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The renewable energy industry is one of the most significant areas for the sustainable development of an economy. The strategic significance of renewable energy in the economy is immeasurable. An important factor supporting the social economy's sustainable growth is industry’s development in renewable energy. Its strategic importance to national security and the economy is immense. India's renewable energy sector is being nurtured, developed, and upgraded through a multifaceted process involving resources, technology, management, and money. A new field of public policy that will greatly affect global investors, renewable energy finance calls for creativity and investigation. Many scientists still believe that science and engineering are the keys to renewable energy, but access to capital will ultimately determine the future of renewable energy. India's renewable energy market is expanding quickly and offers great potential for financial gain. Using several financial ratios, the current research article seeks to understand the financial performance of one of the major green renewable energy companies in India, i.e., Adani Green Energy Company. This study examines the financial performance of Adani Green Energy Company for a period of five years, starting from 2019 to 2023. There are different financial ratios like liquidity, solvency, and profitability ratios were used to investigate the financial performance of one of the major renewable energy companies in India. The results showed mixed results about the performance of Adani Green Renewable Energy Company. The liquidity and solvency position of the company were satisfactory, while profitability is an area of high concern for the company.
- et al. (Thu,) studied this question.
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