Adani Green races ahead, but a sluggish grid isn't helping
New Delhi, Oct. 21 -- Adani Green Energy Ltd, India's largest renewable energy company, reported a sharp jump in revenue for the July-September period, as it continued its rapid expansion of power generation capacity. But the inability of India's power grid to keep pace prompted the company to curtail production during the period, denting margins.
The Ahmedabad-based company reported a 45% year-on-year growth in consolidated revenue from power supply at Rs.4,109 crore. However, the consolidated profit attributable to shareholders grew relatively slower at 15% to Rs.673 crore.
As of 30 September, Adani Green Energy had an operational power generation capacity of 20.8GW, 24% more than a year ago and the most for any renewable energy compa...
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