This Adani Group stock which is a holding company of several subsidiaries conducting renewable power generation business and other ancillary activities within the group, in focus after the company received LoA from UPPCL for the PSP project.
Price Action
With a market capitalization of Rs. 1,33,850.74 Crores, the shares of Adani Green Energy Limited touched a day’s high of Rs. 858.45 per equity share, up 2.15 percent. The stock reiterated from the day’s high and was trading at Rs. 845 which is 0.55 percent up from its previous day’s close price of Rs. 840.35.
The stock delivered a negative return of 57.41 percent and underperformed the Nifty Index in the past year.
What Happened
The company’s stock was in focus after Adani Green Energy’s wholly owned subsidiary, Adani Saur Urja (LA) received a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for the procurement of 1,250 MW energy storage capacity from Pumped Hydro Storage Projects.
The LoA was received by the company on 24th February 2025 and it secured this capacity order through an e-Reverse Auction conducted by UPPCL. The Annual Fixed Cost payable under the LoA is ~Rs. 0.76 crore per MW per annum for the 40 years from the Commercial operation date (COD).
About the Company
Adani Green Energy is India’s largest renewable energy company, developing solar, wind, hybrid, and hydro-pumped storage projects. It aims to achieve 45 GW capacity by 2030, driving India’s clean energy transition with a strong presence across 12 states.
Resource & Contract Mix Diversification
The company plans to increase its Resource Mix by 2030 with the Solar segment expected to increase from 67 percent currently to 71 percent. Wind segment decline from 15 to 13 percent and the Hybrid segment decline to 5 to 18 percent. Offsetting the decline from those segments, Adani Green is planning to improve its Pump Storage Facilities segment by 11 percent.
For the year 2030, The Fixed Tariff Power Purchase Agreements for 25-year periods are expected to reduce to 85 percent from 92 percent currently of its contract mix. Offsetting that, Adani Green is expected to increase its Merchant Power Market mix from 8 percent currently to 15 percent which includes the Commercial & Industrial segment as well.
Financials
Its Revenue from operations increased by 2.33 percent year on year from Rs. 2,311 Crores in Q3FY24 to Rs. 2,365 Crores in Q3FY25, accompanied by a profits of Rs. 256 Crores to Rs. 474 Crores in the same period.
Written by Santhosh S
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