Synopsis:
Adani Green Energy is in focus after its subsidiary secured a 500 MW pumped hydro storage project in Assam. The stock gained nearly 3%, supported by a 40-year contract offering an annual tariff of Rs. 1.03 crore per MW.
This company is in business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities is now in the focus after it secured a 500 MV pumped hydro storage project in Assam.
With market capitalization of Rs. 1,78,620 cr, the shares of Adani Green Energy Ltd are currently trading at Rs. 1,086 per share, increasing nearly 3% in today’s market session making a high of Rs. 1,104.90, from its previous close of Rs. 1,076.80 per share.
News
Adani Green Energy’s wholly owned subsidiary, Adani Saur Urja (KA) Ltd, has received a Letter of Award from Assam Power Distribution Company Ltd. to provide 500 MW of pumped hydro energy storage capacity. The project was secured through competitive bidding, with an annual fixed tariff of Rs. 1.03 cr per MW for a 40-year period from COD. The LOA was received on November 13, 2025.
Additionally, Adani Group announced that they will invest Rs. 63,000 crore in Assam across two major energy projects after receiving Letters of Award from the state government. Adani Power will invest Rs. 48,000 crore to develop a 3,200 MW ultra supercritical thermal power plant.
Adani Green Energy plans to invest Rs. 15,000 crore in two pumped storage projects totaling 2,700 MW, including a 500 MW awarded capacity. These projects are expected to generate around 30,000 jobs during construction and mark the largest-ever private sector investment in Northeast India, supporting energy security, renewable integration, and regional economic growth.
About the company
Adani Green Energy Ltd is one of India’s largest renewable energy companies, focused on developing, owning, and operating utility-scale solar, wind, hybrid, and energy storage projects. With a rapidly growing clean-energy portfolio spread across multiple states, the company aims to support India’s transition to sustainable power and has set ambitious targets to expand its renewable generation capacity in the coming years.
The company reported stable sales at Rs. 3,008 crore in Q2FY26 from Rs. 3,005 crore last year, while EBITDA grew 17% YoY to Rs. 2,603 crore. The company delivered a strong profitability surge, with net profit rising 25% YoY to Rs. 644 crore and EPS doubling to Rs. 3.54. The company has a ROCE of 8.7% and ROE of 14.6%, and it has posted an impressive 127% profit CAGR over the last five years.
Written by Manideep Appana
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