Adani Green Energy Ltd (AGEL) has reported a landmark year for FY26, achieving its highest-ever annual greenfield capacity addition of 5.1 GW. This growth pushed the company’s total operational capacity to 19.3 GW, a 35% year-on-year increase. Furthermore, the company reported a robust 23% YoY growth in core EBITDA from power supply, reaching ₹10,865 crore, with an industry-leading EBITDA margin of 91%.
Financial and Operational Milestones
FY26 proved to be a transformative year for the company, as it solidified its position as India’s largest and fastest-growing renewable energy player. The firm recorded ₹11,602 crore in revenue from power supply, marking a 22% increase compared to the previous year. Additionally, the company’s Cash Profit surged by 11% to ₹5,399 crore, underscoring strong operational efficiency and project performance.
Strategic Growth in Khavda
A key driver of this success was the aggressive development of the flagship project at Khavda, Gujarat. Now boasting an operational capacity of 9.4 GW, this project is on track to reach 30 GW by 2029. The development utilizes advanced technologies, including robotic solar module installation and India’s largest 5.2 MW wind turbines, to optimize electricity generation and water usage.
Board and Leadership Appointments
During its meeting on April 24, 2026, the Board of Directors finalized several key administrative and governance updates. This included the re-appointment of Independent Directors Mr. Romesh Sobti, Mrs. Neera Saggi, and Dr. Anup Shah for a second term, effective from September 2026. Furthermore, Mr. Lokesh Kumar Jeengar has been appointed as the new Head of Business Development & Strategy, succeeding Mr. Raj Kumar Jain, who has transitioned to a new role within the Group.
Future Outlook
The company continues to advance its 50 GW target by 2030. By integrating 1.4 GWh of battery energy storage systems (BESS) in FY26, the company is building a resilient energy ecosystem. These initiatives, combined with strong credit ratings—including an inaugural JCR BBB+/Stable rating equivalent to India’s sovereign credit—position the firm for continued sustainable growth and large-scale infrastructure expansion.
Source: BSE
