AI Generated Image
Adani Green Energy Limited (AGEL) reported strong operational and financial growth in the first half of FY27, with earnings before interest, taxes, depreciation and amortisation (EBITDA) from power supply rising 41% year-on-year to ₹7,957 crore.
The company’s energy sales increased 32% to 25,747 million units during the April-September period, while revenue from power supply rose 36% to ₹8,299 crore. Cash profit grew 35% to ₹4,176 crore.
In the second quarter, EBITDA from power supply surged 51% year-on-year to ₹3,835 crore, while revenue climbed 45% to ₹4,019 crore.
Energy sales increased 33% to 12,090 million units, reflecting capacity expansion and strong performance across its renewable energy projects.
AGEL’s operational renewable energy capacity grew 24% year-on-year to 20.8 GW by the end of September.
The company added 4,083 MW of capacity during the first half, comprising solar, wind and hybrid projects across Gujarat and Rajasthan.
CEO Ashish Khanna attributed the growth to strong execution, technology and operational efficiency, adding that AGEL would continue expanding energy storage while monitoring transmission capacity.
AGEL added 3.08 GWh of battery storage at Khavda in Q2, taking its total to 6.63 GWh, over half of India’s operational capacity.
The company invested ₹17,160 crore in H1 FY27 and aims to complete its 30 GW Khavda renewable energy project by 2029.
The company is targeting 50 GW of renewable energy capacity by 2030, including 5 GW of pumped storage. Its expansion plans underline its focus on scaling up clean energy generation and storage to support India’s energy transition.
Also Read: Jio Platforms IPO Fully Subscribed In 100 Minutes; QIB Demand Hits 3.68 Times
To read more such news, download Bharat Express news apps
