverage sophisticated data analytics, enhanced by machine learning and artificial intelligence, in collaboration with our O&M partners, Adani Infra Management Services Pvt Ltd (AIMSL). 'AGEL has consistently generated electricity exceeding the overall annual commitment under the power purchase agreements (PPA). In FY25, AGEL's PPA based electricity generation was 107% of the annual commitment,' said the release. 'AGEL's O&M is driven by advanced technology with Energy Network Operation Center enabling real time monitoring of the renewable plants across the country. This has not only enabled consistent higher plant availability in turn resulting in higher electricity generation but also led to reduction in O&M cost resulting in industry-leading EBITDA margin of 92%,' the company said. AGEL is developing a massive 30 GW renewable energy plant at Khavda in Gujarat. This is spread over an area of 538 sq km, almost 5 times the city of Paris. This project will set a global benchmark for the development of ultra large-scale renewable energy plants. It noted that, in a mere 2 years from breaking ground, AGEL has operationalized 4.1 GW solar and wind capacity. With robust manpower deployment, localized supply chain and advanced technologies like robotic solar module installation, AGEL is on a firm track to achieve 30 GW RE capacity in Khavda by 2029 setting a global benchmark for the speed of execution at such a large scale. AGEL refinanced USD 1.06 Billion (Bn) maiden construction facility with long-term financing. AGEL refinanced its maiden construction facility, instrumental in developing the world's largest solar-wind hybrid renewable cluster in Rajasthan. This long-term financing represents door-to-door tenure of 19 years with fully amortized debt structure and is well aligned with the cash flow lifecycle of the underlying asset portfolio. On the back of the strong operational performance track record, the facility has been rated AA+ by three domestic rating agencies. This breakthrough completes the capital management program for the underlying asset portfolio. This strategic program has proven to be the main catalyst for AGEL's sustained growth and is vital to achieving its long-term growth objectives. AGEL is committed to its ESG goals and has continued to retain its top ESG rankings. It was ranked 3rd in FTSE Russell ESG assessment in the Alternative Electricity Subsector, secured the 1st rank in Asia and is amongst the top 5 globally in the renewable energy (RE) sector in ISS ESG's latest assessment, and is also amongst the top 10 in the RE sector globally in Sustainalytics's ESG assessment. Additionally, AGEL achieved the 1st rank in the power sector for the third consecutive year as per the recent ESG score published by CRISIL. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.
NDTV
29-04-2025
- Business
- NDTV
Adani Green's EBITDA Grew By 22%, Energy Sales By 28%
Ahmedabad (Gujarat): Adani Green Energy Ltd (AGEL), India's largest and fastest-growing pure-play renewable energy (RE) company, has announced financial results for the period ending 31 March 2025, showcasing significant growth and operational excellence, according to a release. The company's EBITDA grew by 22 per cent annually, reaching Rs 8,818 crores, it said. The company also informed that its Energy Sales increase by 28% YoY to 27,969 million units, equivalent to half of Singapore's annual power consumption. The Revenue Growth Increased by 23% YoY to Rs. 9,495 crores. It has achieved EBITDA margin of 91.7% and Cash Profit Surge by 22% YoY to Rs. 4,871 crores Strong revenue, EBITDA and Cash profit growth is primarily backed by robust greenfield capacity addition of 3.3 GW, deployment of advanced RE technologies and superior plant performance. Sagar Adani, Executive Director, Adani Green Energy, said, "We are playing a pivotal role in India's renewable energy growth, which is evident from our historic 3.3 GW greenfield capacity addition in FY25. We contributed 16% to the nation's utility-scale solar and 14% to wind energy additions, setting new benchmarks for rapid, large-scale renewable energy deployment." He said, "We are progressing well to develop the world's largest renewable energy plant of 30 GW by 2029 at Khavda, Gujarat having operationalized 4.1 GW of solar and wind capacity within two years of commencing construction. We delivered high solar capacity utilisation factor (CUF) of 32.4% in Q4 FY25. This underscores the site's high resource potential harnessed by deploying advanced technologies such as bifacial n-type modules, horizontal single-axis trackers (HSAT), and waterless robotic cleaning systems. Aligned with our circular economy framework, we achieved water positivity across our entire operational portfolio ahead of our FY26 target, a testament of our commitment to achieve the ESG objectives." According to the release, AGEL has consistently expanded its greenfield capacities backed by advanced resource planning, engineering, and supply chain management, with project management, execution and assurance from our partners, Adani Infra India Ltd (AIIL). "Operational Capacity expanded by an impressive 30% YoY to 14.2 GW and to increase to 15.2 GW with an additional 1 GW near completion, putting us on track to achieve 50 GW target. The greenfield additions in FY25 included 1,460 MW of solar capacity and 599 MW wind capacity in Khavda, 1,000 MW of solar capacity in Rajasthan and 250 MW of solar capacity in Andhra Pradesh," it said. The energy sales increased by 28% YoY propelled by the robust capacity additions and strong operational performance, it said. According to the release, AGEL's operations and maintenance (O&M) leverage sophisticated data analytics, enhanced by machine learning and artificial intelligence, in collaboration with our O&M partners, Adani Infra Management Services Pvt Ltd (AIMSL). "AGEL has consistently generated electricity exceeding the overall annual commitment under the power purchase agreements (PPA). In FY25, AGEL's PPA based electricity generation was 107% of the annual commitment," said the release. "AGEL's O&M is driven by advanced technology with Energy Network Operation Center enabling real time monitoring of the renewable plants across the country. This has not only enabled consistent higher plant availability in turn resulting in higher electricity generation but also led to reduction in O&M cost resulting in industry-leading EBITDA margin of 92%," the company said. AGEL is developing a massive 30 GW renewable energy plant at Khavda in Gujarat. This is spread over an area of 538 sq km, almost 5 times the city of Paris. This project will set a global benchmark for the development of ultra large-scale renewable energy plants. It noted that, in a mere 2 years from breaking ground, AGEL has operationalized 4.1 GW solar and wind capacity. With robust manpower deployment, localized supply chain and advanced technologies like robotic solar module installation, AGEL is on a firm track to achieve 30 GW RE capacity in Khavda by 2029 setting a global benchmark for the speed of execution at such a large scale. AGEL refinanced USD 1.06 Billion (Bn) maiden construction facility with long-term financing. AGEL refinanced its maiden construction facility, instrumental in developing the world's largest solar-wind hybrid renewable cluster in Rajasthan. This long-term financing represents door-to-door tenure of 19 years with fully amortized debt structure and is well aligned with the cash flow lifecycle of the underlying asset portfolio. On the back of the strong operational performance track record, the facility has been rated AA by three domestic rating agencies. This breakthrough completes the capital management program for the underlying asset portfolio. This strategic program has proven to be the main catalyst for AGEL's sustained growth and is vital to achieving its long-term growth objectives. AGEL is committed to its ESG goals and has continued to retain its top ESG rankings. It was ranked 3rd in FTSE Russell ESG assessment in the Alternative Electricity Subsector, secured the 1st rank in Asia and is amongst the top 5 globally in the renewable energy (RE) sector in ISS ESG's latest assessment, and is also amongst the top 10 in the RE sector globally in Sustainalytics's ESG assessment. Additionally, AGEL achieved the 1st rank in the power sector for the third consecutive year as per the recent ESG score published by CRISIL. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Hans India
29-04-2025
- Business
- Hans India
Adani Green surpasses $1 bn in EBITDA
Hyderabad: Adani Green Energy Ltd (AGEL) on Monday posted robust FY25 results, surpassing $1 billion in EBITDA, as operational renewable energy (RE) capacity grew a healthy 30 per cent to 14.2 GW (year-on-year), which continues to be India's largest. The Adani Group company reported greenfield addition of 3.3 GW in FY25, India's highest ever by any RE firm, and contributed 16 per cent of nationwide utility-scale solar and 14 per cent of wind installations last fiscal. Energy sales were up by 28 per cent (on-year) to 27,969 million units, equivalent to half of Singapore's annual power consumption, according to the company. While revenue growth increased by 23 per cent YoY to Rs 9,495 crore, EBITDA growth rose by 22 per cent to Rs 8,818 crore, which is an industry-leading EBITDA margin of 91.7 per cent. Adani Green Energy Executive Director Sagar Adani said: 'We are playing a pivotal role in India's renewable energy growth, which is evident from our historic 3.3 GW greenfield capacity addition in FY25.' 'We contributed 16 per cent to the nation's utility-scale solar and 14 per cent to wind energy additions, setting new benchmarks for rapid, large-scale renewable energy deployment. We are progressing well to develop the world's largest renewable energy plant of 30 GW by 2029 at Khavda, Gujarat, having operationalised 4.1 GW of solar and wind capacity within two years of commencing construction,' Sagar Adani informed. He further stated that the company delivered a high solar capacity utilisation factor (CUF) of 32.4 per cent in Q4 FY25. 'This underscores the site's high resource potential harnessed by deploying advanced technologies such as bifacial n-type modules, horizontal single-axis trackers (HSAT), and waterless robotic cleaning systems. Aligned with our circular economy framework, we achieved water positivity across our entire operational portfolio ahead of our FY26 target, a testament of our commitment to achieve the ESG objectives,' Sagar Adani noted. According to the company, its cash profit surged 22 per cent YoY to Rs 4,871 crore in FY25.
Times of Oman
29-04-2025
- Business
- Times of Oman
Adani Green surpasses $1bn in EBITDA; reports robust FY25 results
Ahmedabad: Adani Green Energy Ltd (AGEL), India's largest and fastest-growing pure-play renewable energy (RE) company, has announced financial results for the period ending 31 March 2025, showcasing significant growth and operational excellence, according to a release. The company's EBITDA grew by 22 per cent annually, reaching Rs 8,818 crores, it said. The company also informed that its Energy Sales increase by 28% YoY to 27,969 million units, equivalent to half of Singapore's annual power consumption. The Revenue Growth Increased by 23% YoY to Rs. 9,495 crores. It has Achieved EBITDA margin of 91.7% and Cash Profit Surge by 22% YoY to Rs. 4,871 crores Strong revenue, EBITDA and Cash profit growth is primarily backed by robust greenfield capacity addition of 3.3 GW, deployment of advanced RE technologies and superior plant performance. Sagar Adani, Executive Director, Adani Green Energy, said,"We are playing a pivotal role in India's renewable energy growth, which is evident from our historic 3.3 GW greenfield capacity addition in FY25. We contributed 16% to the nation's utility-scale solar and 14% to wind energy additions, setting new benchmarks for rapid, large-scale renewable energy deployment." He said, "We are progressing well to develop the world's largest renewable energy plant of 30 GW by 2029 at Khavda, Gujarat having operationalized 4.1 GW of solar and wind capacity within two years of commencing construction. We delivered high solar capacity utilisation factor (CUF) of 32.4% in Q4 FY25. This underscores the site's high resource potential harnessed by deploying advanced technologies such as bifacial n-type modules, horizontal single-axis trackers (HSAT), and waterless robotic cleaning systems. Aligned with our circular economy framework, we achieved water positivity across our entire operational portfolio ahead of our FY26 target, a testament of our commitment to achieve the ESG objectives." According to the release, AGEL has consistently expanded its greenfield capacities backed by advanced resource planning, engineering, and supply chain management, with project management, execution and assurance from our partners, Adani Infra India Ltd (AIIL). "Operational Capacity expanded by an impressive 30% YoY to 14.2 GW and to increase to 15.2 GW with an additional 1 GW near completion, putting us on track to achieve 50 GW target. The greenfield additions in FY25 included 1,460 MW of solar capacity and 599 MW wind capacity in Khavda, 1,000 MW of solar capacity in Rajasthan and 250 MW of solar capacity in Andhra Pradesh," it said. The energy sales increased by 28% YoY propelled by the robust capacity additions and strong operational performance, it said. According to the release, AGEL's operations and maintenance (O&M) leverage sophisticated data analytics, enhanced by machine learning and artificial intelligence, in collaboration with our O&M partners, Adani Infra Management Services Pvt Ltd (AIMSL). "AGEL has consistently generated electricity exceeding the overall annual commitment under the power purchase agreements (PPA). In FY25, AGEL's PPA based electricity generation was 107% of the annual commitment," said the release. "AGEL's O&M is driven by advanced technology with Energy Network Operation Center enabling real time monitoring of the renewable plants across the country. This has not only enabled consistent higher plant availability in turn resulting in higher electricity generation but also led to reduction in O&M cost resulting in industry-leading EBITDA margin of 92%," the company said. AGEL is developing a massive 30 GW renewable energy plant at Khavda in Gujarat. This is spread over an area of 538 sq km, almost 5 times the city of Paris. This project will set a global benchmark for the development of ultra large-scale renewable energy plants. It noted that, in a mere 2 years from breaking ground, AGEL has operationalized 4.1 GW solar and wind capacity. With robust manpower deployment, localized supply chain and advanced technologies like robotic solar module installation, AGEL is on a firm track to achieve 30 GW RE capacity in Khavda by 2029 setting a global benchmark for the speed of execution at such a large scale. AGEL refinanced USD 1.06 Billion (Bn) maiden construction facility with long-term financing. AGEL refinanced its maiden construction facility, instrumental in developing the world's largest solar-wind hybrid renewable cluster in Rajasthan. This long-term financing represents door-to-door tenure of 19 years with fully amortized debt structure and is well aligned with the cash flow lifecycle of the underlying asset portfolio. On the back of the strong operational performance track record, the facility has been rated AA+ by three domestic rating agencies. This breakthrough completes the capital management program for the underlying asset portfolio. This strategic program has proven to be the main catalyst for AGEL's sustained growth and is vital to achieving its long-term growth objectives. AGEL is committed to its ESG goals and has continued to retain its top ESG rankings. It was ranked 3rd in FTSE Russell ESG assessment in the Alternative Electricity Subsector, secured the 1st rank in Asia and is amongst the top 5 globally in the renewable energy (RE) sector in ISS ESG's latest assessment, and is also amongst the top 10 in the RE sector globally in Sustainalytics's ESG assessment. Additionally, AGEL achieved the 1st rank in the power sector for the third consecutive year as per the recent ESG score published by CRISIL.
