SB Energy: আদানির ঝুলিতেই গেল SB এনার্জি - adani green energy to buy sb energy indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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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.
Adani Green Energy Limited is set to acquire Japan-based SoftBank Group Corporation’s and Bharti Enterprises Ltd owned solar power producer SB Energy India for an equity value of roughly US$ 625 million. This is an all-cash deal. The enterprise value of the transaction is US$ 3.5 billion. Adani Green Energy is set to acquire 100% […]
Adani Green Energy March-qtr net up 86% to Rs 104 crore freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Adani Green Energy on Wednesday posted a nearly 86 per cent rise in consolidated net profit to Rs 104 crore for the quarter ended March 2021, mainly due to higher revenues. The consolidated net profit of the company stood at Rs 56 crore in the corresponding period of the previous fiscal, the company said in a BSE filing. Total income of the company rose to Rs 1,082 crore in the quarter from Rs 719 crore in the year-ago period. For 2020-21, the company posted a consolidated net profit of Rs 182 crore, as against a loss of Rs 68 crore in 2019-20. Total income of the firm in 2020-21 also rose to Rs 3,520 crore from Rs 2,629 crore earlier.