Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and nine months ended December 31, 2023

The emerging core infra businesses under the incubation pipeline of AEL have shown strong operational performance and consistently reflected significant contribution to the growth journey during the last 9 months of this fiscal year. The company's incubating businesses, comprising green hydrogen ecosystem, airports and roads contribute 45% of the overall EBITDA.

“Adani Enterprises has had a robust third quarter, with two of our major incubating businesses picking up momentum,” said Mr. Gautam Adani, Chairman of the Adani Group. “Our ongoing commitment to enhancing customer satisfaction and redefining the overall consumer experience at our airports remains steadfast. We are also pleased with the pace of our advance in establishing a fully integrated manufacturing chain for green hydrogen production. This fully integrated approach will provide us a tremendous advantage in end-to-end planning, granting us superior control over the final product and its cost. The scale of opportunities these businesses present is not only unprecedented but also allows us to strongly position ourselves as a leading source of clean, sustainable and affordable alternative energy.”

Note: 1. PAT attributable to owners 2.Cash Accruals is equal to Profit Before Tax + Depreciation – Current Taxes

Adani New Industries Ecosystem:

Solar manufacturing:

• Operational module line capacity at 4.0 GW
• Wafer production from pilot plant continues, and commissioning of 2 GW plant is progressing as per schedule

Wind Turbine manufacturing

• Order Book - 142 sets
• Produced 15 WTG sets & supplied 07 sets
• Measurement & load evaluation in progress as per schedule for Prototype 2 using own manufactured blades
• Blade, Nacelle & Hub Facility – Production ramp up in line with delivery schedule

Electrolysers manufacturing

• Letter of Award for set-up of annual manufacturing capacity of 198.5 MW
• Civil foundation and flooring works completed for the Testing & Laboratory set up

AdaniConnex Pvt Ltd (ACX - Data Center):

Noida Data Center:

• Construction Completion ~74% of 50MW core & shell + 10 MW MEP (Mechanical, Electrical & Plumping works)

Hyderabad Data Center

• Construction Completion ~85% for Phase I - 9.6 MW

Total Order Book

• 112+ MW from Hyperscale & Enterprise customers

Adani Airports Holdings Ltd (AAHL - Airports)

• Added 19 new routes, 9 new airlines and 5 new flights
• Navi Mumbai project progress on schedule
• Environmental Excellence Award 2023 received by
  • Ahmedabad International Airport for strong commitment to sustainability & outstanding practices in waste recycling, water management, energy efficiency and reduction in gas emissions
  • Thiruvananthapuram International Airport for achievement in emission reduction initiatives