Adani Green JV With IHC Arm Disclosed; Shares Gain 1.45%

Mumbai, April 9: Adani Green Energy Ltd disclosed further details of its previously announced joint venture, confirming participation of EPointZero Holding RSC Ltd, part of International Holding Company PJSC, within the transaction structure.

According to the exchange filing on Thursday, the joint venture arrangement involves Adani Renewable Energy Middle East Ltd (AGEL UAE), Minerva Holding RSC Ltd and the JV entity. The purpose of the agreement includes collaboration with EPointZero, identified as the energy and infrastructure arm of International Holding Company PJSC (IHC Group).

The filing specifies that IHC Group is among the largest listed entities in the UAE with a reported market capitalisation exceeding US$230 billion. The structure indicates institutional participation alongside Adani Green Energy in developing renewable energy assets through the JV platform.

Shares Trade Higher During Session

Adani Green Energy share price was quoted at ₹1,044.70, reflecting a gain of ₹14.95 or 1.45% as of 1:37 p.m. IST on April 09, 2026, according to exchange data.

The stock opened at ₹1,032.00 and recorded a session high of ₹1,046.20 and a low of ₹1,021.30 so far. The price remained above the previous close of ₹1,029.65, indicating sustained buying interest during the trading session.

The company’s market capitalisation stood at approximately ₹1.72 lakh crore, with the price-to-earnings ratio reported at 121.32 based on available exchange metrics.

Company Background

Adani Green Energy Ltd is engaged in renewable power generation, with a portfolio spanning solar and wind assets across India and select international markets.

The company has been pursuing partnerships and platform-led expansion strategies to scale its renewable capacity globally. Its Middle East initiatives are positioned within regions offering long-term policy visibility and capital partnerships.

Conclusion

The updated disclosure clarifies the involvement of IHC Group’s energy arm within the JV framework, adding institutional depth to the transaction. The development strengthens the structure of Adani Green’s overseas expansion platform while shares continued to trade higher during the session following the filing.

Source:

• https://www.nseindia.com/get-quote/equity/ADANIGREEN/Adani-Green-Energy-Limited
• https://nsearchives.nseindia.com/corporate/ADANIGREEN_09042026110827_Letters.pdf