Home Business Gautam Adani Hosts EU, Belgium, Denmark, and Germany Envoys for Renewable Energy and Partnership Talks
Business - November 13, 2024

Gautam Adani Hosts EU, Belgium, Denmark, and Germany Envoys for Renewable Energy and Partnership Talks

Ahmedabad: Adani Group Chairman Gautam Adani recently hosted ambassadors from the European Union (EU), Belgium, Denmark, and Germany, welcoming them to witness the world’s largest renewable energy (RE) park in Khavda, Gujarat, and India’s largest port hub in Mundra. Adani expressed his gratitude for the visit, emphasizing the importance of global cooperation in advancing India’s renewable energy goals and hydrogen ecosystem.

“It was a privilege to host ambassadors from the EU, Belgium, Denmark, and Germany,” Adani remarked in a post on X (formerly Twitter). He noted that the discussions centered around expanding international partnerships to bolster India’s energy transition. “I deeply appreciate their visit to the world’s largest renewable energy park in Khavda and India’s major port, logistics, and industrial hub in Mundra,” he added.

Adani highlighted the “truly insightful” nature of the discussions, which focused on strengthening collaborations for renewable energy and accelerating the development of India’s hydrogen infrastructure. “At Adani, we continue advancing our ambitious renewable energy initiatives while maintaining an energy mix that supports a sustainable future for all of India,” he shared, underscoring the company’s commitment to a balanced energy strategy.

In a recent financial update, Adani Green Energy Ltd. (AGEL) announced a 20% growth in EBITDA, reaching Rs 4,518 crore in the first half of FY25, with cash profits rising 27% year-on-year to Rs 2,640 crore. AGEL also operationalized the first 250 MW of wind power at its vast Khavda facility, part of a 30,000 MW renewable energy park. This project keeps the company on track to reach its 2030 target of 50 GW of renewable capacity, which will include at least 5 GW of energy storage.

Adani Ports and Special Economic Zone Ltd. (APSEZ) also reported a strong performance, with a 42% rise in net profit to Rs 5,520 crore in H1 FY25, up from Rs 3,881 crore in the same period last year. The Mundra Port achieved a milestone by handling over 100 MMT in just 181 days. “Our cargo volume trajectory and this accomplishment reinforce our confidence in achieving our FY25 cargo and EBITDA guidance,” APSEZ stated.

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