Business description: Adani Green Energy Limited

Adani Green Energy Limited is an India-based renewable energy company. The Company has a presence across 12 states of India, focusing on solar, wind and hybrid (solar wind) renewable power generation. It operates through two segments: renewable power generation and other related ancillary activities and sale of solar power equipments. The sale of solar power equipments segment comprises of an associate, Mundra Solar Energy Limited. The Company sells renewable power generated from its projects under a combination of long-term power purchase agreements (PPA) and on merchant basis and other ancillary activities. It is also developing solar park at khavda, Gujarat over 19,000 hectares and subleased 6,129 hectares land to its subsidiaries including step down subsidiaries and other related parties. Its locked-in renewable energy portfolio stands at approximately 21,953 megawatt (MW) (10,934 MW operational and 11,019 MW under execution) and another 500 MW of hydro pumped storage project.

Number of employees: 1,247

Sales by Activity: Adani Green Energy Limited

Fiscal Period: March 2021 (INR) 2022 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

Renewable Power Generation and Other Related Ancillary Activities

- - - 92.2B 96.6B

Renewable Power Generation

31.29B 51.43B 78.07B - -

Sale of Goods/Equipments and Related Services

- - - 12.98B 28.88B

Elimination/adjustments

- - - -12.98B -13.36B

Geographical breakdown of sales: Adani Green Energy Limited

Fiscal Period: March 2021 (INR) 2022 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

India

31.29B 51.43B 78.07B 92.44B 114B

Executive Committee: Adani Green Energy Limited

Manager TitleAgeSince
Chief Executive Officer - 31/03/2025
Director of Finance/CFO - 30/09/2024
Compliance Officer - -
Chief Executive Officer 55 09/07/2020
Investor Relations Contact - 31/05/2020

Composition of the Board of Directors: Adani Green Energy Limited

Director TitleAgeSince
Chairman 63 -
Director/Board Member 61 22/01/2015
Director/Board Member 55 09/07/2020
Director/Board Member 32 30/10/2018
Director/Board Member 66 04/01/2021
Director/Board Member 72 09/07/2020
Director/Board Member 76 19/09/2021
Director/Board Member 70 06/09/2023
Director/Board Member 49 06/09/2023
Director/Board Member 54 22/10/2023

Shareholders: Adani Green Energy Limited

NameEquities%Valuation
Adani Trading Services LLP
28.8 %
474,335,779 28.8 % 4 035 M ₹
19.96 %
328,772,075 19.96 % 2 797 M ₹
17.25 %
284,162,718 17.25 % 2 417 M ₹
Ardour Investment Holding Ltd.
6.348 %
104,558,467 6.348 % 889 M ₹
Spitze Trade & Investment Ltd.
4.925 %
81,127,000 4.925 % 690 M ₹

Holdings: Adani Green Energy Limited

NameEquities%Valuation
100 0% 76 $

Company details: Adani Green Energy Limited

Adani Green Energy Ltd.

Adani Corporate House, S G Highway

382421, Ahmedabad

+91 79 2656 5555

http://www.adanigreenenergy.com
address Adani Green Energy Limited(ADANIGREEN)

Group companies: Adani Green Energy Limited

NameCategory and Sector
Midlands Managing Member LLC
Electric Utilities
Electric Utilities
Financial Conglomerates
Financial Conglomerates

Renewable IPPs

Change 5d. change 1-year change 3-years change Capi.($)
-0.67%+10.48%+54.16%+50.12% 23.65B
-1.86%+2.43% - - 38.77B
-0.42%+0.84%-2.14%+34.31% 26.27B
+0.65%-1.55%+69.62%-29.14% 17.27B
+4.60%-3.15%+311.75%+322.93% 12.56B
-7.30%-2.89%+22.00%+12.96% 8B
-1.02%+14.82%+181.49%+44.23% 4.74B
+1.07%+3.67%+102.56%+117.23% 4.73B
-1.80%+15.02%+66.67%+26.61% 4.72B
+0.05%-5.31%+32.13%+25.16% 4.62B
Average -0.67%+1.81%+93.14%+67.16% 14.53B
Weighted average by Cap. -0.66%+1.69%+78.13%+63.33%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
1,355.80INR
Average target price
1,286.00INR
Spread / Average Target
-5.15%

Quarterly revenue - Rate of surprise

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