Renewable Energy: Adani Power Options Q2 revenue rises 46 per cent to Rs 284 crore

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Renewable Energy: Adani Power Options Q2 revenue rises 46 per cent to Rs 284 crore

NEW DELHI: Adani Power Options on Monday posted 46 per cent rise in consolidated web revenue to Rs 284 crore for September quarter 2023-24, primarily on the again of upper revenues. Within the year-ago interval, the revenue was Rs 194 crore, an organization assertion mentioned.
Whole income rose to Rs 3,421 crore within the quarter from Rs 3,032 crore within the year-ago interval.
Income witnessed a double-digit progress within the quarter on account of varied components together with buyer additions, the corporate mentioned.
It mentioned the proportion of renewable energy within the whole vitality combine additional elevated to 38 per cent. The vitality demand (models bought) improved by 9.5 per cent year-on-year, pushed by a rise in industrial phase demand.
Distribution lack of Adani Power Options Ltd (AESL) within the September quarter was at 5.81 per cent, with a better share of e-payments at 79.2 per cent.
“Our pipeline of tasks in each transmission and good metering will additional strengthen our pan-India presence and consolidate our place.
“AESL is…pursuing disciplined progress with strategic and operational de-risking, capital conservation, guaranteeing excessive credit score high quality, and enterprise excellence with excessive governance requirements,” Anil Sardana, Managing Director of AESL, mentioned.