Ahmedabad: Adani Green Energy Ltd (AGEL) in July reported robust results for the April-June quarter (Q1) of the current fiscal, clocking a 23 per cent industry-leading EBITDA growth at Rs 2,374 crore, as cash profit surged 32 per cent (year-on-year) to Rs 1,390 crore. The total revenue for India’s largest and fastest-growing pure-play renewable energy company grew an impressive 24 per cent to Rs 2,528 crore in the quarter.

The robust growth in revenue, EBITDA and cash profit is primarily driven by a capacity addition of 2,618 MW over the last year, the company said in a statement. Amit Singh, CEO of Adani Green Energy, said that they are working relentlessly towards the development of the world’s largest single-location renewable energy plant of 30 GW at Khavda in Gujarat. The Khavda renewable energy plant is spread over an area of 538 sq km, almost five times the city of Paris. This is not only the world’s largest single-location renewable energy plant but also the world’s largest single-location power plant across all power sources. Within 12 months of breaking ground, AGEL already operationalised the first 2 GW and plans to add a total of 6 GW capacity in FY25 and Khavda will contribute a major part of this capacity. The entire 30 GW RE capacity will be developed in Khavda by 2029, also setting a global benchmark for the speed of execution at such a large scale, said the company.