Adani Green Energy, the renewable power major, on Monday reported a 142 per cent rise in net profit to Rs 1,365 crore in the March quarter when compared to the same period of previous financial year (FY22). Its revenues were up by 89 per cent to Rs 2,130 crore in the same quarter.
In a statement, the company said its sale of energy has increased by 58 per cent to 14,880 million units in the FY23 mainly due to strong capacity addition, analytics driven O&M enabling high plant availability and deployment of latest renewable technologies.
AGEL has added an additional 2,676 MW renewable capacity to its operational fleet in FY23, which includes 2,140 MW solar-wind hybrid plants in Rajasthan, 325 MW wind power plant in Madhya Pradesh and 212 MW solar power plants in Rajasthan.
