Adani Energy Limited News - This Adani Group Company Did Amazing, June Quarter Profit Increased By 10 Times_Pic Credit Google

Adani Energy Limited News – This Adani Group Company Did Amazing, June Quarter Profit Increased By 10 Times

Adani Energy Limited News – This Adani Group Company Did Amazing, June Quarter Profit Increased By 10 Times – Adani Green Energy Limited (AGEL), a group company of Adani Group, saw a 10-fold increase in its June quarter profit as compared to a year ago. This tremendous increase in the profits of the company has been mainly due to increase in earnings.

Adani Energy Limited News – This Adani Group Company Did Amazing, June Quarter Profit Increased By 10 Times

Adani Green Energy Limited (AGEL), a group company of Adani Group, saw a 10-fold increase in its June quarter profit as compared to a year ago. The company has earned a profit of Rs 219 crore during this period.

This tremendous increase in the profits of the company has been mainly due to increase in earnings. A year ago i.e. in the quarter of June 2020, the company had a profit of only Rs 22 crore.

The company’s total income increased to Rs 1,079 crore in the June 2021 quarter, as compared to just Rs 878 crore in the June 2020 quarter a year ago.

What did Gautam Adani say

Adani Group Chairman Gautam Adani said, “AGEL’s growth continues to grow. In just two years, AGEL has become the leader of the world’s brigade of renewable energy.

Adani said, “The acquisition of SB Energy’s high quality energy portfolio further cements our position as the largest solar power player in the world. So by 2030, we are on the right track to become the world’s largest renewable energy player.

Sell so many units of electricity

The company sold 2054 million units of electricity in the June quarter, compared to 1385 million units sold a year ago.

The stock of the company has grown tremendously in the last one year. On 5 August 2020, the value of the shares of the company was Rs 342, while on this 5 August i.e. Wednesday, the value of the shares of the company reached Rs 893.15. That is, there has been an increase of about 2.5 times in it.

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