- New project of Adani Green Energy launched
- A decision to withdraw from an investment portfolio
- What should investors watch out for?
Adani Green Energy Share: On the first trading day of the coming week, investors should keep a close eye on shares of Gautam Adani Group company Adani Green Energy (AGEL) on Monday. Because there are two important updates related to Adani Green Energy.
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Start of a new project
A subsidiary unit of Adani Green Energy has started a new project. Adani Green’s Adani Green Energy Twenty Five Seas Limited has commissioned a 185 MW wind power project at Khawda in Gujarat. The company informed the stock exchange that with the commissioning of this project, Adani Green Energy’s operating renewable power generation capacity per acre has increased to 17472.2 MW. Based on the relevant approvals, it has been decided to commission the facility on 28 February 2026 and to start power generation from 1 March 2026.
A decision to withdraw from an investment portfolio
Meanwhile, Norway’s $1.2 trillion sovereign wealth fund has decided to remove Adani Green Energy Limited (AGEL) from its investment portfolio, citing risks related to alleged financial crimes. Norges Bank Investment Management, which manages the world’s largest sovereign wealth fund, listed Adani Green Energy on its website among the companies removed from its portfolio. The fund manager cited ‘serious corruption or other serious financial crimes’ as the reason for the decision but did not elaborate. When the fund started investing in Adani Green Energy in July 2020, its share price was Rs 341.
Stock
Adani Green Energy share price is currently 1948.20 per share. During trading, the stock hit a high of 1969.50. Its 52-week high is 11179.20 and 52-week low is ₹758.
December quarter results
Adani Green Energy’s profit fell by nearly 98.94 percent to Rs 5 crore in the October-December quarter of the current financial year. The decline in the company’s profits was mainly due to increased costs. In the same quarter last year (December 2024), the company had reported a profit of Rs 474 crore. The company’s total expenses for the quarter stood at Rs 2,961 crore, as against Rs 2,329 crore in the same quarter last year. Finance expenses also rose to Rs 1698 crore from last year’s Rs 1251 crore. However, total income for the quarter rose to Rs 2,837 crore, as against Rs 2,636 crore last year.
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