Mumbai, July 22 -- Adani Green Energy Ltd's profit for the June quarter rose by nearly a fifth, driven by its operational clean energy capacity crossing the 20-gigawatt (GW) mark, even as it continued to face constraints due to inadequate power evacuation capacity in the country.

To reduce the uncertainty in its earnings, the renewable energy arm of the Adani Group signed a pact with the power distribution arm of the group, Adani Energy Solutions Ltd (AESL), to supply 4 GW power. The capacity earlier went to the merchant market. This means that the power that the company was selling on power exchanges would now be sold to AESL at a fixed price, removing volatility.

Adani Green's profit attributable to shareholders stood at Rs.845 crore ...