Adani Ports increases its ownership from 75% to 100% in Krishnapatnam Port by acquiring Vishwasamudra Holdings’ 25% stake for Rs. 2,800 Crs.

April 5, 2021 sanket

Adani Ports (APSEZ) acquires 25% from Vishwa Samudra Holdings in Krishnapatnam Port for RS. 2,800 Cr The 100% acquisition of Krishnapatnam Port implies a 10.3x multiple on FY21 EBITDA and further enhances shareholder value Krishnapatnam Port  being India’s second largest private sector port has a strong growth potential with a masterplan capacity of 300 MMTPA […]

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Business

Adani Transmission to acquire Warora-Kurnool Transmission from Essel for an enterprise value of Rs. 3,370 Cr

March 27, 2021 sanket

Adani Transmission Limited (ATL) to acquire Warora-Kurnool Transmission Limited (WKTL) owned by Essel InfraProjects Limited WKTL will develop, operate and maintain transmission system aggregating to ~1,750 ckt km in Maharashtra, Telangana and Andhra Pradesh and a 765/400 kV substation at Warangal With this acquisition, the cumulative network of ATL will reach ~17,200 ckt km Ahmedabad, […]

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Business

Adani Green Energy to acquire 75 MW operating solar projects from Sterling & Wilson for Rs. 446 Cr

March 24, 2021 sanket

AGEL has signed definitive agreements with Sterling & Wilson Private Limited for the acquisition of 100% stake in two special purpose vehicles (SPVs) that own 75 MW operating solar projects at Telangana The acquisition is at an enterprise valuation of approximately Rs. 446 Cr With this acquisition, AGEL will have operating renewable capacity of 3,470 […]

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Business

Adani Ports to acquire controlling interest of 58.1% in Gangavaram Port from DVS Raju Family for Rs 3,604 Cr

March 23, 2021 sanket

APSEZ to acquire controlling stake of 58.1% in Gangavaram Port Ltd (GPL) from DVS Raju and family for Rs. 3,604 Cr taking its stake in GPL to 89.6% GPL, with its strategic location and strong hinterland has a potential to become a 250 MMT port GPL will benefit from APSEZ’s platform to improve market share, […]

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Business

Adani Green Energy receives LOA for 300 MW Wind Power Project

March 22, 2021 sanket

Adani Renewable Energy Holding Fifteen Limited (AREHFL), a subsidiary of Adani Green Energy Limited (AGEL) receives LOA for 300 MW Wind project AREHFL participated in the tender issued by the Solar Energy Corporation of India (SECI) for setting up 1200 MW ISTS connected Wind Power Project (Tranche-X) The fixed tariff for this project is Rs. […]

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Business

Adani Green Energy to acquire 50 MW Solar Asset from SkyPower Global

March 20, 2021 sanket

AGEL has signed definitive agreements with the Toronto-headquartered SkyPower Global for acquisition of 100% stake in a special purpose vehicle (SPV) that owns 50 MW operating solar asset at Telangana With this acquisition, AGEL will have operating renewable capacity of 3,395 MW with a total renewable portfolio of 14,865 MW Ahmedabad, 20 March, 2021: Adani Green […]

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Business

Adani Green Energy raises USD 1.35 billion in one of Asia’s largest project financing deals

March 18, 2021 sanket

AGEL sealed a USD 1.35 billion senior debt facility with participation from 12 international banks to finance its under-construction renewable portfolio This strengthens AGEL’s strategy to fully fund its under construction asset portfolio and brings it a step closer to its vision of 25 GW capacity by 2025 The facility would initially finance the 1.69 […]

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Business

AGEL commissions 100 MW Gujarat Wind Power Project 5 months before schedule

March 8, 2021 sanket

This commissioning takes Adani Green Energy’s total operational renewable capacity to 3,345 MWac; a step closer to its vision of 25 GW capacity by 2025 Adani Wind Energy Kutch Three Limited (‘AWEKTL’), a subsidiary of the Adani Green Energy Limited (AGEL) commissioned a 100 MW wind power plant located in Kutch, (Gujarat), 5 months ahead […]

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AGEL’s Operational Capacity grows to 3,245 MW with addition of 700 MW in YTD FY21

February 3, 2021 sanket

AGEL’s Total Capacity  grows to 14,815 MW with latest award of 600 MW Wind-Solar Hybrid Project from SECI (1)  AGEL’s Total Income for Q3 FY21 up by 61% YoY at Rs. 843 Cr Sale of Energy for Q3 FY21 up by 31% YoY at 1,303 mn units Adani group and TOTAL deepen Strategic Alliance, TOTAL […]

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Business

Adani Total Gas Ltd Q3 FY21 Results: Highest ever EBITDA of INR 222 Cr; 33% rise over Q3 FY20

February 3, 2021 sanket

Revenue from Operations at INR 522 Cr CNG Stations increased to 151 Operational Highlights Q3 FY21 (Standalone): The combined volume of CNG and PNG achieved @ 153 MMSCM vs 154 MMCM in Q3 FY20 Average Volume in Q3 FY21 increased to 67 MMSCMD as compared to the average volume of 1.43 MMSCMD in Q2 FY21 […]

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