ADANIGREEN / Q3-FY24 / claim-ledger

Audit the questions that mattered.

Adani Green Energy · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY24 · 2024-01-15Back to quarter ↗

Questions audited

12

Answered directly

58%

Numeric claims

1

Consistency

contradicted

Question ledger

What was answered, and how?

Niraj Shah · GeeCee Holdings

evasive

Merchant portfolio contribution to 45 GW target and group capital potential.

Today, I think it's between 3%-5%, and I think we feel that, we will have a bigger capacity, you know, in, lower teens by end of, this decade. Now, I think it's very hard to give an exact number.

Niraj Shah · GeeCee Holdings

direct

Tax implication and accounting treatment of total JV deal.

No, I think, there will not be any tax implication, actually, on that.

Nikhil Abhyankar · ICICI Securities

partial

Reason for not participating in new bids and preference for solar/wind/hybrid.

I think it is very clear that you know, we have to match our existing locking portfolio with you know, our execution pace and capacity. ... we will selectively participate, where we feel we can get the best returns.

Nikhil Abhyankar · ICICI Securities

direct

Problems in improving execution capacity.

No, I would not say problems. ... The first is really having a very clear transmission network available to evacuate power. ... Second is really about managing supply chain. ... And the third is people.

Nikhil Abhyankar · ICICI Securities

evasive

Plans and timeline for pumped storage projects.

We are very close to doing one project. And I think that's something which we will be able to come out very soon and give you the details.

Nikhil Abhyankar · ICICI Securities

partial

Capacity addition in the next three months.

I think, in the next quarter, I think we feel that we will be north of 2-2.5 is what we are targeting.

Speaker 9 · AllianceBernstein

direct

Whether transmission is a major problem for capacity addition.

I have already solved it. ... I have solved the land issue, land point. I have solved the transmission planning for the next year. ... So I think from a risk perspective, we have already covered ourselves.

Nikhil Abhyankar · ICICI Securities

direct

Expected EBITDA and debt level of 1 GW transferred to JV.

So our debt, which will be transferred as a part of that platform, should be nearly INR 1,500 crore. ... this should have an EBITDA between INR 190-200 crore.

Speaker 10 · Avendus Spark

direct

Impact of lower module prices on project returns.

So the number is broadly 1.2%-1.3% additional equity IRR for every cent of reduction.

Speaker 10 · Avendus Spark

direct

Impact of ALMM implementation from April 2024.

Most of my or virtually 97% or 98% of my balanced long-term portfolio, all my PPAs does not have ALMM applicability. So, whatever I buy for them, I can buy from China.

Speaker 10 · Avendus Spark

evasive

Equipment ecosystem for pumped storage projects.

When we say that we are developing a pumped storage part of our business as a next frontier for a higher return portfolio, then obviously that is one area which we have looked at very seriously and worked with our suppliers to ensure that we are invested in that area.

Speaker 9 · AllianceBernstein

evasive

Reason for not achieving 2.5 GW in next three months.

I think there's a lot of moving parts, Kumar, in renewable project, right? ... Won't be able to give too much color on that, but we're very confident that we will be towards the, you know, higher end of that number.