Adani Green Energy surges in new project acquisitions
Gautam Adani concentrates on green energy as profits surge
The clean energy division of billionaire Gautam Adani claimed record fourth-quarter profits as the conglomerate prioritised renewable energy in reaction to the explosive study from Hindenburg Research. According to a statement made public, the top renewable energy business in India, Adani Green Energy Ltd., had its net income more than quadruple to Rs 5.07 billion in the three months that ended in March.
According to Chairman Adani, the company is hurrying the transition to sustainable energy and playing a pivotal role in fulfilling India's obligations to a greener future. Even..
Adani Energy Acquires Essar's Transmission Assets
Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.
The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..
IEX Q4 Net Profit Grows 9.5%
The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.
The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..