This Adani Group stock engaged in developing, operating, and maintaining renewable energy projects, including solar and wind power, jumped 2 percent after receiving an order from Uttar Pradesh Power Corporation Limited (UPPCL) for 400 MW of solar power projects.
Stock Price Movement
With a market capitalization of Rs. 151,932.48 crores, the share of Adani Green Energy Limited has reached an intraday high of Rs. 975.80 per equity share, rising nearly 1.69 percent from its previous day’s close price of Rs. 959.60. Since then, the stock has retreated and is currently trading at Rs. 959.15 per equity share.
What Happened
On March 28, 2025, Adani Renewable Energy Holding Twelve Limited (AREH12L), a wholly-owned subsidiary of Adani Green Energy Limited, received a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL).
The contract involves supplying 400 MW of solar power from a grid-connected solar PV project in Rajasthan at a fixed tariff of ₹2.57/kWh for 25 years. This agreement strengthens Adani Green’s renewable energy portfolio and supports India’s clean energy goals.
Recent news
On March 27, 2025, Adani Green Energy Limited commissioned 396.7 MW of renewable energy projects at Khavda, Gujarat, through its wholly-owned subsidiaries. The projects, including solar and wind energy, began power generation on March 28, 2025.
On March 28, 2025, Adani Renewable Energy Fifty Seven Limited, a wholly-owned stepdown subsidiary, commissioned a 212.50 MW solar power project at Khavda, Gujarat, increasing AGEL’s total renewable capacity to 13,700.3 MW.
Capacity Expansion
Adani Green Energy Limited has increased its operational capacity to 11.2 GW by adding 2.9 GW of new projects. The company is also developing the world’s largest renewable energy plant in Khavda, Gujarat, with a huge 30 GW capacity. AGEL plans to add around 6 GW of renewable energy in FY25.
Strategic Partnerships
Adani Green Energy Limited (AGEL) strengthened its collaboration with TotalEnergies through a joint venture, adding 1.15 GW of renewable energy with a $444 million investment. AGEL also became the first Indian renewable company to join the Utilities for Net Zero Alliance while maintaining top global ESG rankings.
Business Development
Adani Green Energy Limited (AGEL) signed a 25-year fixed tariff power purchase agreement (PPA) to supply 5 GW of solar power to Maharashtra State Discom.
The company also secured its first commercial and industrial (C&I) deal to provide 61 MW of renewable energy to a data center supporting Google’s carbon-free goals. With battery storage prices falling by 66 percent in two years, AGEL sees growth opportunities in integrating solar power with storage solutions.
Recent quarter results
Adani Green Energy Limited’s revenue rose by 2.34 percent from Rs. 2,311 crore in Q3 FY24 to Rs. 2,365 crore in Q3 FY25. The company’s net profit saw a significant increase of 85.16 percent, growing from Rs. 256 crore in Q3 FY24 to Rs. 474 crore in Q3 FY25.
Written By – Nikhil Naik
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