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• Feb 7, 2023 | Guriya Khatun

In the third quarter of the current fiscal, total income increased to Rs 2,258 crore from Rs 1,471 crore in the corresponding time last year.

Digital Desk: In the December quarter, Adani Green Energy's consolidated net profit more than quadrupled to Rs 103 crore, largely due to increased revenues.

According to a BSE statement on Tuesday, the company's combined net profit in the prior quarter was Rs 49 crore.

In the third quarter of the current fiscal, total income increased to Rs 2,258 crore from Rs 1,471 crore in the corresponding time last year.

The integration of a high-quality SB Electricity portfolio with a CUF of 26.0% in April–December 2022 period, persistent high plant availability, better grid availability, and improved solar irradiation boosted the solar CUF (Capacity Utilisation Factor) and sale of energy.

With considerable capacity development, the sale of energy from the wind portfolio has expanded significantly. The main reason the wind CUF decreased, though, was a single interruption in the transmission line (force majeure) for a 150 MW facility in Gujarat, which has now been fully restored.

According to Vneet S. Jaain, MD & CEO of Adani Green Energy, "We are making steady progress in our endeavour to lead the way towards large-scale adoption of affordable clean energy in India and we are on pace to achieve our long-term renewable capacity addition target."

According to the filing, Adani Green Energy would soon have the greatest operating capacity in India, at 8,300 MW, by the end of FY23.