Adani Green Energy: A major reshuffle has been done at the management level of Adani Green, a company of Adani Group. Amit Singh has been made the new CEO of the company. He will take over his responsibility from May 11. Sagar R Adani has been reappointed as Executive Director for five years from 31 August 2023. However, approval from the shareholders is yet to be received.
Who is Amit Singh
According to the information released by Adani Green, Amit Singh is an IIT graduate. Has 22 years of professional work experience in the Oil Sector, Digital Advancement and Energy Sector. Amit Singh has experience of working in many countries including Europe, America, Asia and Middle East.
Amit Singh used to handle this responsibility
Prior to joining the Adani Group, Amit Singh was the Director of Strategy & Marketing, Digital and Integration division of London based SLB. Amit Singh was responsible for developing corporate strategy, managing research and engineering investments in new technologies, corporate branding, Tier 1 partnerships and investments in emerging technologies.
Vineet S Jain became MD
Vineet S Jain, CEO of the existing Adani Green Company, has been made MD from CEO. He will take charge of this post from May 11. Vineet Jain has been associated with Adani Group for 15 years. Prior to Adani Green, he was involved in the management of Adani Power and Adani Infra.
Adani Green recorded good profits
Adani Green, a company of Adani Group, has recorded nearly four times profit even after Hindenburg’s report. Adani Green’s profit during the fourth quarter increased by 319 percent to net profit of 507 crores by the end of March 2023. As per the result, the Adani firm’s total income has increased by 88 per cent to Rs 2,988 crore in Q4FY23 as compared to Rs 1,587 crore in Q4FY22.
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