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Adani Green Energy Q3FY24 Results: Net profit 148.5% YoY at ₹256 crores, sales up 40%

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  Financial results for the quarter and nine months ended December 31, 2023, and were published by Adani Green Energy, the renewable energy arm of the Gautam Adani’s Adani Group. Compared to the previous year's corresponding quarter, the company's consolidated net profit increased by 148.54% to ₹256 crore in Q3FY23. The consolidated net profit fell 31% when looking at it sequentially.   In the third quarter, the company's consolidated revenue from operations increased by 40.30% year-on-year, reaching 1,765 crores from 1,258 crores in the previous year's quarter.   A strong capacity increase of 1,154 MW over the previous year and an enhanced capacity utilisation factor (CUF) contributed to the company's energy sales, which rose by an impressive 59% year-on-year to 16,293 million units, as reported in the financial report.   Projects included 304 MW of wind, 150 MW of solar, and 700 MW of solar-wind hybrid, increased the company's operating capacity to 8,4
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Adani transmission will take Mumbai to 60% renewable power

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  The future of energy is green, and   this initiative by the Adani group is leading the way toward transforming Mumbai's power landscape. With a vision of sustainability and innovation, Adani Transmission has embarked on a bold mission to propel Mumbai towards achieving 60% renewable power. Through strategic investments in renewable energy projects and advanced transmission infrastructure, Adani is poised to revolutionize the city's energy mix, reducing carbon emissions and setting an exemplary model for other metropolitan areas. Embracing Renewable Energy Sources Gautam Adani has taken a proactive approach to embracing renewable energy sources, recognizing their potential to provide clean, sustainable power for Mumbai. By focusing on solar, wind, and other green energy alternatives, Adani Transmission has been instrumental in reducing the city's dependence on fossil fuels and lowering its carbon footprint. Integrating these renewable sources into the city's power
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