Net profit of Adani Green Energy declined 25.81% to Rs 276.00 crore in the quarter ended September 2024 as against Rs 372.00 crore during the previous quarter ended September 2023. Sales rose 37.55% to Rs 3033.00 crore in the quarter ended September 2024 as against Rs 2205.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3033.002205.00 38 OPM %72.7077.05 - PBDT1157.00903.00 28 PBT539.00429.00 26 NP276.00372.00 -26 Powered by Capital Market - Live News

Adani Green Energy will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live News

Adani Renewable Energy Three, a wholly-owned stepdown subsidiary of Adani Green Energy has entered into power consumption agreement (PCA) for supply of green power to a commercial and industrial (C&I) customer. The said green power shall be supplied from a new 61.4 MW renewable energy plant, located at Khavda, Gujarat.Powered by Capital Market - Live News

Adani Green Energy and TotalEnergies (a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity) have entered into a joint venture, pursuant to which the Company and TotalEnergies own a 50:50 stake in Adani Renewable Energy Sixty Four (ARE64L), which in-turn houses a 1,150 MWac project portfolio, being a mix of following operational and under execution solar assets, with a blend of both, merchant based and SECI PPA projects housed under Adani Renewable Energy Fifty Six (hereinafter referred to as �Project Portfolio Company�).As part of the transaction, TotalEnergies has acquired a 50% stake in ARE64L, for an amount of USD 444 Million which are terms more beneficial to the Company (Transaction) as also disclosed pursuant to the notice issued for calling an extraordinary general meeting of the shareholders issued on 02 September 2024. With this investment, ARE64L has now become 50-50 owned by the Company and TotalEnergies. Powered by Capital Market - Live News

Adani Green Energy (AGEL) has completed redemption of all outstanding USD 750 million 4.375% Holdco Notes due on 8 September 2024. This follows AGEL`s announcement, in January 2024, to fully backstop the Holdco Notes through a fully funded redemption reserve account maintained eight months prior to the redemption date to facilitate full redemption of Holdco Notes upon maturity in compliance with applicable guidelines.Issued in September 2021, the three-year Holdco Notes have supported AGEL`s high-growth objectives. During the period, AGEL`s capacity has increased more than three-fold � from 3.5 GW to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48%. AGEL`s overall capital management philosophy has remained focused on long-term value creation through asset development and positioned AGEL as a self-propelled growth engine. It also emphasizes the structured approach to accomplish credit metrics akin to investment grade profile for its underlying debt capital raise program. With this, AGEL is committed to having capital market issuances tailored for long-term infra asset class supported through the predictable and robust cashflow stream to attain long curve emulating underlying asset life.Powered by Capital Market - Live News