Coal India Limited is moving ahead with a substantial Rs 67,000 crore investment to develop coal-fired power plants near its mines. This strategy aims to reduce transport costs and enhance economic efficiency by locating the plants close to coal mines, especially in Odisha. With the Indian government planning to add 88 gigawatts of thermal capacity […]
As global leaders gather at the UN Climate Change Conference (COP 28) in the UAE, Adani Power Ltd., India’s largest private sector power generator, announces a revolutionary step in its decarbonization efforts. The company has launched a green ammonia combustion pilot project at its Mundra plant, aligning with the global push to fast-track energy transition […]
Adani Energy Solutions Limited (“AESL”), a key player in India’s transmission and distribution sector, has made notable strides in its ESG (Environment, Social, & Governance) ratings for the July-September 2023 quarter (Q2FY24). The company has demonstrated substantial improvement across multiple performance parameters, as evidenced by ratings from various third-party firms. Impressive Scores from Leading ESG […]
Adani Energy Solutions Limited (AESL) has released its consolidated results for the second quarter of fiscal year 2024, showcasing a remarkable 46% increase in profit after tax (PAT) at Rs 284 crore. The operational earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw an upward trajectory, growing by 10% year-over-year (YoY) to Rs 1,368 […]
Adani Energy Solutions Limited (AESL), India’s foremost private energy utility, has accomplished the financial closure of a $1 billion initiative – the Green HVDC link project. This monumental Mumbai HVDC Project aims to intensify the city’s shift towards renewable energy by meeting the city’s escalating electricity needs, thereby contributing to a greener grid. Revolutionizing Financing […]
Adani Power has reported a profit before tax of INR 212 crores for the third quarter of the fiscal year 2023 (Q3 FY23), an increase of 4% compared to INR 204 crores for the same quarter of the previous fiscal year. The Adani Group subsidiary said that its consolidated total income for the reported quarter […]
Adani Transmission Ltd. (ATL) has signed a deal worth INR 1,913 crores with Essar Power Ltd. (EPL) to acquire the Mahan-Sipat transmission project, a 673km long operational inter-state connector between Madhya Pradesh and Chhattisgarh. The 400kV Mahan-Sipat transmission line is owned by Essar Power’s subsidiary — Essar Power Transmission. It is laid between Mahan in […]