HoABL Announces Rs 25B Investment in Vertical Real Estate with Three Key Projects

26 Apr 2025 CW Team

Adani Green Energy Ltd (AGEL) has commissioned an additional 48 MW wind power project in Khavda, Gujarat, through its wholly owned step-down arm, Adani Green Energy Twenty Four Ltd. The new capacity was added on April 17, 2025, and operations began the next day after securing all regulatory approvals.

With this addition, AGEL’s total installed and operational renewable energy capacity has reached 14,290.9 MW, reinforcing its position among India’s leading clean energy players.

Despite a 46 per cent drop in its stock over the past year, shares of AGEL gained 0.18 per cent in the last month.

In Q3FY25, AGEL reported an 85 per cent year-on-year rise in consolidated net profit to Rs 4.74 billion, up from Rs 2.56 billion a year ago. Revenue from operations edged up 2.3 per cent to Rs 23.65 billion, but EBITDA slipped 4 per cent to Rs 16 billion, with margins declining to 67.7 per cent from 72.1 per cent.

The company’s operational RE capacity rose 37 per cent year-on-year to 11.6 GW. In CY24, AGEL contributed 15 per cent of India’s total utility-scale solar additions and 12 per cent of its wind installations, according to the company.

Energy sales rose 23 per cent YoY to 20,108 million units, while overall revenue grew 18 per cent to Rs 68.29 billion. The company also reported a 23 per cent jump in cash profit at Rs 36.30 billion, along with an industry-leading EBITDA margin of 92.0 per cent.

Image source:indianexpress

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..