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Adani Green Energy Q1 results: Net profit zooms 10-fold to Rs 219 cr
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Adani Green Energy Q1 net profit rises 10-fold to Rs 219 crore
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Bravus strikes first coal at $12 5bn Carmichael Project in Australia
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- Projects are contracted to sell power under 25 years PPAs with sovereign rated counterparties
- The transaction is for a fully completed enterprise valuation of approximately USD 3.5 billion (~Rs. 26,000 Cr.)
- This transformational acquisition will enable AGEL to reach renewable portfolio of 25 GW four years ahead of the target
AHMEDABAD, India, May 19, 2021 /PRNewswire/ Adani Green Energy Limited (AGEL), today signed share purchase agreements for the acquisition of 100% interest in SB Energy India from SBG (80%) and Bharti Group (20%). SB Energy India has a total renewable portfolio of 4,954 MW spread across four states in India. The transaction marks the largest acquisition in the renewable energy sector in India. The transaction values SB Energy India at an enterprise valuation of approximately USD 3.5 billion.
Share this article
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- Projects are contracted to sell power under 25 years PPAs with sovereign rated counterparties
- The transaction is for a fully completed enterprise valuation of approximately USD 3.5 billion (~Rs. 26,000 Cr.)
- This transformational acquisition will enable AGEL to reach renewable portfolio of 25 GW four years ahead of the target
AHMEDABAD, India, May 19, 2021 /PRNewswire/ Adani Green Energy Limited (AGEL), today signed share purchase agreements for the acquisition of 100% interest in SB Energy India from SBG (80%) and Bharti Group (20%). SB Energy India has a total renewable portfolio of 4,954 MW spread across four states in India. The transaction marks the largest acquisition in the renewable energy sector in India. The transaction values SB Energy India at an enterprise valuation of approximately USD 3.5 billion.