Ahmedabad, June 7 (IANS) Global brokerage Jefferies has maintained a bullish outlook on key Adani Group power and infrastructure companies, including Adani Green Energy, Adani Power, and Adani Energy Solutions, citing strong capacity expansion plans, robust demand visibility, and improving execution momentum across businesses.In its latest note, Jefferies said it remains positive on Adani Green Energy Limited with a “Buy” rating and a price target of Rs 1,435, implying limited near-term upsi…
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Ahmedabad, June 2 (IANS) Adani Portfolio on Tuesday announced it has delivered the highest annual capex by any Indian corporate at Rs 1,52,967 crore ($16.1 billion) in FY26, with asset base now standing at Rs 7,85,098 crore ($82.2 billion), reflecting accelerated investment cycle.EBITDA for FY26 reached an all-time high of Rs 94,834 crore ($10 billion), up 5.6 per cent year-on-year — with core infrastructure contributing 87 per cent of earnings.Nearly 80 per cent of investments were directed to…
Ahmedabad, May 26 (IANS) Adani Green Energy Ltd (AGEL) on Tuesday said it has commissioned a cumulative 3.37 gigawatt-hour (GWh) Battery Energy Storage System (BESS), the world’s largest single-location battery storage deployment outside China and among the fastest executed globally.The deployment includes the 1.37 GWh capacity commissioned in March 2026, taking AGEL’s total operational BESS capacity at Khavda, Gujarat to 3.37 GWh, the Adani Group company said in a statement. “Large-scale …
New Delhi, May 1 (IANS) Adani Group Chairman Gautam Adani said on Friday that the Group would add another Rs 2 lakh crore in new assets within this year as part of the accelerated growth that is taking place across its businesses.Addressing 4 lakh employees of the Adani Group on International Labour Day, Gautam Adani said, “In our first 35 years, we collectively built assets worth approximately Rs 2 lakh crore. And today, such is our standing that within this single year alone, we are going to…
Ahmedabad, May 1 (IANS) Gautam Adani, Chairman of the Adani Group, on Friday outlined a growth strategy centred on worker welfare, local employment and entrepreneurship, as the conglomerate accelerates capital expenditure (capex) backed by strong liquidity.Addressing the workforce across the Group on International Labour Day, Gautam Adani said the organisation, which operates more than 700 assets across 24 states and engages nearly 4,00,000 employees, partners and contractors, will measure its p…
New Delhi, April 29 (IANS) Prominent renewable energy firm Adani Green Energy is aligning all its capacity expansion plans with its target of achieving 50 GW of renewable energy capacity by 2030, Executive Director Sagar Adani said on Wednesday.Speaking to the media on the sidelines of the ‘Resilient Futures Summit 2026’, he said every incremental addition to capacity is being planned in line with this long-term goal.The Executive Director of the company highlighted that Adani Group Chairman Gau…
Ahmedabad, April 24 (IANS) Renewable energy major Adani Green Energy on Friday reported a strong performance for the March quarter of FY26, with its consolidated net profit rising 34 per cent year-on-year to Rs 514 crore, aided by strong EBITDA growth.The company had posted a net profit of Rs 383 crore in the corresponding quarter of the previous financial year, according to its stock exchange filing.Revenue from core operations during the January-March quarter also saw a healthy increase of 14 …
Ahmedabad, April 1 (IANS) Adani Green Energy Limited (AGEL) on Wednesday said it added over 5 GW (5,051 MW) of renewable energy capacity in the financial year 2025–26, taking its total operational portfolio to 19.3 gigawatts (GW).It is the highest greenfield annual capacity expansion globally by any company, excluding China.The new capacity addition includes 3.4 GW (3,409 MW) of solar, 0.7 GW (686 MW) of wind, and 1 GW (956 MW) of wind-solar hybrid capacity. It is expected to offset around 10 …
Vav-Tharad (Gujarat), March 31 (IANS) Prime Minister Narendra Modi on Tuesday inaugurated and laid the foundation stones for development projects worth Rs 19,806.9 crore at a ceremony in Vav‑Tharad in North Gujarat. The projects, undertaken by the central and state governments, span energy, transport, railways, urban infrastructure and housing, reflecting a major investment in the region’s socio‑economic landscape.The inauguration drew senior state leaders, including Gujarat Chief Minister…
Vav-Tharad (Gujarat), March 30 (IANS) Prime Minister Narendra Modi will inaugurate and lay foundation stones for development projects worth Rs 19,806.9 crore during a visit to Gujarat on March 31, with investments spanning renewable energy, transport, railways and urban infrastructure.The programme, to be held at Vav-Tharad, will cover projects of both the Central and state governments.Chief Minister Bhupendra Patel and Deputy Chief Minister Harsh Sanghavi are scheduled to attend, along with sen…