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Billionaire <keyword id="19929098" type="General" weightage="20" keywordseo="gautam-adani" source="keywords">Gautam Adani</keyword>'s group will supply <keyword id="19914923" type="General" weightage="20" keywordseo="clean-energy" source="keywords">clean energy</keyword> to power Google's cloud services and operations in India, the two firms said on Thursday. <keyword id="19955648" type="General" weightage="100" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="261" meta.entityid="Adani Group">Adani group</keyword> will supply 61.4 megawatt of electricity from a new <keyword id="21342349" type="General" weightage="20" keywordseo="solar-wind-hybrid-project" source="keywords">solar-wind hybrid project</keyword> located at its 30 gigawatt (GW) Khavda renewable energy park in Gujarat. Google powers most of its cloud operations and services through electricity procured from the grid and is planning to run the entire operations on clean energy by 2030. Adani is expected to start commercial operations in the third quarter of 2025. At the '<keyword id="23413952" type="General" weightage="20" keywordseo="Google-for-India" source="keywords">Google for India</keyword>' event, the search giant also announced a partnership with CleanMax for sourcing 125.4 MW of clean energy to power its offices and cloud regions in India. Of the contracted volumes, 66 MW solar energy will come from Rajasthan and 59.4 MW wind energy from Karantaka. "These projects are expected to start commercial operations in Q4 2025 and will deliver <keyword id="22243112" type="General" weightage="20" keywordseo="carbon-free-energy" source="keywords">carbon-free energy</keyword> to the grid where Google operates offices and cloud regions in India," Google said. While Google made the announcement at the 'Google for India' event here, the Adani Group gave details in a statement. "Through this partnership Adani will supply clean energy from a new solar-wind hybrid project located in the world's largest renewable energy plant at Khavda, Gujarat. This new project is expected to start commercial operations in the third quarter of 2025," the Adani group statement said. This innovative collaboration will help advance Google's 24/7 carbon-free energy goal by ensuring cloud services and operations in India are supported by clean energy and thereby contribute to the <keyword id="20289318" type="General" weightage="20" keywordseo="sustainable-growth" source="keywords">sustainable growth</keyword> of Google in India. Adani had previously announced plans to set up data centres run on clean energy. It had in October 2022 leased 4.64 lakh square feet of space at its data centre in Noida to Raiden Infotech, an entity of Google.

Adani to supply clean energy for Google's cloud operations in India

When the winter is right upon us and holidays are back with a bang, can festivals be far behind? It is <keyword id="24087" type="COMPANY" weightage="100" keywordseo="carnival">carnival</keyword> time across India – a time to celebrate and share all things good in true Yuletide spirit. So we bring you seven offbeat <keyword id="6385705" type="UNKNOWN" weightage="100" keywordseo="events">events</keyword> – a mix of modern concepts and traditional happenings that celebrate the varied and vibrant art and culture of the country. And then there will be Christmas <keyword id="192" type="UNKNOWN" weightage="100" keywordseo="Celebrations">celebrations</keyword> all over India. Let go of your toil &amp; care, and connect to retune your life. Happy holidays! 
 
Life at its exotic best – <keyword id="78069" type="UNKNOWN" weightage="100" keywordseo="Rann-Utsav">Rann Utsav</keyword> (<keyword id="6354766" type="COMPANY" weightage="100" keywordseo="Gujarat">Gujarat</keyword>) It’s a desert <keyword id="58" type="ENTERTAINMENT" weightage="100" keywordseo="Festival">festival</keyword> with a difference. The white salt marsh, spread across some 7,000 sq km in Gujarat, attracts thousands to the Great Rann every year, revealing the many-hued life and culture of <keyword id="6361801" type="COMPANY" weightage="100" keywordseo="Kutch">Kutch</keyword>. The journey from Bhuj will take you to the colourful Tent City at <keyword id="1967990" type="UNKNOWN" weightage="100" keywordseo="Dhordo-village">Dhordo village</keyword> and other exotic locations such as <keyword id="1967991" type="PERSON" weightage="100" keywordseo="Hodko">Hodko</keyword>, <keyword id="1967994" type="UNKNOWN" weightage="100" keywordseo="Bhirandiyara">Bhirandiyara</keyword>, <keyword id="144766" type="CITY" weightage="100" keywordseo="Khavda">Khavda</keyword>, <keyword id="476012" type="UNKNOWN" weightage="100" keywordseo="Kalo-Dungar">Kalo Dungar</keyword> (<keyword id="226408" type="COMPANY" weightage="100" keywordseo="Black-Hills">Black Hills</keyword>) and the <keyword id="656787" type="UNKNOWN" weightage="100" keywordseo="Mandvi-beach">Mandvi beach</keyword>. The great white saltpan in the distance looks mesmeric and nearby, you can catch the haunting tunes played by the locals on their jodia pava (twin-flutes). While you are here, <keyword id="76631" type="UNKNOWN" weightage="100" keywordseo="Folk-music">folk music</keyword>, dances, camel safaris and wildlife viewing will fill your days. A stay at the bhunga (egg-shaped mud huts), a taste of the Kutchi cuisine and the exquisite local art will enthral you further. In mid-January, Kutch celebrates the traditional <keyword id="4062388" type="UNKNOWN" weightage="100" keywordseo="Kite-festival">kite festival</keyword> <keyword id="90750" type="UNKNOWN" weightage="100" keywordseo="Uttarayan">Uttarayan</keyword> and you can watch the spectacular view as thousands of flying beauties dot the sky. 
When: Dec 15-March 18 
What it costs: Rs 7,900-22,500 plus taxes per person on twin sharing basis. 
Image: Rann-utsav.com 
 
 
 
Shake a leg at <keyword id="91958" type="UNKNOWN" weightage="100" keywordseo="Sunburn-festival">Sunburn Festival</keyword> (<keyword id="826" type="CITY" weightage="100" keywordseo="Goa">Goa</keyword>) If the <keyword id="24879" type="CITY" weightage="100" keywordseo="Sun">sun</keyword>, seas and <keyword id="6354530" type="CITY" weightage="100" keywordseo="music">music</keyword> allure you to distraction, it’s time to head for the coastal capital for a rocking experience. Sunburn is the coolest <keyword id="881528" type="UNKNOWN" weightage="100" keywordseo="electronic-dance-music-festival">electronic dance music festival</keyword> to invade the <keyword id="1834821" type="UNKNOWN" weightage="100" keywordseo="indian-beaches">Indian beaches</keyword>, now entering Season 7 with pomp and style. With custom stages in the making, numerous genres of music on offer and some world famous DJs &amp; <keyword id="49237" type="PERSON" weightage="100" keywordseo="Artistes">artistes</keyword> debuting, it is surely going to be an electrifying extravaganza that could be the party of parties in Goa. Get ready for some fun, frolic and froth even as the music captures your soul and you can’t stop dancing. 
When: Dec 27-29 
What it costs: Rs 9,250-15,500 per person. 
Image: Wikimedia Commons 
 
 
 
Super fun at <keyword id="1968003" type="UNKNOWN" weightage="100" keywordseo="Vh1-Supersonic">Vh1 Supersonic</keyword> (Goa) Another electrifying <keyword id="6356630" type="ORGANIZATION" weightage="100" keywordseo="EDM">EDM</keyword> (<keyword id="42249" type="COMPANY" weightage="100" keywordseo="electronic-dance-music">electronic dance music</keyword>) event that will be held in Goa this year. A super line-up of artistes and DJs from all over the globe will keep you spellbound with some rocking music while dancing gets even better when you are grooving on the <keyword id="8688" type="ORGANIZATION" weightage="100" keywordseo="SEA">sea</keyword> shore. And guess who is leading the super fest? None other than the electronic music promoter <keyword id="135873" type="PERSON" weightage="100" keywordseo="Nikhil-Chinapa">Nikhil Chinapa</keyword> who has left Sunburn and is now starting his own show. The <keyword id="1968004" type="UNKNOWN" weightage="100" keywordseo="Debut-edition">debut edition</keyword> this year is purely for <keyword id="6355317" type="ENTERTAINMENT" weightage="100" keywordseo="Dance">dance</keyword> music fans, but it could be a <keyword id="1968005" type="UNKNOWN" weightage="100" keywordseo="Multi-genre-festival">multi-genre festival</keyword> within the next year or two. So let’s wait and watch the magic happen. 
When: Dec 26-30 
What it costs: Keep a tab, the organisers will soon come up with the ticket pricing. 
Image: Gosupersonic.in 
 
 
 
Wellness fest at Zambhala (Goa) If you are seeking wellness and harmony this <keyword id="6389817" type="ORGANIZATION" weightage="100" keywordseo="new-year">New Year</keyword>, the <keyword id="1968009" type="UNKNOWN" weightage="100" keywordseo="Zambhala-Yoga">Zambhala Yoga</keyword>, <keyword id="1968008" type="ENTERTAINMENT" weightage="100" keywordseo="Music-and-Life-Spirit-Festival">Music and Life Spirit Festival</keyword> could be the <keyword id="1968010" type="UNKNOWN" weightage="100" keywordseo="Lifestyle-event">lifestyle event</keyword> for you. Debuting this December, it is going to be an annual festival that brings together <keyword id="1968011" type="UNKNOWN" weightage="100" keywordseo="Yoga-experts">yoga experts</keyword>, <keyword id="551676" type="UNKNOWN" weightage="100" keywordseo="spiritual-teachers">spiritual teachers</keyword>, <keyword id="25205" type="PERSON" weightage="100" keywordseo="doctors">doctors</keyword>, <keyword id="21324" type="UNKNOWN" weightage="100" keywordseo="Therapists">therapists</keyword>, <keyword id="145052" type="UNKNOWN" weightage="100" keywordseo="healers">healers</keyword>, <keyword id="6367711" type="UNKNOWN" weightage="100" keywordseo="Musicians">musicians</keyword> and <keyword id="1792" type="ORGANIZATION" weightage="100" keywordseo="artists">artists</keyword> from all over the globe. So that one may nurture the power of self and live with positive energy. The yoga part of the festival is especially interesting as it will focus on various methods of yoga and <keyword id="6388212" type="UNKNOWN" weightage="100" keywordseo="meditation">meditation</keyword> – all curated to ensure a better and <keyword id="1968013" type="UNKNOWN" weightage="100" keywordseo="Healthier-living">healthier living</keyword>. Then there will be talks and workshops on <keyword id="639756" type="UNKNOWN" weightage="100" keywordseo="life-skills">life skills</keyword> and <keyword id="1968014" type="UNKNOWN" weightage="100" keywordseo="Alternative-healing">alternative healing</keyword>. Overall, quite a new concept and could be worth joining. 
When: Dec 21-22 
What it costs: Rs 2,800 per person for participation; day passes available at venue for Rs 1,600 while kids under the age of 12 can attend for free. Event to be held at Bardo, Morjim, in North Goa. 
Image: Zambhala.in 
 
 
 
Melody, masti at <keyword id="1968016" type="UNKNOWN" weightage="100" keywordseo="Mt-Abu-Winter-Festival">Mt Abu Winter Festival</keyword> (<keyword id="6355588" type="ORGANIZATION" weightage="100" keywordseo="Rajasthan">Rajasthan</keyword>) Come December and this hill resort in the heart of Rajasthan pulsates with festive notes. A grand procession marks the beginning, diyas are set floating on the <keyword id="455501" type="UNKNOWN" weightage="100" keywordseo="Nakki-Lake">Nakki Lake</keyword> in the evenings and spectacular <keyword id="54214" type="UNKNOWN" weightage="100" keywordseo="Fireworks">fireworks</keyword> light up the night sky. <keyword id="29645" type="UNKNOWN" weightage="100" keywordseo="Performers">Performers</keyword> and <keyword id="6360759" type="COMPANY" weightage="100" keywordseo="artisans">artisans</keyword> from all over the state assemble here, bringing to life the rich culture and traditions of this princely state. Give in to the serene magic of music – the folk, the shehnai and the <keyword id="6401082" type="PERSON" weightage="100" keywordseo="Sufi">Sufi</keyword> strains. Or join the Rajasthani dancers with full zest. The thrilling <keyword id="1968020" type="UNKNOWN" weightage="100" keywordseo="Fire-dance">fire dance</keyword> of Bikaner, the graceful <keyword id="1968022" type="UNKNOWN" weightage="100" keywordseo="Ghoomer">Ghoomer</keyword> and <keyword id="1968023" type="UNKNOWN" weightage="100" keywordseo="Terahtali">Terahtali</keyword>, the lively <keyword id="1288524" type="UNKNOWN" weightage="100" keywordseo="Kalbelia">Kalbelia</keyword> and the fascinating <keyword id="1622221" type="UNKNOWN" weightage="100" keywordseo="Gair">Gair</keyword> of Mewar are sure to take your breath away. For the adventurous, there’s a long list of contests – rowing, horse races, tug-of-war, gilli danda, <keyword id="6799761" type="SPORT" weightage="100" keywordseo="Kite-flying">kite flying</keyword> and even 20-20 cricket. Shop for exquisite <keyword id="6502685" type="UNKNOWN" weightage="100" keywordseo="Handicraft">handicraft</keyword> and taste the delectable local food to make the most of this colourful carnival. 
When: Dec 29-31 
What it costs: A trip to <keyword id="434732" type="PERSON" weightage="100" keywordseo="Mt-Abu">Mt Abu</keyword> suits every budget and starts from Rs 7,000-8,000 per person on twin sharing basis. 
Image: Wikimedia Commons 
 
 
 
The beat of sun, surf &amp; ruins – <keyword id="1968024" type="UNKNOWN" weightage="100" keywordseo="Mamallapuram-Dance-Festival">Mamallapuram Dance Festival</keyword> (<keyword id="12864" type="COMPANY" weightage="100" keywordseo="Chennai">Chennai</keyword>) If you missed the Konark dance festival in Odisha earlier this month, travel south to the beach town of <keyword id="385028" type="CITY" weightage="100" keywordseo="Mamallapuram">Mamallapuram</keyword> (also known as <keyword id="73041" type="CITY" weightage="100" keywordseo="Mahabalipuram">Mahabalipuram</keyword>), around 60 km south of Chennai, and soak in the <keyword id="1968025" type="UNKNOWN" weightage="100" keywordseo="Open-air-dance-festival">open air dance festival</keyword>. One can never find a more majestic backdrop with the <keyword id="1968028" type="UNKNOWN" weightage="100" keywordseo="Monolithic-rock-sculptures">monolithic rock sculptures</keyword> and temples rising above the golden shore and the endless waves breaking nearby. This ancient port town of the Pallava dynasty hosts a month-long festival that brings to life classical and <keyword id="522230" type="UNKNOWN" weightage="100" keywordseo="folk-dances">folk dances</keyword> from all over India – <keyword id="14944" type="PERSON" weightage="100" keywordseo="Bharatanatyam">Bharatanatyam</keyword>, <keyword id="6386949" type="COMPANY" weightage="100" keywordseo="Kuchipudi">Kuchipudi</keyword>, <keyword id="255053" type="CITY" weightage="100" keywordseo="Kathakali">Kathakali</keyword>, <keyword id="1300412" type="UNKNOWN" weightage="100" keywordseo="mohini-attam">Mohini Attam</keyword>, <keyword id="6354459" type="ORGANIZATION" weightage="100" keywordseo="Odissi">Odissi</keyword>, <keyword id="210" type="PERSON" weightage="100" keywordseo="Kathak">Kathak</keyword> and more. The exact venue is close to <keyword id="1968030" type="UNKNOWN" weightage="100" keywordseo="Arjunas-Penance">Arjuna’s Penance</keyword>, a bass relief sculpted on the face of two gigantic adjacent rocks. While in Mamallapuram, you must visit Cholamadal artists’ village and shop for some exquisite handcrafted items. 
When: Dec 27-Jan 26 
What it costs: Most tour operators offer customised pricing, depending on itinerary and package; may cost around Rs 7,000 per person on twin sharing basis. 
Image: Tamilnadutourism.org 
 
 
 
A symphony of Indian traits – <keyword id="1968032" type="UNKNOWN" weightage="100" keywordseo="Cochin-Carnival">Cochin Carnival</keyword> (Kerala) This is one colourful carnival that calls for fun, feasting and revelry. It’s an age-old event and dates back to the colonial days when the Portuguese held <keyword id="9735" type="UNKNOWN" weightage="100" keywordseo="new-year-celebrations">New Year celebrations</keyword>. Now it offers loads of <keyword id="1783440" type="UNKNOWN" weightage="100" keywordseo="carnival-games">carnival games</keyword>, <keyword id="1968033" type="UNKNOWN" weightage="100" keywordseo="Beach-games">beach games</keyword>, races (how about some dirt biking), dancing and fireworks. Locals dress up in <keyword id="1968034" type="UNKNOWN" weightage="100" keywordseo="Fancy-costumes">fancy costumes</keyword> and the grand finale includes a huge procession on New Year’s Day – complete with drum beats, music and embellished elephants. But just like a full-blooded carnival, it has more to offer that attracts thousands of visitors from all over the globe. While the North and <keyword id="1968035" type="UNKNOWN" weightage="100" keywordseo="South-Indian-folk-dances">South Indian folk dances</keyword> set the stages on fire, a three-month-long <keyword id="1968037" type="UNKNOWN" weightage="100" keywordseo="International-exhibition-of-contemporary-art">international exhibition of contemporary art</keyword> (they call it <keyword id="1055137" type="UNKNOWN" weightage="100" keywordseo="Kochi-Muziris-Biennale">Kochi-Muziris Biennale</keyword>) was also held across the state in 2012-13. So it should be back next December to delight <keyword id="1643" type="UNKNOWN" weightage="100" keywordseo="Art-lovers">art lovers</keyword> and Aspinwall in <keyword id="6361494" type="UNKNOWN" weightage="100" keywordseo="Fort-Kochi">Fort Kochi</keyword> is expected to be the main venue for the second edition. 
When: Dec 25-Jan 1 at Fort Kochi. 
What it costs: A week’s vacation in Kerala may cost around Rs 16,000 per person on twin sharing basis (excluding airfare). 
Image: Keralatourism.org

Seven
Indian Festivals You Must Not Miss This December

<keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="261" meta.entityid="Adani Group">Adani Group</keyword> released the composite result and Credit Compendium of Adani Group of <keyword id="20027214" type="General" weightage="20" keywordseo="companies" source="keywords">companies</keyword> for Q1 FY25. The Results Compendium provides a comprehensive overview of the <keyword id="20088085" type="General" weightage="20" keywordseo="financial-performance" source="keywords">financial performance</keyword> of the Adani Portfolio, while the Credit Compendium offers in-depth insights into the portfolio's robust credit strength. According to the results, the strong performance for the quarter was led by <keyword id="20113873" type="General" weightage="20" keywordseo="Adani-Enterprises" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Enterprises" meta.hostid="261" meta.entityid="Adani Enterprises">Adani Enterprises</keyword>' emerging businesses, including solar and wind manufacturing. In a press release, the company stated that it has emerged as India's largest player in the fully integrated <keyword id="19990484" type="General" weightage="20" keywordseo="green-hydrogen" source="keywords">green hydrogen</keyword> chain, as well as in the airports and roads sectors. The company added that AEL's infrastructure businesses' steadily rising contribution is playing a significant role in this growth, with <keyword id="19957744" type="General" weightage="20" keywordseo="EBITDA" source="keywords">EBITDA</keyword> expanding by 69.98 per cent YoY. These fast-growing businesses now contribute 13.3 per cent to the portfolio-level EBITDA, up from 7.2 per cent a year ago. The overall EBITDA of Adani Group companies surged by 32.87 per cent year-on-year (YoY) to reach Rs 22,570 crore, resulting in a trailing twelve-month (TTM) EBITDA of Rs 79,180 crore, marking a 45.13 per cent increase over the corresponding TTM of the previous year. The Adani Group highlighted that its 'Core Infrastructure' platform comprises AEL's (Adani Enterprises) Infrastructure businesses, Utility (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), and Transport (Adani Ports &amp; SEZ) businesses. The Solar module manufacturing business of the group saw module sales rise by 125 per cent YoY in the quarter. Furthermore, the operationalization of photovoltaic cell lines lowered costs, resulting in higher profitability. The airport business also continues to see strong growth from rising passenger movement, increasing consumer offerings, and the addition of routes, airlines, and flights across seven operational airports. Adani Enterprises' performance indicates that in airports, the annual passenger movement across 7 airports crossed 90 million for the first time. During the quarter, eight new routes, six new airlines, and 13 new flights were added across all seven airports. Additionally, 25 new brands were introduced at Lucknow airport after the inauguration of Terminal 3. The road business achieved its highest-ever 730 lane-km construction during this quarter. In the Adani Green Energy segment, construction work for a 500 MW hydro pump storage has commenced, with a 31 per cent YoY capacity addition during the quarter. Another 250 MW wind capacity was operationalized in July at Khavda, bringing the total capacity to 11.2 GW. Adani Energy Solutions stated that the Khavda-Bhuj Transmission Line (KBTL) is fully commissioned, enabling 3 GW green power evacuation from Khavda. The 1,765 ckm Warora Kurnool Transmission Line (WKTL) was also fully commissioned, strengthening the national grid by ensuring seamless power flow between the western and southern regions. Adani Ports &amp; SEZ reported that Vizhinjam port, India's first transhipment port equipped with South Asia's most advanced container-handling technology, was formally commissioned in July and will become operational in November. In the Cements segment, the promoters infused Rs 15,000 crore in two tranches in Ambuja Cements in March and April, fully subscribing to the warrant program and infusing a total of Rs 20,000 crore since the acquisition in September 2022. The company also acquired Penna Cement, increasing the total capacity to 89 MTPA. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-launched-in-india-at-172999-but-you-cant-get-your-hands-on-it-right-now/articleshow/112517193.cms">Google Pixel 9 Pro Fold launched in India at ₹1,72,999, but you can’t get your hands on it right now</a> <a href="https://www.businessinsider.in/stock-market/news/ipo-scam-two-victims-from-hyderabad-lose-over-11crore-in-fake-ipo-scams/articleshow/112488051.cms">IPO scam – Two victims from Hyderabad lose over ₹11 crore in fake IPO scams</a> <a href="https://www.businessinsider.in/tech/news/indias-wearables-market-decline-for-the-first-time-as-smartwatch-shipments-fall/articleshow/112397246.cms">India’s wearables market decline for the first time as smartwatch shipments fall</a>

EBITDA of Adani Group companies surged by 32.87% year-on-year to ₹22,570 crore

<keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="261" meta.entityid="Adani Group">Adani group</keyword> plans to invest about Rs 1.3 lakh crore across its portfolio companies in this financial year, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, the group's CFO said. The investment will range from ports to energy, airports, commodities, cement and media. 70% of this will met through internal cash generation and the remaining will be taken care through debt, group CFO Jugeshinder 'Robbie' Singh noted. The group will look to refinance $3-4 billion of debt maturing in the year and raise an additional $1 billion in project financing, he said, adding the annual $2-2.5 billion of equity infusion by bringing in new investors is also likely to continue. "This year will be more about asset completion," the CFO continued. <keyword id="34553" type="General" weightage="20" keywordseo="Renewable-energy" source="Orion">Renewable energy</keyword> firm <keyword id="19898586" type="General" weightage="20" keywordseo="Adani" source="keywords">Adani</keyword> Green will complete 6-7 GW project, while the solar wafer manufacturing unit will also attain scale. Also, the new airport at Mumbai will be completed. The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40% higher than what the portfolio is estimated to have incurred in FY24. The group had previously guided a $100 billion capex over the next 7-10 years. Most of this investment is going to go into the group's fast growing businesses -- renewable energy, <keyword id="8411893" type="General" weightage="20" keywordseo="green-hydrogen" source="Orion">green hydrogen</keyword> and airports and infrastructure. As much as 70% of the planned capex will go into its green portfolio - primarily <keyword id="19904987" type="General" weightage="20" keywordseo="renewable-power" source="keywords">renewable power</keyword>, green hydrogen, green evacuation. Of the remaining 30%, the majority will be spent towards airports and ports businesses. Adani group companies posted a record 45% rise in pre-tax profit (Ebitda) to Rs 82,917 crore (about $10 billion) in FY24, Singh said. Emerging from a damning report of a US short seller <keyword id="191733" type="General" weightage="20" keywordseo="Hindenburg" source="Orion">Hindenburg</keyword>, which hit the market value of its listed companies, Adani group in 2023-24 focused on containing debt, reducing founder share pledge and consolidating the business in core competencies. The five-year CAGR (compound annual growth rate) for profit growth was 54% A school drop-out, group chairman <keyword id="19929098" type="General" weightage="100" keywordseo="Gautam-Adani" source="keywords">Gautam Adani</keyword> started out as a commodities trader and rose to be counted amongst world's richest with an empire spanning across ports, power generation, airports, mining, renewables, gas, data centres, media and cement. Today, Adani group is the world's second largest solar power company, it is the largest airport operator with 25% of passenger traffic and 40% of air cargo, the largest ports and logistics company with 30% market share, largest integrated energy player, and the country's second largest cement manufacturer. With strong emphasis on <keyword id="19895435" type="General" weightage="20" keywordseo="green-energy" source="keywords">green energy</keyword> transition, it will be allocating more than 70% of this $100 billion to its green businesses including renewable power, green hydrogen, and green evacuation transmission lines. The conglomerate is building the world's largest renewable park at Khavda, Gujarat, spanning over 530 square kilometers, which is about five times the size of the city of Paris. A large portion of total investments is earmarked for expansion and development of its fast-growing airports business and ports business. With a portfolio boasting eight airports including the upcoming <keyword id="57321" type="General" weightage="20" keywordseo="navi-mumbai" source="Orion">Navi Mumbai</keyword> airport and 14 domestic ports, Adani wants to further solidify its presence in these sectors.

Adani to invest Rs 1.3 lakh crore in FY25 across its companies

<keyword id="19895436" type="General" weightage="20" keywordseo="Adani-Green-Energy-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Green Energy Ltd" meta.hostid="261" meta.entityid="Adani Green Energy Ltd">Adani Green Energy Ltd</keyword> (AGEL) on Friday posted a 38.85 per cent decline in consolidated net profit to Rs 310 crore for the March quarter, mainly on account of increased expenses. Its net profit was Rs 507 crore in the January-March period of the preceding 2022-23, the company said in an exchange filing. During the fourth quarter of FY24, the company's total income fell to Rs 2,806 crore from Rs 2,977 crore a year ago. The company's expenses surged to Rs 2,379 crore during the period under review, as against Rs 2,053 crore in the year-ago period. In a separate statement, the company said its operational capacity grew at 35 per cent year-on-year to 10,934 MW with greenfield addition of 2,848 MW renewable capacity, including 2,418 MW solar and 430 MW wind projects. With this, AGEL became the first company in India to cross the 10,000 MW <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> capacity. AGEL's 10,934 MW operational portfolio will power more than 5.8 million homes and avoid about 21 million tonnes of CO2 emissions annually. The sale of energy increased 47 per cent year-on-year to 21,806 million units in FY24, primarily backed by strong capacity addition, consistent solar CUF (capacity utilisation factor) and improved wind and hybrid CUF. The revenue from power supply rose 23 per cent to Rs 1,575 crore from Rs 1,941 crore earlier. <keyword id="19919864" type="General" weightage="20" keywordseo="Adani-Green-Energy" source="keywords">Adani Green Energy</keyword> Ltd Chief Executive Officer Amit Singh said, "We have deployed the first 2 GW of the 30 GW of renewable capacity under construction at Khavda in just 12 months of breaking ground. "Our highest capacity addition of 2.8 GW in FY24 demonstrates our strong execution capabilities, and we are confident of continuing the momentum." The company aims to commission at least 5 GW of hydro-pumped storage projects by 2030, and set a higher target of 50 GW RE capacity by 2030, which will contribute towards India's non-fossil fuel capacity target of 500 GW, he said. AGEL further said it has commenced construction work on its first hydro pumped storage project (PSP) of 500 MW on the Chitravathi river. The project is located at Peddakotla in Sri Sathya Sai district of Andhra Pradesh. The existing reservoir will act as the lower reservoir and the upper reservoir is to be developed. The generation capacity will be 500 MW with estimated 6.2 generation hours in a day. All necessary approvals, including the final DPR approval are in place and financial closure has been achieved for the project. Part of Adani Group, AGEL is India's largest and one of the leading renewable energy companies in the world enabling clean energy transition. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-crater-in-april-2024-as-prices-increase-amid-reduced-subsidies/articleshow/109806054.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-crater-in-april-2024-as-prices-increase-amid-reduced-subsidies/articleshow/109806054.cms" target="_blank">Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies</a><a href="https://www.businessinsider.in/sports/webstories/t20-world-cup-here-are-the-squads-announced-by-major-participating-countries-so-far/slidelist/109787165.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/t20-world-cup-here-are-the-squads-announced-by-major-participating-countries-so-far/slidelist/109787165.cms" target="_blank">T20 World Cup: Here are the squads announced by major participating countries so far</a><a href="https://www.businessinsider.in/business/auto/news/april-auto-sales-hyundai-continues-to-hold-the-second-position-as-tata-motors-inches-closer/articleshow/109777834.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/april-auto-sales-hyundai-continues-to-hold-the-second-position-as-tata-motors-inches-closer/articleshow/109777834.cms" target="_blank">April auto sales – Hyundai continues to hold the second position as Tata Motors inches closer</a>

Adani Green Energy Q4 net profit declines 39 pc to Rs 310 cr due to rising expenses

Billionaire Gautam Adani's group is building the world's largest <keyword id="864915" type="General" weightage="20" keywordseo="renewable-energy-park" source="Orion">renewable energy park</keyword> in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from <keyword id="6357019" type="General" weightage="20" keywordseo="solar-energy" source="Orion">solar energy</keyword>. Speaking at the opening of '<keyword id="694229" type="General" weightage="20" keywordseo="energy-revolution" source="Orion">Energy Revolution</keyword>: The <keyword id="3179546" type="General" weightage="20" keywordseo="adani-green-energy" source="Orion">Adani Green Energy</keyword> Gallery' at the Science Museum in London, Gautam Adani said his group's renewable energy arm, Adani Green Energy, is leading an energy transition that honours the commitment of taking care of the planet not just for this generation and the next but also for generations to come. "As the world's leading solar power developer and India's largest renewable energy company, we are taking very big steps," he said. "In Khavda, which is in the state of Gujarat, we are building the world's largest renewable energy park. It will have a generation capacity of 30 GW of energy - and it is incredibly big. Its area of 538 square kilometers is more than five times bigger than Paris." This is part of the aim to reach 45 GW of renewable energy by 2030, said Adani, the chairman of the apples-to-airport conglomerate. "This will be like providing clean energy to almost every house in England," he said. It currently has an operating renewable portfolio of over 9.5 GW and locked-in projects of up to 21.8 Gigawatt (GW). The Gallery explores how the world can generate and use energy more sustainably to urgently decarbonise and to limit dangerous climate change. "Through striking displays of contemporary and historic objects from the UK and abroad, interactive digital exhibits, and specially commissioned models, the gallery shows how the past, present and future are shaped by human imagination and innovation and explores how we all have a role to play in deciding our energy future," a company statement said. The Gallery, which is open to the public for free, examines this century's defining challenge through the lens of imagination across three sections. In Future Planet, visitors can explore how scientists use complex computer-based models to understand our planet, and what these tell us about the range of climate futures that might lie ahead. In Future Energy, technologies and the people behind them that are reimagining how energy is supplied and used are highlighted alongside historic artefacts which provide a longer view of the transition away from fossil fuels. Adani said museums are very important because they teach and inspire. "This new gallery is about more than just clean air - or about moving away from oil and gas. It is about the energy transition we need - this world needs - and it is about the revolution that is taking place in the world of energy." The gallery, he said, was special because it makes us think, dream and wish for change. At the centre of the gallery is Only Breath, a moving sculpture that signifies the power of nature to inspire technological change. Radiating outward from the centre are plinths which display vital low-carbon renewable energy technologies for the transition, from nuclear, hydrogen and solar to wind and tidal power, alongside remarkable historic innovations that remind us how major change is possible and that many of the technologies needed to make the low-carbon energy transition already exist. Objects in this section include a 7m long tidal turbine blade made by Scottish renewable energy company Orbital Marine Power and the first electric taxi, the Bersey cab, hailed by Londoners in 1897. The challenges of electrification, energy storage, and supply and demand are also explored, with visitors invited to play interactive games and use models that show how energy can be generated and distributed. Possible routes to low-carbon transport are featured, as well the decarbonisation of our buildings and construction industries, and visitors can learn about climate modelling and see instruments used to measure climate. Energy Revolution was designed by award-winning architects, Unknown Works. A key element of sustainable design was the reuse of redundant shelves from the Science Museum's former object store. The gallery's carbon footprint has been monitored, and recyclable aluminium was used where possible. The gallery's Title Funder is Adani Green Energy. Sagar Adani, Executive Director, AGEL, said, "The Science Museum has put together the world's best curated gallery on energy transition. As one of the world's largest renewable energy companies, we are committed to making progress towards net zero - and there is no greater resource in the fight against climate change than education. "Through the sponsorship of the gallery, we aim to inspire young minds, scientists and innovators to imagine a future powered by clean energy and build a carbon-free world. It is an initiative to stimulate their interest, curiosity and awareness, and encourage their active participation in creating clean technologies. The gallery brings together the global community to enable the shift towards energy efficiency, clean energy adoption and carbon emissions reduction." Sir Ian Blatchford, Director and Chief Executive of the Science Museum Group, said, "In a week when we're celebrating a record 2.25 million visits by UK residents to the museum, including a million children, this stunning gallery offers even more to ignite curiosity among those who will visit in the year ahead - provoking important conversations about the urgent need for the world to generate and use energy more sustainably."

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