Adani Green Energy Limited (AGEL) is a leading player in the renewable energy sector. The Ahmedabad-headquartered company is owned by the Adani Group. Founded in 2015 by Gautam Adani, AGEL runs the Kamuthi Solar Power Project, one of the world's largest solar photovoltaic plants.
Adani Green Energy Limited was incorporated on January 23, 2016. In its early stages, AGEL collaborated with Inox Wind to develop a 20 MW wind power project in Lahori, Madhya Pradesh. AGEL also acquired Inox Wind's 50 MW wind power project in Kutch.
During 2015–2016, AGEL's subsidiary, Adani Renewable Energy Park Limited, entered into a joint venture agreement with the Government of Rajasthan. In 2017, AGEL assumed full control of Adani Enterprises’ entire solar energy portfolio. AGEL's current project portfolio is 20,434 MW.
As of December 15, 2023, its market capitalisation stood at over ₹2.41 lakh crore. Adani Green share price has surged nearly 51% in the last three years.
Adani Green Energy business operations
AGEL operates in 12 states across India. With 54 operational projects and an additional 12 projects in progress, AGEL has emerged as a leading player in the renewable energy segment. The company aims to commission 45 GW of renewable energy capacity by 2030.
The company also holds the largest operational renewable energy portfolio in India with an 8.1 GW capacity. It is also maintaining the largest overall renewable energy portfolio globally, with a capacity of 20.4 GW.
In March 2018, AGEL acquired 49% equity shares of Kodangal Solar Parks Private Limited, transforming it into a joint venture. In 2019, AGEL acquired the remaining 51% equity shares in the company as well.
During mid-2019, Adani Green Energy Limited purchased Essel Group's solar power portfolio, totalling 205MW across Punjab, Karnataka and Uttar Pradesh, for around $185 million (₹1,300 crore). AGEL also agreed to acquire the remaining 480 MW solar energy portfolio from Essel Group.
Early in 2020, Total S.A., a French energy company, signed a binding agreement to invest $510 million, securing a 20% stake in AGEL. In May 2021, AGEL completed the acquisition of SB Energy Holdings Limited, backed by SoftBank Group Corp, for a total of $3.5 billion.
Adani Green Financial Highlights
- Revenue: Adani Green reported revenue of ₹13,819.00 crore in FY26 vs ₹12,422.00 crore in FY25. It showed an increase of 11.25% on a yearly basis.
- Operating Profit: Adani Green reported an operating profit of ₹1,584.00 crore in FY26 vs ₹1,771.00 crore in FY25. It showed a decrease of 10.56% on a year-on-year basis.
- Net Profit: Adani Green reported a net profit of ₹1,570.00 crore in FY26 vs ₹1,557.00 crore in FY25. It showed an increase of 0.83% on a yearly basis.
Adani Green Quarterly Result Highlights
- Adani Green reported revenue of ₹4,663.00 crore in Jun 2026, compared with ₹3,727.00 crore in Mar 2026, representing an increase of 25.11% on a quarter-on-quarter (QoQ) basis.
- Adani Green reported an operating profit of ₹1,188.00 crore in Jun 2026, compared with ₹488.00 crore in Mar 2026, representing an increase of 143.44% on a quarter-on-quarter (QoQ) basis.
- Adani Green reported a profit of ₹925.00 crore in Jun 2026, compared with ₹432.00 crore in Mar 2026, reflecting an increase of 114.12% on a QoQ basis.
- The earnings per share (EPS) of Adani Green stood at ₹9.65 during Jun 2026.
