Adani Green Energy Adds 125 MW Solar to Khavda, Stock Jumps Nearly 2%

Ahmedabad, September 1, 2025 – Adani Green Energy Limited (NSE: ADANIGREEN, BSE: 541450) today commissioned a 125 MW solar power project in Khavda, Gujarat, built by its subsidiary Adani Renewable Energy Fifty Six Limited. This new addition takes the company’s overall operational renewable capacity to 15,990.5 MW, solidifying its leadership position in India’s clean energy space.

Strategic Momentum & Milestones

This solar capacity increase is just months following the company inaugurating 50 MW of solar-wind hybrid capacity at Khavda in August, taking the capacity to 15,865.5 MW at the time. This was preceded by the operationalization of an additional 1,011.5 MW of blended renewable projects at Khavda in late June, taking the cumulative renewable portfolio to 15,539.9 MW

It’s obvious that Khavda is the pivot for Adani Green’s growth strategy—part of the ambitious 30 GW Gujarat Hybrid Renewable Energy Park to be the world’s largest hybrid renewable plant

Wider Context: Expansion & Ratings

Q1 FY26 Highlights: Operational capacity increased by 45% YoY to around 15.8 GW, energy sales increased 42%

Credit Upgrade: CareEdge Ratings upgraded AGEL’s rating to AA/Stable recently, attributing it to its execution strength, long-term PPAs, strong cash flows, and promoter capital infusion of ₹9,350 crore

Outlook: Jefferies reaffirmed a “Buy” rating, with a one-year price target of approximately ₹1,300, underlining AGEL’s strong execution and valuation potential vis-à-vis peers

The commissioning of the 125 MW Khavda solar project reflects AGEL’s ongoing deployment of strategic renewable assets and fuels near-term organic growth. Supported by solid fundamentals, favorable credit profile, and analyst confidence, the recent stock surge and capacity upgrade of the company reflect its commanding role in India’s energy transition.

Stock Performance Snapshot

Adani Green Energy’s stock closed at ₹931.00 on September 1, 2025, up ₹17.50 (1.92%), after opening at ₹920.40 and trading between a high of ₹933.70 and a low of ₹918.05, with a market cap of ₹1.51 lakh crore and a P/E ratio of 92.98.

Adani Green Energy Limited, part of the Adani Group, is a leading renewable energy player engaged in power generation through solar and wind projects. Listed on both NSE and BSE since 2018, the company continues to expand its renewable portfolio across India.

REF: https://nsearchives.nseindia.com/corporate/ADANIGREEN_01092025144256_Letters_9.pdf

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