Adani Green Energy Posts Rs 22 Cr Profit Despite Pandemic

Adani Green Energy on Friday posted a consolidated net profit of Rs 21.75 crore for June quarter mainly on the back of higher revenues. Total income rose to Rs 878.14 crore in April-June 2020-21 from Rs 675.23 crore in the same period last year.

The net export (of electricity) increased to 1,382 million units in the first quarter, up 24 per cent from the year-ago period.

The firm is in the business of renewable energy.


Commenting on the results Gautam Adani, Chairman, Adani Green Energy said, “The growing domestic and international demand for cleaner and greener technology, has accelerated the green energy transition in the country and we are prepared to lead this change.”

This quarter, the company has cemented its place in the global renewable space by winning the world’s largest solar bid and with this it has been ranked as the largest solar power developer in the world by Mercom Capital, Adani said.

Across the plants, they had continued completely normal operations even in this pandemic situation and remain committed towards power supply being the ‘essential services.’

The construction activity continued across all the sites and has further enhanced. The company looks forward to continue its operations and construction work normally while pursuing all precautions for safety of all employees.

Reference- Adani Green Energy PR, PTI, Economic Time, Business Standard