Separately, AGEL today announced its operational and financial performance for the nine months ended December 31, 2024 (9M FY25).
AGEL's operational capacity surged by 37% year-on-year to 11,609 MW, driven by the addition of 2,693 MW of solar and 438 MW of wind power plants. Sale of energy increased by 23% year-on-year to 20,108 million units, underpinned by strong capacity additions. AGEL has demonstrated consistent growth in electricity generation, achieving a CAGR of 49% over the past four years with an increasing share of merchant power.
AGEL's portfolio demonstrates high plant availability and strong Capacity Utilization Factor (CUF), with solar, wind, and hybrid portfolios achieving 99.4%, 95.0%, and 99.7% plant availability, respectively. This translates to CUFs of 23.5% for solar, 29.2% for wind, and an impressive 39.8% for the hybrid portfolio. CUF measures how effectively a power plant (like a solar or wind farm) is actually producing electricity compared to its maximum potential output.
Further, AGEL signed a Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 5 GW of solar power over a 25-year period.
Adani Green Energy is a global leader in renewable energy, developing and operating solar, wind, hybrid, and hydro power plants across India. With the largest operating renewable portfolio in India at 11.7 GW, AGEL is committed to achieving 50 GW of renewable energy capacity by 2030.
The company's consolidated net profit declined 25.81% to Rs 276 crore despite a 37.55% increase in net sales to Rs 3,033 crore in Q2 FY25 as compared with Q2 FY24.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: