Adani Portfolio announces Q1 FY25 performance

Friday, 23 August 2024 00:00 - - {{hitsCtrl.values.hits}}

Khavda: Total operationalised capacity now at 2,250 MW with 250 MW wind capacity addition in July

In line with its commitment to transparency, Adani Group, one of South Asia’s leading infrastructure conglomerate, recently announced the release of the Adani Portfolio’s latest Results and Credit Compendium.

The Results Compendium provides a comprehensive overview of the financial performance of Adani Portfolio and the Credit Compendium offers in-depth insights into the portfolio’s robust credit strength.

The strong performance for the quarter was led by Adani Enterprises’ emerging businesses, including solar and wind manufacturing — India’s largest and part of a fully integrated green hydrogen chain — as well as its airports and roads sectors. These fast-growing businesses now contribute 13.3% to the portfolio-level Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) up from 7.2% a year ago.

This expansive yet resilient growth is attributed to Adani’s strategic focus on its infrastructure platform, which provides high stability and predictability.

Adani Enterprises

The solar manufacturing business (India’s first and largest vertically integrated solar PV manufacturer), operationalized MSPVL (Mundra Solar Ltd.) cell lines.
In airports, the annual passenger movement across seven 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. Further, 25 new brands were added at Lucknow airport after the Terminal 3 inauguration.
The roads business saw the highest ever 730 lane-km construction done during this quarter

Adani Green Energy.

Construction work for 500 MW hydro pump storage has commenced.
Capacity addition of 31% YoY during the quarter. Another 250-wind capacity was operationalized in July at Khavda, total capacity now stands at 11.2 GW.

Adani Energy Solutions

Khavda-Bhuj Transmission Line (KBTL) is fully commissioned. The line will enable 3 GW green power evacuation from Khavda.
1765 ckm Warora Kurnool Transmission Line (WKTL) fully commissioned. By ensuring seamless power flow between western and southern regions is has strengthened the national grid.

Adani Cements

Acquired Penna Cement (which owns Singha Cements, a company based in Sri Lanka that runs a cement packaging terminal with a capacity of 0.5 million metric tonnes per annum in Colombo). Increasing the total capacity to 89 MTPA.