Adani Group Hosts EU Ambassadors to Boost Energy Transition and Hydrogen Ecosystem
Key Ideas
- Gautam Adani, Chairman of Adani Group, hosted ambassadors from the EU, Belgium, Denmark, and Germany to discuss strengthening global partnerships for India's energy transition and advancing the hydrogen ecosystem.
- Adani Green Energy Ltd reported significant financial growth with a 20% increase in EBITDA and a surge in cash profit, showcasing their commitment to renewable energy initiatives.
- Adani Ports and Special Economic Zone Ltd also demonstrated strong performance with a 42% rise in net profit, driven by milestones like Mundra Port crossing 100 MMT in 181 days.
- The Adani Group is on track to achieve ambitious renewable energy targets, including operationalizing the first 250 MW wind capacity and aiming for a 2030 RE capacity of 50 GW, with a focus on energy storage.
Gautam Adani, Chairman of the Adani Group, welcomed ambassadors from the European Union, Belgium, Denmark, and Germany to visit key energy infrastructure in Khavda, Gujarat, and Mundra, India. Discussions centered on strengthening global partnerships to drive India's energy transition and enhance the hydrogen ecosystem. Adani Group emphasized their commitment to renewable energy initiatives while ensuring a sustainable energy mix for India's future. Adani Green Energy Ltd reported significant financial growth in the first half of FY25, reflecting a strong focus on renewable energy projects and achieving targets. Adani Ports and Special Economic Zone Ltd also showcased impressive performance, with a surge in net profit driven by milestones like Mundra Port's cargo volume. The Adani Group remains focused on achieving its ambitious renewable energy targets, including significant capacity expansion and energy storage solutions.