For the quarter ended March 31, Adani Green has reported a consolidated sales of ₹692.67 crore, up 38.14 % from last quarter sales of ₹501 crore and up 1.72 % from last year same quarter sales.
Adani Green Energy, a renewable company, was listed in June 2018. It has a market capitalisation of ₹57,947 crore and has grown by over 741% in the last one year. The energy company bagged a manufacturing-linked solar contract from the Solar Energy Corporation of India (SECI) to develop 8 GW of projects. The transaction was valued at ₹45,000 crore, or $6 billion on June 8. The share price since then has gone up by 24% growing from ₹29 to ₹369. The stock has a 52-week high of 486.75 and 52-week low of 42.50. In April, French energy major ‘Total SA’ invested around ₹3,707 crore for 50% partnership with Adani Green Energy for a joint venture that will house 2.148 gigawatts (GW) of operating solar power projects across 11 states in India.
As on June 30, 75% of the shares were held by the promoters and 25% by the public, shows BSE. On June 27, PTI reported that the company has received shareholders’ approval to raise ₹2,500 crore and their nod to have flexibility to infuse additional capital to tap capital markets and to raise additional long term resources, if necessary, for sustaining rapid growth in the business, for business expansion and to improve the financial leveraging strength of the firm.
For the quarter ended March 31, the company has reported a consolidated sales of ₹692.67 crore, up 38.14 % from last quarter sales of ₹501 crore and up 1.72 % from last year same quarter sales. Adani Green Energy has reported net profit after tax of ₹64.00 Crore in latest quarter.