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Informist, Friday, Apr. 24, 2026

 

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--Adani Green: Aim to finish 500 MW pump hydro project in Andhra this year
--Adani Green: May reach 3GW battery storage capacity at Khavda in few weeks
--CONTEXT: Adani Green Energy mgmt's comments in post-earnings analyst call
--Adani Green: Aim to commission 10GW battery capacity in FY27
--Adani Green: Adding up to 5GW capacity annually, can add up to 8GW
--Adani Green: Lack of transmission infra hampering high power capacity add
--Adani Green: Plan capex of INR 150 bln for battery storage in FY27
--Adani Green: To ensure 90% of co's output tied in long-term contracts
--Adani Green: Capex for FY27 likely to be INR 400 bln-INR 420 bln
--Adani Green: To also have battery storage projects in Rajasthan
 

 

AHMEDABAD/NEW DELHI – Adani Green Energy Ltd. plans an overall capital expenditure of INR 400 billion-INR 420 billion in 2026-27 (Apr-Mar), with INR 150 billion specifically earmarked for battery energy storage systems, its management said Friday. The company aims to add 10 gigawatt-hours of battery energy storage capacity in FY27.

 

"We may reach 3 gigawatt-hour battery storage at Khavda in the next few weeks, marking a key milestone in the push toward integrated renewable and storage solutions," Executive Director Sagar Adani said at a post-earnings call with investors. Other than Khavda in Gujarat, where the company is setting up a 30 GW renewable energy capacity by 2029, Adani Green also plans to develop battery storage projects in Rajasthan as part of its broader expansion strategy.

 

Adani Green is also aiming to complete its 500-megawatt pumped-hydro storage project at Chithravathi in Andhra Pradesh this fiscal, further strengthening its hybrid and storage capabilities.

 

Adani Green reported a 73% on-year increase in its consolidated net profit for the March quarter at INR 3.97 billion. The net profit included a one-time cost of INR 1.08 billion. Excluding the one-time cost, the company's net profit for the March quarter was INR 5.05 billion. The company's revenue increased 14% on-year to INR 35.02 billion in the reporting quarter.

 

The company added 5.1 GW of capacity in FY26, up 35% on-year, taking the cumulative operating portfolio to 19.3 GW, Sagar Adani said. He claimed that this was the highest greenfield annual capacity expansion globally by any company outside of China, adding that this has put Adani Green firmly on course to achieve 50 gigawatts by 2030.

 

"If AGEL (Adani Green Energy Ltd.) wished, it has both the financial flexibility as well as the organisational capability to execute somewhere between 7 to 8 GW in a given year. We are stopping our execution at a number of between 4.5 to 5, looking at the transmission and evacuation constraints that we expect to happen going forward," Sagar Adani said. "Because, unlike the past year, the mistake we do not want to repeat going forward is to have capacities coming up and then evacuation not being sufficiently available."

 

The company reiterated its focus on ensuring stable revenue and providing visibility on cash flows while reducing exposure to volatile merchant power markets. "... from this year onwards as well as going forward, you will see that, and our long-term stated goal remains that more than 90% of the capacities that AGEL adds will be tied up in long-term PPAs (power purchase agreements) and long-term contracts," Sagar Adani said.

 

Friday, shares of Adani Green ended 1.8% higher at INR 1,235,80 on the National Stock Exchange. The company announced the March quarter results during market hours.  End

 

Edited by Saji George Titus

 

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