HoABL Announces Rs 25B Investment in Vertical Real Estate with Three Key Projects

26 Apr 2025 CW Team

Adani Green Energy Ltd (AGEL) has commissioned an additional 48 MW wind power project in Khavda, Gujarat, through its wholly owned step-down arm, Adani Green Energy Twenty Four Ltd. The new capacity was added on April 17, 2025, and operations began the next day after securing all regulatory approvals.

With this addition, AGEL’s total installed and operational renewable energy capacity has reached 14,290.9 MW, reinforcing its position among India’s leading clean energy players.

Despite a 46 per cent drop in its stock over the past year, shares of AGEL gained 0.18 per cent in the last month.

In Q3FY25, AGEL reported an 85 per cent year-on-year rise in consolidated net profit to Rs 4.74 billion, up from Rs 2.56 billion a year ago. Revenue from operations edged up 2.3 per cent to Rs 23.65 billion, but EBITDA slipped 4 per cent to Rs 16 billion, with margins declining to 67.7 per cent from 72.1 per cent.

The company’s operational RE capacity rose 37 per cent year-on-year to 11.6 GW. In CY24, AGEL contributed 15 per cent of India’s total utility-scale solar additions and 12 per cent of its wind installations, according to the company.

Energy sales rose 23 per cent YoY to 20,108 million units, while overall revenue grew 18 per cent to Rs 68.29 billion. The company also reported a 23 per cent jump in cash profit at Rs 36.30 billion, along with an industry-leading EBITDA margin of 92.0 per cent.

Image source:indianexpress

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