ADANIGREEN

📈 Performance & Expansion Capacity: AGEL has scaled its operational renewable capacity to ~14.5 GW, including a new 187.5 MW solar project in Gujarat. Earnings (FY25 Q4): Revenue surged ~30% year-over-year to ₹27 billion. EBITDA mirrored that growth, exceeding ₹24 billion, and profit reached ~₹3.9 billion, up ~25%. Growth Plans: Targeting an additional 5 GW in FY26 as part of a broader ₹310 billion (~USD 3.6 billion) CAPEX drive to reach 50 GW capacity by 2030. 💰 Strategy & Capital Power & Storage: Entered a 40-year PPA with Uttar Pradesh for developing 1.25 GW of pumped hydro storage. Finance: Secured ~$1.06 billion in project debt refinancing in March 2025. Partners: France’s TotalEnergies reaffirms commitment, backing the upcoming expansion. 🌱 Sustainability Edge Achieved the world’s first “water-positive” status for a renewable IPP as of May 2025, one year ahead of its target. ⚠️ Risk & Sentiment Legal Overhang: The Adani Group, including AGEL’s parent, is facing a U.S. federal investigation regarding a $250 million bribery allegation tied to solar contracts. Market View: Despite concerns, analysts like ICICI Securities maintain a “BUY” rating, citing resilience in Q4 results and capacity expansion potential. 🧭 Bottom Line AGEL is showing strong financial performance, aggressive capacity build-out, and leadership in sustainability. While the broader Adani Group’s legal troubles remain a caution, the company’s fundamentals and strategic backing from partners like TotalEnergies, alongside positive analyst coverage, keep sentiment upbeat.