Following this announcement, the stock tumbled 17.61% to currently trade at Rs 1163.20 on the BSE. In a regulatory filing made post market opening today, the Adani Group company stated that the United States Department of Justice (US DOJ) and the United States Securities and Exchange Commission (US SEC) have issued a criminal indictment and brought a civil complaint, respectively, in the United States District Court for the Eastern District of New York, against the company's board members, Gautam Adani and Sagar Adani. The United States Department of Justice have also included Adani Green's board member, Vneet Jaain, in such criminal indictment. In light of these developments, our subsidiaries have presently decided not to proceed with the proposed USD denominated bond offerings. Adani Green Energy (AGEL), a part of India-based Adani Group, has one of the largest global renewable portfolios with overall portfolio of 20.4 gigawatt (GW) including operating, under-construction and awarded projects catering to investment-grade counterparties. The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects. The company's consolidated net profit declined 25.81% to Rs 276 crore despite a 37.55% increase in net sales to Rs 3,033 crore in Q2 FY25 as compared with Q2 FY24. Powered by Capital Market - Live

Statement issued by Adani Green Energy: The United States Department of Justice and the United States Securities and Exchange Commission have issued a criminal indictment and brought a civil complaint, respectively, in the United States District Court for the Eastern District of New York, against our Board members, Gautam Adani and Sagar Adani. The United States Department of Justice have also included our Board member, Vneet Jaain, in such criminal indictment. In light of these developments, our subsidiaries have presently decided not to proceed with the proposed USD denominated bond offerings. Powered by Capital Market - Live

Adani Green Energy announced that its 100% step-down subsidiaries Adani Hybrid Energy Jaisalmer One, Adani Hybrid Energy Jaisalmer Two and Adani Solar Energy Jaisalmer One (Issuers) are offering USD-denominated Rule 144A / Regulation S senior secured notes (Notes) with 20 years door to door tenor and ~13.09 years weighted average life may follow, subject to market conditions. The Issuers intend to use the gross proceeds of the Notes to repay their foreign currency loans. The Notes are expected to be rated BBB-/Stable (EXP) by Fitch, Baa3/Stable by Moody's and BBB+/Stable by CAREEDGE GlobalPowered by Capital Market - Live

Adani Green Energy Ltd fell for a fifth straight session today. The stock is quoting at Rs 1495.35, down 1.89% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Adani Green Energy Ltd has eased around 15.77% in last one month.Meanwhile, Nifty Energy index of which Adani Green Energy Ltd is a constituent, has eased around 10.14% in last one month and is currently quoting at 37705.65, down 1.02% on the day. The volume in the stock stood at 3.25 lakh shares today, compared to the daily average of 5.76 lakh shares in last one month.The PE of the stock is 0 based on TTM earnings ending September 24.Powered by Capital Market - Live

Net profit of Adani Green Energy declined 25.81% to Rs 276.00 crore in the quarter ended September 2024 as against Rs 372.00 crore during the previous quarter ended September 2023. Sales rose 37.55% to Rs 3033.00 crore in the quarter ended September 2024 as against Rs 2205.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3033.002205.00 38 OPM %72.7077.05 - PBDT1157.00903.00 28 PBT539.00429.00 26 NP276.00372.00 -26 Powered by Capital Market - Live

Adani Green Energy will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

Adani Renewable Energy Three, a wholly-owned stepdown subsidiary of Adani Green Energy has entered into power consumption agreement (PCA) for supply of green power to a commercial and industrial (C&I) customer. The said green power shall be supplied from a new 61.4 MW renewable energy plant, located at Khavda, Gujarat.Powered by Capital Market - Live

Adani Green Energy and TotalEnergies (a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity) have entered into a joint venture, pursuant to which the Company and TotalEnergies own a 50:50 stake in Adani Renewable Energy Sixty Four (ARE64L), which in-turn houses a 1,150 MWac project portfolio, being a mix of following operational and under execution solar assets, with a blend of both, merchant based and SECI PPA projects housed under Adani Renewable Energy Fifty Six (hereinafter referred to as 'Project Portfolio Company'). As part of the transaction, TotalEnergies has acquired a 50% stake in ARE64L, for an amount of USD 444 Million which are terms more beneficial to the Company (Transaction) as also disclosed pursuant to the notice issued for calling an extraordinary general meeting of the shareholders issued on 02 September 2024. With this investment, ARE64L has now become 50-50 owned by the Company and TotalEnergies.  Powered by Capital Market - Live

Adani Green Energy (AGEL) has completed redemption of all outstanding USD 750 million 4.375% Holdco Notes due on 8 September 2024. This follows AGEL's announcement, in January 2024, to fully backstop the Holdco Notes through a fully funded redemption reserve account maintained eight months prior to the redemption date to facilitate full redemption of Holdco Notes upon maturity in compliance with applicable guidelines. Issued in September 2021, the three-year Holdco Notes have supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold ' from 3.5 GW to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48%. AGEL's overall capital management philosophy has remained focused on long-term value creation through asset development and positioned AGEL as a self-propelled growth engine. It also emphasizes the structured approach to accomplish credit metrics akin to investment grade profile for its underlying debt capital raise program. With this, AGEL is committed to having capital market issuances tailored for long-term infra asset class supported through the predictable and robust cashflow stream to attain long curve emulating underlying asset life.Powered by Capital Market - Live

Adani Green Energy announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 25 September 2024 .Powered by Capital Market - Live