Adani Group Hosts EU Ambassadors to Discuss Energy Transition and Hydrogen Ecosystem in Gujarat
Key Ideas
  • Gautam Adani, Chairman of the Adani Group, hosted ambassadors from the EU, Belgium, Denmark, and Germany to discuss energy transition and hydrogen ecosystem.
  • Discussions focused on strengthening global partnerships to accelerate India's energy transition.
  • Adani Green Energy Ltd reported significant EBITDA growth and cash profit surge in the first half of FY25, showing progress towards renewable energy initiatives.
  • Adani Ports and Special Economic Zone Ltd saw a substantial surge in net profit, reaffirming confidence in cargo volume trajectory and financial guidance for the year.
The Adani Group, led by Chairman Gautam Adani, hosted ambassadors from the European Union, Belgium, Denmark, and Germany in Gujarat to discuss energy transition and the hydrogen ecosystem. The discussions mainly centered on strengthening global partnerships to drive India's energy transition. Adani Green Energy Ltd reported impressive financial performance with 20% EBITDA growth and a 27% YoY surge in cash profit in the first half of FY25. The company operationalized the first 250 MW wind capacity at the world's largest renewable energy plant and is progressing towards its 2030 capacity target. Adani Ports and Special Economic Zone Ltd also witnessed a substantial surge in net profit in the first half of the fiscal year. The company expressed confidence in achieving its cargo guidance and hitting the upper end of its EBITDA guidance for the year, emphasizing the success of Mundra Port.
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