Yesterday, Adani Green Energy Ltd (AGEL) posted over a 16 per cent rise in its consolidated net profit to Rs 121 crore in the fourth quarter compared to last year. On 31 March 2021, the consolidated net profit is Rs 104 crore. Also, the total income in the fourth quarter has increased from Rs 1,082 crore to Rs 1,587 crore.

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The company’s total income in the March quarter also increased to Rs 1,587 crore, from Rs 1,082 crore in the year 2020-21. During the 2021-22 fiscal year, its consolidated net profit jumped to Rs 489 crore, from Rs 182 crore in 2020-21.

“AGEL’s strong results validate the Adani Group’s rapidly expanding focus on renewables,” said Gautam Adani, Chairman of Adani Group. He also stated, “Our investment roadmap in the green energy value chain is unmatched by any other portfolio of energy and utility businesses, but we have also been consistently setting new industry benchmarks in efficiency, performance, and capacity development. We are accelerating the pace of energy transition through our domain expertise and our ability to execute projects rapidly to honour India’s commitments to a sustainable future.”

Meanwhile, in 2020-21, the total income rose from Rs 3,520 crore to Rs 5,548 crore.