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Adani to invest Rs 2.3 lakh Cr in renewable energy, manufacturing capacity
YourStory
·
1y ago
Medial
Adani Group plans to invest Rs 2.3 lakh crore by 2030 in India's largest renewable energy project. Adani Green Energy Ltd (AGEL) aims to expand solar and wind power capacity to 30 gigawatts in Khavda, Gujarat, and establish additional projects nationwide. Additionally, Adani New Industries Ltd (ANIL) will increase solar cell and wind turbine production in Mundra. This move marks a significant stride in India's renewable energy sector.
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Adani Group to invest $100 bn over five years in clean energy sector
Economic Times
·
1m ago
Medial
The Adani Group plans to invest $100 billion over the next five years in the clean energy sector, aiming to achieve a 100 GW energy generation capacity by 2030. The plan includes 31 GW from Adani Power and 45 GW from Adani Green Energy in renewable energy. Additionally, the Group is undertaking a significant urban rehabilitation project in Dharavi and advancing its ports, airports, and solar manufacturing projects, reinforcing its commitment to India's infrastructure development.
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Adani Green Energy shares rise 5% on FY25 business updates, check details
Business Today
·
3m ago
Medial
Adani Green Energy shares rose by 5.33% to Rs 941 on the BSE following updates on its FY25 business performance. The company's market capitalization reached Rs 1.47 lakh crore. The positive movement in stock price reflects growing investor confidence as the company continues to perform well in the renewable energy sector. Key contributors to this optimism include the addition of 3,309 MW from greenfield projects, enhancing operational capacity to 14,243 MW.
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Tycoon drives India’s push against China’s solar-energy dominance
Livemint
·
9m ago
Medial
India's Adani Group, founded by billionaire Gautam Adani, is establishing a solar supply chain to reduce its reliance on Chinese imports and meet India's renewable energy targets. The group plans to set up indigenous manufacturing of ingots, wafers, cells, and panels, and is constructing a solar farm that will cover an area over five times larger than Paris. India aims to install 500 gigawatts of renewable energy capacity by 2030 but is currently two-fifths of the way there. Adani Group's investments throughout the supply chain, including local manufacturing, offer opportunities to address the tension between renewable energy targets and reducing dependence on Chinese imports.
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Tata Power to invest ₹1.2 trillion in Rajasthan for power distribution, transmission and green transition | Mint
Livemint
·
10m ago
Medial
Tata Power has signed a MoU with the Rajasthan government to expand its renewable energy presence in the state. The agreement includes initiatives such as solar module manufacturing, EV charging infrastructure, nuclear power, and rooftop solar installations. Tata Power plans to invest Rs 1.2 trillion, with Rs 75,000 crore allocated to renewable energy projects, including 10 GW of capacity. The company will also invest in upgrading transmission and distribution infrastructure and establishing 100,000 EV charging points. The initiative aims to support Rajasthan's transformation into a power surplus state and create over 28,000 direct jobs.
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Tata Group to invest in electronic manufacturing unit, green energy sector in Assam
YourStory
·
5m ago
Medial
Tata Group plans to invest Rs 25,000 crore in an electronics manufacturing unit in Assam, focusing on semiconductor technology and green energy sectors. The investment aims to boost economic development, create 30,000 jobs, and establish a renewable energy partnership with the state government. Chairman Natarajan Chandrasekaran highlighted the semiconductor unit in Jagiroad as a key project, alongside initiatives for solar rooftops in 3 lakh households and generating 5 GW of renewable energy over six years.
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Adani Group’s 12-month trailing EBITDA up 34.4 per cent YoY
Thehindubusinessline
·
1y ago
Medial
The Adani group reported strong financial performance in 2023, with a 34.4% increase in EBITDA. The group aims to invest around $100 billion in renewable energy over the next few years. It ended 2023 with a cash balance of $4.5 billion and raised funds of ₹91,290 crore during the first nine months of FY24. Adani Enterprises houses emerging businesses like airports, green hydrogen, and data centers. Adani Green Energy plans to increase its renewable capacity from 9 GW to 45 GW by 2030. Adani Ports and Special Economic Zone recorded a cargo handling volume of 311 million tonnes in FY24.
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Adani Group’s 12-month trailing EBITDA up 34.4 per cent y-o-y
Thehindubusinessline
·
1y ago
Medial
Adani Group reported a 34.4% increase in its trailing 12-month EBITDA at ₹78,823 crore ($10.5 billion), with core infrastructure businesses contributing ₹66,208 crore ($8.8 billion). The group plans to invest approximately $100 billion in renewable energy transition over the next few years. Adani Enterprises, the group's incubator, oversees emerging businesses such as airports, green hydrogen, roads, data centres, and defence, contributing around 45% to the group's EBITDA. Adani Green Energy aims to increase its renewable capacity from 9 GW to 45 GW by 2030. Adani Ports and Special Economic Zone aims to handle 400 million tonnes of cargo this year.
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Adani Green to raise $1.12 bn to expand renewable energy capacity
VCCircle
·
1y ago
Medial
Adani Green Energy, an Indian renewable energy company, will receive a $1.12 billion investment from its key shareholders to expand its renewable power capacity. The company plans to issue 63.1 million warrants on a preferential basis, with each warrant convertible into an equity share. The funds will be used to reduce debts and accelerate investment in various projects. Adani Green aims to achieve its target of 45 GW renewable capacity by 2030, up from the current 8.4 GW. The company has already raised $3 billion for its renewable capacity.
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NHPC plans over ₹80,000 cr investment for 20GW PSP, eyes green energy arm listing by FY27 | Company Business News
Livemint
·
5m ago
Medial
NHPC Ltd, India's largest hydropower firm, plans to invest ₹84,000 crore to develop 20 GW of pumped storage capacity through joint ventures, totaling a capex of ₹1.2 trillion. By FY27, NHPC aims to list its renewable energy arm, NHPC Renewable Energy Ltd (NREL), after expanding its 261.7 MW renewable capacity, with another 1,490 MW under construction. The company also explores green hydrogen production and aims for 22 GW hydropower capacity by FY2034.
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Mumbai airport to solar panels: Why Adani needs another $1 billion
Livemint
·
1y ago
Medial
Adani Enterprises Ltd is reportedly in discussions with several investors in the US and Europe to raise around $1 billion for its airport and solar panel businesses. The funds would be used to expand the Mumbai airport's capacity and support the growth of the company's solar manufacturing operations. Adani plans to raise the bonds primarily from investors in the US and Europe within the next six months. The company has been focusing on green energy and aims to enhance its presence in the solar PV manufacturing sector to support India's renewable energy targets.
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