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India Gazette
22-05-2025
- Business
- India Gazette
Adani Group posts stellar 2024-25 performance; EBITDA hits all-time high
Ahmedabad (Gujarat) [India], May 22 (ANI): Adani Group has posted a stellar performance in the recently concluded financial year 2024-25 with its EBITDA hitting an all-time high of Rs 90,000 crore (USD 10.5 billion). It also made a record capital expenditure of Rs 126,000 crore (USD 14.7 billion) in 2024-25. Its Profit After Tax (PAT) rose to an all-time high of Rs 40,565 crore in 2024-25. The conglomerate as a whole witnessed a Return on Asset of 16.5 per cent, which it claimed to be one of the highest globally in the infrastructure space. 'Prudent capital allocation has led to steady Return on Asset (ROA) at 16 per cent, showcasing no compromise on ROA to achieve high growth,' it said in a statement. On Thursday, Adani Portfolio released 2024-25 results and credit compendium covering all its listed entities, summarising the key developments across the portfolio companies. 'A key highlight of FY25 is the continued industry-beating Return on Assets of 16.5 per cent, which is amongst the highest in any infrastructure business globally, underpinning the attractive asset base and the execution capabilities of the Adani Portfolio to continuously churn out the best quality assets across sub sectors,' said Jugeshinder 'Robbie' Singh, GCFO, Adani Group. 'Additionally, we have undertaken various initiatives related to governance and ESG, viz. Tax Transparency report released by all portfolio companies, in addition to all the other initiatives introduced over the past years, resulting in industry-best ESG scores and performance by international ESG rating agencies,' he added. Here are some of the company-wise key highlights for 2024-25: Adani Enterprises: ANIL Solar Module sale increased 59 per cent year-on-year to 4263 MW. Expansion of the TopCon module and cell line for an additional capacity of 6 GW has started. Pax movements across Adani Airports rose by 7 per cent year-on-year to 94.4 million and cargo movements was up by 8 per cent year-on-year to 1.09 million tonne. Highest ever 2,410.1 Lane-KMs were constructed in the road business. 7 out of 8 under-construction projects are now 70 per cent complete. 500 KTPA (Kilo Tonnes per Annum) Copper smelter at Mundra is now operational and will be fully ramped up in the coming months. Adani Green Energy: Operational capacity increased by 30 per cent to 14,243 MW with the addition of 2,710 MW solar and 599 MW wind power plants. Adani Energy Solutions: Transmission order book increased 3.5x to Rs 59,936 crore (USD 7 billion) from Rs 17,000 crore (USD 2 billion) a year ago. Won seven new transmission projects during 2024-25, including Rajasthan Phase III Part-I (Bhadla - Fatehpur HVDC transmission line). This is the AESL's largest order win to date. Adani Power: Power generation at 102 billion units was 20 per cent higher year-on-year. Operational capacity has now increased to 17.5 GW, taking Adani's total utility portfolio to over 30 GW. Adani Power: Power generation at 102 billion units was 20 per cent higher year-on-year. Operational capacity has now increased to 17.5 GW, taking Adani's total utility portfolio to over 30 GW. Ambuja Ltd ACL has now crossed 100 MTPA capacity--an increase of 21 MTPA since 2023-24 end. (ANI)
Time of India
22-05-2025
- Business
- Time of India
Adani Group posts stellar 2024-25 performance; EBITDA hits all-time high
Ahmedabad: AdGroup has posted a stellar performance in the recently concluded financial year 2024-25 with its EBITDA hitting an all-time high of ₹90,000 crore. It also made a record capital expenditure of ₹126,000 crore in 2024-25. Its Profit After Tax (PAT) rose to an all-time high of ₹40,565 crore in 2024-25. The conglomerate as a whole witnessed a Return on Asset of 16.5 per cent, which it claimed to be one of the highest globally in the infrastructure space. "Prudent capital allocation has led to steady Return on Asset (ROA) at 16 per cent, showcasing no compromise on ROA to achieve high growth," it said in a statement. On Thursday, Adani Portfolio released 2024-25 results and credit compendium covering all its listed entities, summarising the key developments across the portfolio companies. "A key highlight of FY25 is the continued industry-beating Return on Assets of 16.5 per cent, which is amongst the highest in any infrastructure business globally, underpinning the attractive asset base and the execution capabilities of the Adani Portfolio to continuously churn out the best quality assets across sub sectors," said Jugeshinder 'Robbie' Singh, GCFO, Adani Group. "Additionally, we have undertaken various initiatives related to governance and ESG, viz. Tax Transparency report released by all portfolio companies, in addition to all the other initiatives introduced over the past years, resulting in industry-best ESG scores and performance by international ESG rating agencies," he added. Here are some of the company-wise key highlights for 2024-25: Adani Enterprises: ANIL Solar Module sale increased 59 per cent year-on-year to 4263 MW. Expansion of the TopCon module and cell line for an additional capacity of 6 GW has started. Pax movements across Adani Airports rose by 7 per cent year-on-year to 94.4 million and cargo movements was up by 8 per cent year-on-year to 1.09 million tonne. Highest ever 2,410.1 Lane-KMs were constructed in the road business. 7 out of 8 under-construction projects are now 70 per cent complete. 500 KTPA (Kilo Tonnes per Annum) Copper smelter at Mundra is now operational and will be fully ramped up in the coming months. Adani Green Energy: Operational capacity increased by 30 per cent to 14,243 MW with the addition of 2,710 MW solar and 599 MW wind power plants. Adani Energy Solutions: Transmission order book increased 3.5x to ₹59,936 crore from ₹17,000 crore a year ago. Won seven new transmission projects during 2024-25, including Rajasthan Phase III Part-I (Bhadla - Fatehpur HVDC transmission line). This is the AESL's largest order win to date. Adani Power: Power generation at 102 billion units was 20 per cent higher year-on-year. Operational capacity has now increased to 17.5 GW, taking Adani's total utility portfolio to over 30 GW. Ambuja Ltd ACL has now crossed 100 MTPA capacity--an increase of 21 MTPA since 2023-24 end.
Business Standard
14-05-2025
- Business
- Business Standard
Built on Reliability, Growing with Integrity: SSE's Enduring Mission in a Changing World
While receiving the most trusted brand award Mr. Manmohan Awasthi (Group President – Finance) recalled the journey of Chairman and Managing Director Shri Visweswara Reddy from a modest operation in 1994 focused on repair of distribution transformers, to becoming one of India's premier transformer manufacturers, has been grounded in a singular commitment 'quality, reliability and service'. Mr. Awasthi further added that as we venture into global markets and integrated solar module manufacturing, we recognize that growth brings new challenges. However, it also offers opportunities to reaffirm and evolve our founding mission and to ensure our original values remain central in this new chapter of our journey. Reliability and Service have always been about more than just technology they're about people. From the beginning, we earned trust by standing shoulder to shoulder with our customers, understanding their needs, and delivering dependable solutions. That approach hasn't changed. Today, whether we are supplying transformers to a utility or exporting to several countries, we continue to emphasize active engagement with customers. We invest in understanding the specific needs of each segment, customizing our offerings accordingly, and maintaining open channels for feedback. This ensures that our solutions aren't just technologically advanced, but also practically relevant and user-centric. A reliable product begins with a reliable process. We have embedded quality and accountability into every stage of our operations, be it in manufacturing, R&D, or customer service. Our facilities are ISO-certified and adhere to rigorous international standards, including BIS, IEC, and TUV certifications. This is reinforced with the fact that SSE was awarded National Energy Conservation Award (NECA) twice by Government of India. As we enter the solar module manufacturing space, we have adopted state-of-the-art machinery and automation techniques to ensure precision and consistency. Yet, what truly safeguards our mission is the culture we've built around quality. Every employee at SSE Group, from factory floor to boardroom, understands that their work impacts a larger promise made to every customer: uncompromised performance and lasting trust. Our expansion into solar energy is driven by the same spirit that guided our early efforts, we now aim to service industries, businesses, and communities with clean, renewable energy. We're integrating advanced technologies like high-efficiency PERC and TopCon cells, AI- driven monitoring systems, and automated quality inspection to offer superior solar modules. But technology alone does not define our identity. We continue to prioritize responsive service, ethical practices, and long-term partnerships, ensuring that our human values drive our technological pursuits, not the other way around. As we grow globally, it becomes crucial to ensure our internal culture reflects our mission. We actively invest in employee development, nurturing a workforce that is not only skilled but also aligned with our core values of integrity, responsibility, and service. Regular training programs, value-based leadership development, and open forums for dialogue ensure that our people regardless of role or location act as ambassadors of our founding mission. Our hiring practices also reflect this priority: we seek individuals who not only bring expertise but also a passion for impact and purpose. Our roots in transformer sector have made us acutely aware of the broader role that industry must play in societal development. Reliability, to us, also means being a reliable partner in nation-building and environmental stewardship. Our foray into solar energy is not just a business decision it is a commitment to sustainability. From using eco-friendly manufacturing practices to supporting local communities, we are aligning our growth with the needs of both people and the planet. We continue to engage in CSR initiatives focused on rural upliftment, education, and healthcare. These efforts are not peripheral they are intrinsic to our business philosophy. As we expand internationally, we are conscious of the heightened expectations regarding governance, ethics, and performance. To maintain trust on a global scale, we emphasize transparency in operations, robust compliance frameworks, and proactive communication with all stakeholders. We also partner with credible institutions, auditors, and certification bodies to ensure that our practices are aligned with global best standards. This isn't just about meeting market requirements it's about embodying the same trustworthiness abroad that made us successful at home. Staying true to our mission of reliability and service is not a static effort it's a dynamic, deliberate process. At Shirdi Sai Electricals, we understand that authenticity is not about clinging to the past, but about carrying its essence forward with integrity, innovation, and humility. Whether we're delivering transformers, conductors or solar modules, we act with the same conviction that defined our beginnings: to serve with trust, to build with quality, and to grow with purpose. That's how we ensure our mission remains not only relevant, but resilient, in a rapidly changing world.
Business Standard
28-04-2025
- Business
- Business Standard
Saatvik Green Energy Limited showcases Advanced Solar Manufacturing Solutions at RenewX 2025 in Chennai
VMPL New Delhi [India], April 28: Saatvik Green Energy Limited (SGEL), one of India's fastest growing module manufacturing companies, participated in RenewX 2025 from April 23-25 at the Chennai Trade Centre, Nandambakkam. The Company is one of the fastest growing module manufacturing companies in India and has established itself as one of the key players in India's solar energy market. The Company offers modules based on polycrystalline cell technology, monocrystalline cell technology, bifacial technology, M12 technology and advanced Tunnel Oxide Passivated Contact ("TopCon") technology which helps reduce energy loss and enhances overall efficiency. At RenewX, Saatvik showcased its N-TopCon and N- TopCon G12R solar modules, available in monofacial and bifacial options, suited for residential, commercial, and utility-scale projects. The company also highlighted its turnkey EPC capabilities, which include engineering, procurement, construction, and operations & maintenance services for ground-mounted and rooftop solar installations. Saatvik Solar is one of India's leading module manufacturers, in terms of operational solar PV module manufacturing capacity, with an operational capacity of approximately 3.8 GW modules as of February 28, 2025. The Company currently operates three module manufacturing facilities in Ambala, Haryana spread across a total land area of 724,225 square feet, which together form one of the largest single location module manufacturing facilities in India. Speaking on the company's participation, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said, "RenewX offered a vital platform to engage with the fast-growing South Indian solar market. As Tamil Nadu continues to lead in renewable energy adoption, Saatvik was excited to showcase its solar modules and EPC strength." The Company has one of the most diversified client bases in the industry with presence in various segments (large utility, commercial and industrial, Open access, residential rooftop, solar pump) and across geographies (selling in all parts of India, North America, Africa and South Asia). Saatvik's Participation Highlights: * Presented N-TopCon modules for diverse applications. * Displaying Saatvik's expertise in executing EPC projects * Engaged with EPC players, industrial buyers, and developers across Tamil Nadu, Andhra Pradesh, Karnataka, and Kerala, and Telangana. The Company is one of the early adopters of new technology like N-type Topcon and Mono PERC in India. The Company recently launched G12R based Topcon modules and has started commercial production from January 2024. The Company is one of the first movers in the industry. The Company also offers end-to-end solutions through its Engineering, Procurement, and Construction (EPC) arm. The Company is one of the leading EPC companies in India with 69.12 MW of installed EPC base in Fiscal 2024. The Company is one of the few integrated players with capabilities in O & M, EPC, module manufacturing and is now planning to set up a cell manufacturing facility and solar pump manufacturing facility. The Company is one of the largest module manufacturers in North India, which is a lucrative market having high solar incidence area and proximity to states like Rajasthan and Madhya Pradesh. The Company had one of the highest capacity utilisation in Fiscal 2024 (more than 80%) whereas the normal industry utilization was around 60%. The Company commissioned a 61.42 MW floating solar power project at Ramagundam, Telangana in Fiscal 2023, which was one of India's largest floating solar power plants. The Company also commissioned a 12 MW installation for the Jindal Group under its EPC wing in Fiscal 2024, which was one of the largest single rooftop solar projects. About Saatvik Green Energy Limited Headquartered in Gurugram, Saatvik is one of India's leading module manufacturers, in terms of operational solar PV module manufacturing capacity, with an operational capacity of approximately 3.8 GW modules as of February 28, 2025. The company offers Mono PERC and N-TopCon modules, robust EPC services, and O & M capabilities. Its products cater to residential, commercial, industrial, and utility-scale segments with a focus on sustainability, reliability, and performance. Saatvik Green Energy Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offering of its equity shares and has filed a draft red herring prospectus dated March 13, 2025 ("DRHP") with the Securities and Exchange Board of India ("SEBI"). The DRHP is available on the website of SEBI at the Company at and the websites of the Book Running Lead Managers - DAM Capital Advisors Limited, Ambit Private Limited and Motilal Oswal Investment Advisors Limited at and respectively and the websites of BSE Limited and National Stock Exchange of India Limited at and respectively. Investors should note that investment in equity shares involves a high degree of risk and for details refer to the Red Herring Prospectus, including the section titled "Risk Factors" of the Red Herring Prospectus, when available. Potential investors should not rely on the DRHP for any investment decision. Media Contact Vineet Kumar Dhiman, Saatvik Solar | +91-9650043472 Ishank Garg, Adfactors PR | +91-9711035025 Supreet Ahuja, Adfactors PR | +91-9999202252 (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
ME Construction
13-02-2025
- Business
- ME Construction
Masdar announces partners for solar PV and BESS project
Infrastructure Masdar announces partners for solar PV and BESS project By The firm has said Jinko Solar and JA Solar are preferred suppliers for solar photovoltaic (PV) modules and CATL is the preferred supplier for the BESS Abu Dhabi Future Energy Company (Masdar) has announced the preferred suppliers and contractors to support the development of the world's first large-scale 'round the clock' gigascale project, which will combine solar photovoltaic (PV) power and battery storage to deliver uninterrupted renewable energy. JA Solar and Jinko Solar, two of the PV module suppliers, and CATL, the battery manufacturer and a battery energy storage system (BESS) supplier, are preferred suppliers for the project. Larsen & Toubro and POWERCHINA have been selected as preferred Engineering, Procurement and Construction (EPC) contractors for the project. Abdulaziz Alobaidli, Chief Operating Officer, Masdar, said: 'The record-breaking project we are developing with EWEC is a giant step forward in the clean energy transformation, overcoming the intermittency challenges of renewables and enabling the dispatch of clean energy 24 hours a day, seven days a week. As Masdar's largest and most ambitious project to date, we made sure we are working with the best possible partners that will deliver to the highest standards. I look forward to working with these preferred suppliers in setting a new global benchmark in clean energy innovation.' Jinko Solar and JA Solar are preferred suppliers for PV modules amounting to 2.6GW capacity each, with both companies utilising the latest TopCon technology with optimised parameters for maximum efficiency and production for 30 years. CATL would supply its TENER technology for the total capacity of 19GWh, which features all-round safety, a long service life, and a high level of integration, ensuring the reliable, stable operation and efficiency of the entire project lifetime. The solar PV and BESS facility will provide stability and efficiency by overcoming the intermittency of renewable energy. The 19GWh battery storage facility will enable seamless integration of solar power into the grid. This initiative also supports the UAE Energy Strategy 2050, and the facility will play a transformative role in energy systems, ensuring the UAE continues to lead by example in delivering towards the historic UAE Consensus agreed at COP28.
