
Adani Green Energy Q1 profit jumps 51% to ₹323 cr; revenue up 41%
Sequentially, the consolidated net profit dropped 36.3% and total revenue fell 19.5% during the quarter under review.
Sequentially, the consolidated net profit dropped 36.3% and total revenue fell 19.5% during the quarter under review.
India's wind sector, going through a rough patch, is set for a rebound as the Centre tweaks auction policy, plans offshore wind projects and focuses on replacing old mills.
The smallcap stock has risen 385% in the last one year, from its 52-week low of ₹442.95 on June 23, 2022, to an all-time high of ₹2,150 intraday today.
The U.S. is leading the green spending charge with its Inflation Reduction Act, says Credit Suisse in a report.
When it comes to using renewable energy, Rajasthan and Gujarat are at the forefront, followed by Tamil Nadu, Karnataka, and Maharashtra.
Unlike onshore wind power mills where the capacity is less than 1MW, offshore wind power mills will have a minimum capacity of 13MW.
As of 22 November 2022, India's wind energy capacity was 41.8 GW and only 1.45 GW of wind capacity was added in 2021.
5GW of old windmills, mainly in Gujarat and Tamil Nadu, likely to be replaced.
Accelerate investment into low-carbon technologies beyond renewable energy.
The share price of Inox Green Energy Services, with a market cap of ₹1,298 crore, is down 28% from its IPO price of ₹65 apiece.