Adani Green Energy (AGEL) has completed redemption of all outstanding USD 750 million 4.375% Holdco Notes due on 8 September 2024. This follows AGEL's announcement, in January 2024, to fully backstop the Holdco Notes through a fully funded redemption reserve account maintained eight months prior to the redemption date to facilitate full redemption of Holdco Notes upon maturity in compliance with applicable guidelines. Issued in September 2021, the three-year Holdco Notes have supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold ' from 3.5 GW to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48%. AGEL's overall capital management philosophy has remained focused on long-term value creation through asset development and positioned AGEL as a self-propelled growth engine. It also emphasizes the structured approach to accomplish credit metrics akin to investment grade profile for its underlying debt capital raise program. With this, AGEL is committed to having capital market issuances tailored for long-term infra asset class supported through the predictable and robust cashflow stream to attain long curve emulating underlying asset life.Powered by Capital Market - Live

Adani Green Energy announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 25 September 2024 .Powered by Capital Market - Live

Adani Green Energy (AGEL) and TotalEnergies, have announced a strategic joint venture (JV), equally owned by both entities, aimed at managing a portfolio of solar projects totaling 1,150 MW. The projects are located at the world's largest renewable energy plant in Khavda, Gujarat. AGEL will contribute its current assets to the new JV, while TotalEnergies plans to inject USD 444 million to accelerate the development of these projects. This investment underscores AGEL and TotalEnergies' commitment to bolstering collaboration, aligning with their shared objective of expediting India's transition to clean energy. It is a testament of AGEL's proven capabilities in delivering green energy at unprecedented speed and scale. The electricity generated from the 1,150 MW solar projects will be sold through Power Purchase Agreements (PPAs) with Solar Energy Corporation of India (SECI), and through sales on the wholesale market. AGEL is developing the world's largest renewable energy plant on barren wasteland at Khavda, Gujarat covering an area five times larger than Paris at 538 square kilometers. AGEL has already operationalized cumulative capacity of 2,250 MW solar and wind energy at the site. Once completed, the plant will supply affordable clean energy to over 16 million homes in India, generate over 15,200 green jobs and avoid about 58 million tons of CO2 emissions annually. The signing and completion of the transaction is subject to customary closing conditions including regulatory approvalsPowered by Capital Market - Live

Adani Green Energy Ltd gained for a fifth straight session today. The stock is quoting at Rs 1834.25, up 2% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.38% on the day, quoting at 24255.45. The Sensex is at 79293.48, down 0.45%. Adani Green Energy Ltd has gained around 5.35% in last one month. Meanwhile, Nifty Energy index of which Adani Green Energy Ltd is a constituent, has gained around 1.15% in last one month and is currently quoting at 42916.05, down 0.26% on the day. The volume in the stock stood at 7.81 lakh shares today, compared to the daily average of 30.66 lakh shares in last one month.The PE of the stock is 0 based on TTM earnings ending June 24.Powered by Capital Market - Live