Latest news with #AdaniGreenEnergy
India.com
12-06-2025
- Business
- India.com
Gautam Adani's Rs 8555350000000 largest ever plan in India for…, the money will come from….
Adani Group is planning a capital expenditure of $100 billion. It is the largest capital expenditure in India till now. The investment will be made over the next six years. Adani Group's Chief Financial Officer (CFO), Jugeshinder Singh told NDTV Profit, 'We are not talking about acquisitions here; this is all greenfield on-ground capex…' He added, 'We want to take our investment to Rs 1.5-1.6 lakh crore every year (from Rs 1.1-1.2 lakh crore last year).'' The capital expenditure plan mainly focuses on three sectors like the energy business with 83-85% of the total investment. According to the CFO, around 10% of the expenditure will be given to construction and materials and 6-7% will go for mining and metals businesses. The majority of the energy investment will be utilized for expansion of renewable energy capacity and storage. As per the company's investment presentation, Adani Green Energy had an operational capacity of 14.2 GW as of March 2025 and Adani Power's capacity was 16.54 GW. To fund its annual capex plan of Rs 1.5-1.6 lakh crore, Adani Group plans to get Rs 80,000 crore from internal cash flows, Rs 15,000 crore via settlement payments, and Rs 12,000-14,000 crore from the profit generated by its EPC (Engineering, Procurement, and Construction) business. The group also has an external funding reserve of Rs 40,000-50,000 crore. Adani Group repays around Rs 24,000 crore in debt annually, with a net debt addition of Rs 25,000 crore.
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Business Standard
12-06-2025
- Business
- Business Standard
Adani group to use own cash, debt to fund $20 billion annual capex
Group to bid for UP electricity discoms to expand network premium Dev Chatterjee Mumbai Listen to This Article The Adani group intends to fund its $20 billion annual capital expenditure (capex) primarily through internal accruals and debt, according to top executives in the conglomerate. The Ahmedabad-based group is also planning to bid for electricity-distribution companies in Uttar Pradesh to expand its network in power transmission and distribution as part of its broader strategy to invest in infrastructure. In an exclusive interaction, top officials led by Sagar Adani, executive director, Adani Green Energy, and member of the Adani family, the group promoters, detailed the funding strategy: About $8.5 billion in free cash, about $3 billion as annual debt refinancing,
Business Upturn
03-06-2025
- Business
- Business Upturn
Adani Green Energy incorporates new step-down subsidiary AHE10L to focus on renewable power
By Aditya Bhagchandani Published on June 3, 2025, 11:48 IST Adani Green Energy Limited has officially announced the incorporation of a new step-down subsidiary, Adani Hydro Energy Ten Limited (AHE10L), as of June 2, 2025. The new entity has been formed under Adani Saur Urja (KA) Limited, a wholly-owned subsidiary of Adani Green Energy. According to the company's filing with the stock exchanges, AHE10L has been incorporated with an authorised and paid-up capital of Rs 1,00,000. The entity is yet to commence its business operations. The primary objective of AHE10L is to generate and manage electrical energy using renewable sources such as solar and wind. The move aligns with Adani Green Energy's long-term strategy to scale up its renewable energy footprint across India. AHE10L will operate in the renewable power generation sector and is registered with the Registrar of Companies, Gujarat, in Ahmedabad. As per the regulatory disclosure, Adani Saur Urja holds 100% of the share capital of the newly formed company. There are no regulatory approvals or cost-related considerations required for the formation of AHE10L, as it is a wholly owned formation within the group's structure. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Associated Press
22-05-2025
- Business
- Associated Press
Renewable Energy Leader Adani Green Energy Limited (AGEL) Automates Engineering Process to Fast-Track Gigascale Project
AGEL partnered with CCTech to automate engineering design process at the world's largest solar park, driving rapid progress & sustaining growth momentum. PUNE, MAHARASTA, INDIA, May 22, 2025 / / -- Adani Green Energy Limited (AGEL), India's largest renewable energy company, has cemented its market leadership by implementing a solar park design automation solution to accelerate progress at Khavda and other project sites. This milestone marks a quantum leap for AGEL, advancing their sustainable commitment to deliver 50 GW of clean, affordable, and reliable power by 2030. With this new innovative approach, the company has bid farewell to traditional design processes, replacing them with a digital approach that promises enhanced efficiency and productivity. Implementing a solar park design automation solution marks a strategic milestone for AGEL. It has modernized their design process and significantly streamlined project execution. Partnering with Centre for Computational Technologies ( CCTech ), a leading engineering technology solutions provider, AGEL leveraged CCTech's extensive expertise in Autodesk products, CAD development, automation, and industry experience to create an advanced configurator system. The new solution has successfully automated the generation of construction drawings for civil, mechanical, & electrical verticals for solar parks, streamlining the design process and enhancing efficiency. Additionally, the solar configurator also integrates tools like Civil3D, AutoCAD, Google Earth, and Google Maps API. With this, CCTech has automated important tasks like 3D terrain analysis, area grading, solar MMS table layout, pile placement, cable hanger routing, real-time geo-tagging, annotations, dimension placement, and drawing sheet generation for the company. This integrated digital workflow has simplified AGEL's complex design tasks, minimizes errors, and improves coordination between design and construction teams, ensuring a smoother transition from design to the construction phase. 'Our collaboration with CCTech has truly reshaped our approach to solar design,' said Mr. Nilesh Patel, Associate Vice President – Engineering, AGEL; 'We now have a solution that delivers the accuracy and precision we need while dramatically speeding up our processes. Engineering construction drawings & drawing-related BoQs that once took weeks are now released within a time frame of a few hours to a couple of days. Our engineering team is now finally freed from putting endless hours into tedious AutoCAD operations and can now focus on optimizing design layouts. CCTech's expertise and dedication have been crucial in making our automation journey at AGEL both smooth and effective. This project has been a cornerstone in achieving AGEL's clean energy vision.' Expressing his pleasure on the occasion, Sandip Jadhav, CEO at CCTech, said, 'At CCTech, we're always pushing the boundaries of engineering software automation by leveraging Autodesk's capabilities and our deep industry insights. It's been a pleasure working with AGEL—a company that truly shares our passion for tech-driven process improvement. I must give credit to our team; they delivered multiple critical features in record time to meet AGEL's ambitious goal. Our technical expertise, agile approach, and enterprise intelligence have set a new benchmark in renewable energy design across the globe. And we're just getting started—we've already started on a new initiative using digital twin technology for construction management. I can't wait to see the impact it'll have on renewable energy. ' About CCTech CCTech is a global technology consultancy organization specializing in engineering software solutions, digital transformation, and automation for the AEC, manufacturing, chemical, oil & gas, and renewable energy sectors. The company is committed to democratizing BIM, CAD, and CFD technologies by reducing complexity through AI-driven automation to meet unique customer needs. Bridging the gap between cutting-edge technology and industry challenges, CCTech collaborates closely with Autodesk teams in the development of AutoCAD, Civil 3D, Infraworks, Fusion, ACC, and more, while partnering with clients to address their critical engineering challenges. In addition to providing comprehensive services in custom software development, cloud integration, and AI-powered analytics, CCTech offers innovative product solutions such as simulationHub Web Services (SWS) Platform—a fully managed, intelligent platform that empowers organizations of all sizes to execute sophisticated CFD calculations efficiently, helping them navigate complexity and accelerate time-to-market for sustainable growth. Vijay Mali CCTech +91 98508 61178 [email protected] Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Business Standard
16-05-2025
- Business
- Business Standard
Adani Green Energy allots 54.55 equity shares on conversion of warrants
Adani Green Energy has allotted 54,55,584 equity shares of the Company with a face value of Rs. 10/- each, at a premium of Rs. 1,470.75/- per share, pursuant to the exercise and conversion of 54,55,584 convertible warrants against receipt of the balance subscription amount of Rs. 1,110.56 /- per warrant (i.e. 75% of the issue price), to to the above allotment, the paid up equity share capital of the company has increased to 160,97,11,829 equity shares of Rs 10 each. Powered by Capital Market - Live News
