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The operational capacity of Adani Green increased by 30 percent during FY 25 with more than 3.3 GW of new capacity getting added.
| Photo Credit:
AMIT DAVE
Targeting a 5 gigawatt (GW) capacity addition during FY26, Adani Green Energy Ltd said it expects to incur a capital expenditure of an estimated ₹31,000 crore for during the ongoing fiscal.
“Based on the 5 GW of addition, we are looking for in the current year, we are looking at a capex of ₹31,000 crore for FY26. It is more or less fully funded by debt and equity,” a company official said during a recently held earnings call for the fourth quarter results.
Operational capacity
The operational capacity of Adani Green increased by 30 percent during FY 25 with more than 3.3 GW of new capacity getting added. This includes 2710 MW solar power plants at Khavda (1,460 MW) in Gujarat, at Rajasthan (1,000 MW) and Andhra Pradesh (250 MW). The company also operationalised 599 MW wind power plants at Khavda in Gujarat.
“The new capacity additions are the highest ever by any renewable company in the country. We have done more than double of what any other developer has done in this country,” Ashish Khanna, CEO of the company said during the earnings call.
“We have operationalised more than 4 GW of renewable power in Khavda. We are on track to complete 30 GW from Khavda by 2029,” he added about the renewable energy projects in Kutch district of Gujarat.
On Wednesday, AGEL informed the stock exchanges that Ardour Investment Holdings Ltd — part of its promoter group — has opted to exercise and convert 49,90,416 warrants into equity shares of the company at a face value of ₹10 each, infusing ₹499 crore into the company.
The company had allotted 6,31,43,677 convertible warrants to Ardour on January 25, 2024, by way of a preferential allotment on a private placement basis. The issue price of ₹1,480.75 per warrant, out of which ₹370.19 (25 per cent of the issue price) per warrant, was received as the initial subscription amount at the time of allotment of the warrants.
“We wish to inform you that out of the 6,31,43,677 convertible warrants allotted to Ardour, Ardour has now opted to exercise and convert 44,90,416 warrants which are convertible into 44,90,416 equity shares of the Company of face value ₹10 each,” the company stated adding that the the promoter group shareholding in the company stands increased from 60.94 percent to 61.05 per cent.
Published on April 30, 2025
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