{"id":9631,"date":"2024-01-29T12:22:51","date_gmt":"2024-01-29T12:22:51","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=9631"},"modified":"2024-01-29T12:22:51","modified_gmt":"2024-01-29T12:22:51","slug":"indias-adani-green-profit-surges-in-third-quarter-on-strong-power-sales","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/9631\/","title":{"rendered":"India&#8217;s Adani Green profit surges in third quarter on strong power sales"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0India&#8217;s Adani Green Energy said on Monday its third-quarter profit more than doubled from a year earlier, helped by robust power sales to customers and higher capacity utilisation.<\/p>\n<p data-reader-unique-id=\"31\">Part of Indian billionaire Gautam Adani&#8217;s ports-to-power conglomerate, Adani Green said its consolidated profit rose to 2.56 billion rupees ($30.8 million) in the quarter ended Dec. 31 from 1.03 billion rupees in the year-earlier period.<\/p>\n<div data-testid=\"paragraph-2\" data-reader-unique-id=\"35\">Shares of the company, which fell 17.3% in 2023, were up 4.8% after the results. The blue-chip NSE Nifty 50 was up 1.8%<\/div>\n<p data-reader-unique-id=\"39\">Industries in India are increasing the share of renewable power in their energy mix compared to fossil fuel-generated power, benefiting companies like Adani Green.<\/p>\n<div data-testid=\"paragraph-4\" data-reader-unique-id=\"40\">The Indian government is planning to add 50 gigawatts (GW) of renewable energy capacity annually for the next five years to achieve its target of 500 GW by 2030.<\/div>\n<p data-reader-unique-id=\"50\">Adani Green&#8217;s solar capacity utilisation factor (CUF), a metric that measures generation capacity against total installed capacity, clocked a growth of 24%, while the CUF in its wind power business saw an increase of 32.2%. Its operational capacity rose 16%.<\/p>\n<p data-reader-unique-id=\"51\">Revenue from power supply increased by 40.3% to 17.65 billion rupees. Total income rose to 26.75 billion rupees from 22.56 billion rupees a year earlier.<\/p>\n<p data-reader-unique-id=\"59\">The company is working towards building the world&#8217;s largest renewable power plant at Khavda in Gujarat state, CEO Amit Singh said in a statement.<\/p>\n<p data-reader-unique-id=\"60\">($1 = 83.1140 Indian rupees)<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2024-01-29T12:22:51+00:00\"> 29 January 2024<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"India&#8217;s Adani Green Energy said on Monday its third-quarter profit more than doubled from a year earlier, helped by robust power sales to customers and higher capacity utilisation.","protected":false},"author":1,"featured_media":9633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[47,46,36,45,35],"tags":[],"services":[],"class_list":["post-9631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-international","category-lastnews","category-renewable-energy","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/9631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=9631"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/9631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/9633"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=9631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=9631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=9631"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=9631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}