Gautam Adani-Backed Power Company Entered into Power Consumption Agreements and Tripartite Agreements
DSIJ Intelligence-1 / 31 Oct 2025/ Categories: Mindshare, Trending
The stock is up over 50 per cent from its 52-week low of Rs 758 per share.
Adani-green-energy-ltd-289554">Adani Green Energy Limited (AGEL) informed that Adani Solar Energy Jodhpur Six Limited and Adani Renewable Energy Forty One Limited, Wholly-owned stepdown subsidiaries of Adani Green Energy Limited, have entered into Power Consumption Agreements and Tripartite Agreements for the supply of 60 MW of solar-wind hybrid power to a commercial and industrial (C&I) customer. The said solar-wind hybrid power shall be supplied from a 50 MW solar power plant located at Baap, Rajasthan and a 52 MW wind power plant, located at Khavda, Gujarat.
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About Adani Green Energy Limited
Adani Green Energy Limited (AGEL) is India’s largest and one of the leading renewable energy companies in the world, enabling the clean energy transition. AGEL develops, owns, and operates utility-scale grid-connected solar, wind, hybrid and hydro-pumped storage renewable power plants. AGEL currently has an operating renewable portfolio of 11.2 GW, the largest in India, spread across 12 states. The company has set a target of achieving 50 GW by 2030, aligned to India’s decarbonization goals.
AGEL is focused on leveraging technology to reduce the Levelized Cost of Energy (LCOE) in pursuit of enabling large-scale adoption of affordable clean energy. AGEL’s operating portfolio is certified ‘water positive for plants of more than 200 MW capacity’, ‘single-use plastic free’ and ‘zero waste-to-landfill’, a testament to the company’s commitment to powering sustainable growth.
In Q2FY26 results, the company reported net sales of Rs 3,008 crore and net profit of Rs 644 crore while in its FY25 results, the company reported net sales of Rs 11,212 crore and net profit of Rs 2,001 crore. The company has a market cap of Rs 1.85 lakh crore and has delivered good profit growth of 127 per cent CAGR over the last 5 years with debtor days having improved from 68.9 to 50.1 days. The Life Insurance Corporation of India (LIC) has a 1.30 per cent stake. The stock is up over 50 per cent from its 52-week low of Rs 758 per share.
Disclaimer: The article is for informational purposes only and not investment advice.