Adani Green generates Rs 26.55 bn profit in first 9 months of FY22

04 Feb 2022 CW Team

Adani Green Energy Limited (AGEL), a venture of Adani Group, has generated Rs 26.55 billion as profit from the power distribution in the first nine months (9M) of the financial year (FY) 2022.

It is a 56% boost compared to Rs 24.74 billion against last year.

In FY22, the cash profit of the firm stood at Rs 12.92 billion, a 47% year-on-year (YoY) growth, supported by an enhanced wind and solar capacity utilisation factor (CUF), important capacity addition of 2,460 MW, and its auction win to sign the largest green power purchase agreement (PPA) globally with Solar Energy Corporation of India (SECI).

The solar CUF improvement in 9M FY22 is backed by the integration of a high-quality SB Energy portfolio, constant availability of a high plant of 100%, and enhanced grid availability of 99%.

The profits before earnings before interest, taxes, depreciation, and amortization (EBITDA) from the power supply for 9M FY22 jumped by 56% to Rs 24.74 billion compared to the last year.

The cash earnings for Q3 FY22 stood at Rs 4.32 billion, 52% higher compared to Rs 2.85 billion in Q2 FY21.

The renewable energy firm generated Rs 9.73 billion as revenue from the power supply, an increase of 65% compared to Rs 5.91 billion throughout the same time last year.

For Q3, the EBITDA stood 68% higher to Rs 8.95 billion, compared to Rs 5.32 billion at the same time last year.

AGEL has also signed the UN-Energy Compact committing to develop and utilise renewable energy generation capacity of 25 GW by 2025, 45 GW by 2030, and maintain the average tariff under the Average Power Purchase Cost (APPC) at the national level.

Image Source

Also read: Adani Green inks pact with SECI to supply 4,667 MW green power

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..