Adani Green swings to Rs 182 crore profit in FY21
Adani Green Energy (AGEL), the renewable energy arm of the Adani Group, posted a profit of Rs 182 crore in FY21 on a consolidated basis, against a loss of Rs 68 crore recorded by the firm in FY20.
The profits increased mainly due to higher power sales from the company’s rising renewable energy base. The company’s revenue went up 33.9% year-on-year (y-o-y) to Rs 3,520 crore. It sold 5,482 million units of electricity in the fiscal, up 25% annually, after adding 925 mega-watt (MW) operational capacity in the fiscal.
