Adani Green Energy Ltd

Adani Green Energy will hold a meeting of the Board of Directors of the Company on 28 April 2025.Powered by Capital Market - Live

Stocks to Watch: Auto stocks in focus as companies are set to unveil their monthly reports. Bombay Stock Exchange (BSE)'s board approved the issue of 2 bonus equity shares for every 1 full paid up equity share held by the shareholders of the company as on record date. Adani Green Energy (AGEL)'s wholly-owned step-down subsidiary, Adani Renewable Energy Fifty Seven, has successfully operationalized a 37.5 MW solar power project at Khavda, Gujarat. Power Mech Projects has secured an order worth Rs 425 crore from Mirzapur Thermal Energy (UP), a wholly owned subsidiary of Adani Power. IRCON International announced that its joint venture with SSNR Projects has secured a contract worth Rs 872.69 crore from Rail Vikas Nigam (RVNL) for the construction of railway tunnels. RailTel Corporation of India has received a work order from Ircon International amounting to Rs 162.58 crore. Hindustan Aeronautics (HAL) has signed two contracts with the Ministry of Defence (MoD) for the supply of 156 Light Combat Helicopters (LCH), Prachand, along with training and other associated equipment, worth Rs 62,700 crore. Manappuram Finance's board has approved a fund-raising program for fiscal year FY2025-26. Fund-raising program includes issuance of redeemable non-convertible debentures (NCDs) up to an overall limit of Rs 5,500 crore by way of private placement or public issue in one or more tranches. JSW Steel received a Letter of Intent (LoI) from Bharat Coking Coal (BCCL) for the appointment as Washery Developer & Operator for Dugda Coal Washery at Bokaro in Jharkhand, for a period of 25 years. Sun Pharma Advanced Research Company (SPARC) has submitted an investigational new drug (IND) application with the US Food and Drug Administration (FDA) for its antibody'drug conjugate (ADC) SBO-154. SBI Cards and Payment Services' Abhijit Chakravorty has tendered his resignation from the position of managing director (MD) & chief executive officer (CEO) of the company, effective from the close of business hours on 31 March 2025.Powered by Capital Market - Live

Adani Renewable Energy Fifty Seven Limited, Wholly-owned stepdown subsidiary of Adani Green Energy has operationalised incremental solar power project of 37.50 MW at Khavda, Gujarat. With operationalisation of this plant, AGEL's total operational renewable generation capacity has increased to 13,737.8 MW. Based on the relevant clearances, it was decided at 8.19 a.m. on 29 March 2025 to operationalize the plant from 29 March 2025. Powered by Capital Market - Live

With the addition of this new facility, AGEL's total operational renewable energy capacity has now surged to 13,737.8 MW, further strengthening its position as a key player in India's clean energy sector. The decision to bring the plant online was made at 8:19 a.m. on 29 March 2025, following the necessary clearances. Adani Green Energy is India's largest and one of the leading renewable energy companies in the world enabling the clean energy transition. It develops, owns, and operates utility scale grid-connected solar, wind, hybrid and hydro pumped storage renewable power plants. The company has set a target of achieving 50 GW by 2030 aligned to India's decarbonization goals. The company's consolidated net profit rose 92.2% to Rs 492 crore on a 3.1% increase in net sales to Rs 2,286 crore in Q3 FY25 over Q3 FY24. The counter shed 1.10% to Rs 949.05 on Friday, 28 March 2025. Powered by Capital Market - Live

The project involves the supply of 400 MW of solar power from a grid-connected solar PV power plant to be developed in the state of Rajasthan. The LOA covers the supply of power for a duration of 25 years. In addition, the company clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, promoter group, nor any group companies have any interest in the awarding entity. Adani Green Energy is a global leader in renewable energy, developing and operating solar, wind, hybrid, and hydropower plants across India. With the largest operating renewable portfolio in India at 11.7 GW, AGEL is committed to achieving 50 GW of renewable energy capacity by 2030. The company's consolidated net profit rose 92.2% to Rs 492 crore on a 3.1% increase in sales to Rs 2,286 crore in Q3 FY25 as compared with Q3 FY24. The counter shed 0.17% to Rs 958 on the BSE. Powered by Capital Market - Live

Adani Renewable Energy Holding Twelve (AREH12L), a Wholly-owned Subsidiary of Adani Green Energy, has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation (UPPCL) for supply of 400 MW solar power from grid connected solar PV power project to be developed in the state of Rajasthan at a tariff of Rs. 2.57/kWh for a period of 25 years.Powered by Capital Market - Live

Adani Green Energy Ltd is up for a fifth straight session today. The stock is quoting at Rs 910.65, up 1.08% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.32% on the day, quoting at 22906.6. The Sensex is at 75488.12, up 0.25%. Adani Green Energy Ltd has gained around 5.28% in last one month. Meanwhile, Nifty Energy index of which Adani Green Energy Ltd is a constituent, has gained around 2.9% in last one month and is currently quoting at 32165.5, up 1.63% on the day. The volume in the stock stood at 18.53 lakh shares today, compared to the daily average of 87.85 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 913.75, up 1.13% on the day. Adani Green Energy Ltd is down 50.72% in last one year as compared to a 4.89% jump in NIFTY and a 13.13% jump in the Nifty Energy index.The PE of the stock is 312.86 based on TTM earnings ending December 24.Powered by Capital Market - Live

Adani Green Energy Ltd is up for a third straight session today. The stock is quoting at Rs 896.05, up 2.56% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 22451.8. The Sensex is at 73995.1, up 0.23%. Adani Green Energy Ltd has slipped around 0.17% in last one month. Meanwhile, Nifty Energy index of which Adani Green Energy Ltd is a constituent, has slipped around 2.28% in last one month and is currently quoting at 31483, up 0.22% on the day. The volume in the stock stood at 37.24 lakh shares today, compared to the daily average of 85.92 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 901, up 2.92% on the day. Adani Green Energy Ltd is down 52.08% in last one year as compared to a 1.8% jump in NIFTY and a 16.58% jump in the Nifty Energy index.The PE of the stock is 303.45 based on TTM earnings ending December 24.Powered by Capital Market - Live

With the commissioning of this plant, AGEL's total operational renewable generation capacity has increased to 12,591.1 MW. Adani Green Energy is a global leader in renewable energy, developing and operating solar, wind, hybrid, and hydropower plants across India. With the largest operating renewable portfolio in India at 11.7 GW, AGEL is committed to achieving 50 GW of renewable energy capacity by 2030. The company's consolidated net profit rose 92.2% to Rs 492 crore on a 3.1% increase in sales to Rs 2,286 crore in Q3 FY25 as compared with Q3 FY24. Shares of Adani Green Energy rose 0.37% to Rs 828.10 on the BSE.Powered by Capital Market - Live

Adani Green Energy (AGEL) has successfully refinanced its maiden Construction Facility with outstanding of USD 1.06 billion taken in 2021 to develop India's largest solar-wind hybrid renewable cluster in Rajasthan. The long-term financing raised to refinance its Construction Facility has door-to-door tenor of 19 years with fully amortized debt structure emulating the underlying asset life. With this breakthrough, AGEL has successfully completed its capital management program for the underlying asset portfolio, which involves securing long-term facilities that are perfectly aligned with the cash flow lifecycle of that portfolio. The framework of this program provides significant benefits through deep access to diverse pools of capital, securing large sums with long duration. This approach not only enhances financial stability but also ensures AGEL's ability to continue its growth trajectory and deliver sustainable value creation to its stakeholders. The refinancing facility has received a rating of AA+/Stable from three domestic rating agencies'ICRA, India Ratings, and CareEdge Ratings. Powered by Capital Market - Live