ADANIGREEN

ADANI GREEN: Signs JV with UAE’s IHC Group Arm for Renewable Projects 🌱⚡️ • 🤝 Strategic JV: Subsidiary AGEL UAE signs JV with Minerva (IHC Group arm – EPointZero) • 🌍 Global Partner: IHC Group is UAE’s largest listed entity (~$230B m-cap) • ⚡️ Focus Area: JV to develop, build & operate renewable energy projects in India • 💰 Investment Plan: AGEL UAE to invest up to 20% stake in JVCo • 🏗️ Execution Boost: Strengthens project pipeline + execution capabilities • 🧠 Governance: Minerva gets 4 board seats, AGEL gets 1 seat • 🚀 Strategic Fit: Enhances global capital access + energy transition scale-up Impact: 🟢 Positive – Strong global partnership, capital backing & execution boost for AGEL’s aggressive renewable expansion 📈