Adani Green Q3 loss widens; firm says on track to become 18 GW co by 2025
Mumbai: Adani Green’s loss widened in the third quarter of 2019-20 to Rs 129 crore as compared to a Rs 118 crore a year ago, dented by an exceptional cost.
Total revenue from operations in the quarter ended December stood at Rs 504 crore, up 11% year-on-year.
“The group has refinanced its earlier borrowings through issuance of secured senior notes (US$ denominated bonds) and rupee term loans from a bank and financial Institutions. On account of such refinancing activities, the group has incurred one-time expenses aggregating to Rs 173 crore for 9MFY20 (out of which Rs 74 crore incurred during Q3FY20),” the company said in a statement.
