Latest news with #AdaniGreenEnergyLtd
Time of India
6 days ago
- Business
- Time of India
Adani Green gets ₹9,350 crore boost as promoter converts warrants
Adani Green Energy Ltd (AGEL) has received a fresh equity infusion of ₹9 ,350 crore from its promoter group, following the conversion of outstanding share warrants into equity by Ardour Investment Holding Ltd . The board approved the conversion on July 17, marking the completion of a preferential allotment initiated in January 2024. Ardour, part of the Adani Group's promoter entities, had subscribed to the warrants at ₹1,480.75 each, paying 25 per cent upfront last year. The remaining 75 per cent-paid this week- came when AGEL's stock was trading around ₹1,030, a 45 per cent premium seen as a strong show of the promoter group's commitment in AGEL's long-term growth. "With this, the company has received the full issuance amount and all warrants have been converted into equity shares," AGEL said in a regulatory filing. In total, 1,15,76,193 convertible warrants were converted into an equal number of equity shares with a face value of ₹10 each. As a result, AGEL's issued, subscribed, and paid-up capital has increased from 163.56 crore shares to 164.72 crore shares. The promoter group's holding has increased slightly from 62.17 per cent to 62.43 per cent. The new shares will rank pari passu with existing equity in terms of dividend and voting rights. Of the proceeds, ₹3,116 crore will be used to repay shareholder loans, while the remaining ₹6,233 crore will go toward capital expenditure and general corporate purposes. AGEL said the capital infusion fully funds its plan to reach 50 GW of installed capacity by 2030, a significant leap from its current base. The financial impact is substantial. AGEL's net worth is expected to rise from ₹22,574 crore (as of March 31, 2025) to ₹31,192 crore. Its net debt-to-equity ratio has improved from 3.07x to 2.04x, making it the lowest among Indian renewable energy firms and among the lowest globally. Its net debt-to-EBITDA ratio has also improved to 6.05x from 6.57, and is projected to fall to around 5x by FY26/27 and 4x by FY28. AGEL currently has 15,800 MW of operational capacity and aims to exceed 19,000 MW by March 2026. It has secured power purchase agreements (PPAs) for an additional 16,000 MW. A large part of this growth will come from the Khavda solar park in Gujarat's Kutch district, which is set to become the world's largest solar energy project.
Time of India
6 days ago
- Business
- Time of India
Adani Green gets ₹9,350cr boost as promoter converts warrants
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: Adani Green Energy Ltd (AGEL) has received a fresh equity infusion of ₹9,350 crore from its promoter group, following the conversion of outstanding share warrants into equity by Ardour Investment Holding Ltd . The board approved the conversion on July 17, marking the completion of a preferential allotment initiated in January part of the Adani Group's promoter entities, had subscribed to the warrants at ₹1,480.75 each, paying 25% upfront last year. The remaining 75%-paid this week- came when AGEL's stock was trading around ₹1,030, a 45% premium seen as a strong show of the promoter group's commitment in AGEL's long-term growth."With this, the company has received the full issuance amount and all warrants have been converted into equity shares," AGEL said in a regulatory total, 1,15,76,193 convertible warrants were converted into an equal number of equity shares with a face value of ₹10 each. As a result, AGEL's issued, subscribed, and paid-up capital has increased from 163.56 crore shares to 164.72 crore shares. The promoter group's holding has increased slightly from 62.17% to 62.43%. The new shares will rank pari passu with existing equity in terms of dividend and voting the proceeds, ₹3,116 crore will be used to repay shareholder loans, while the remaining ₹6,233 crore will go toward capital expenditure and general corporate purposes. AGEL said the capital infusion fully funds its plan to reach 50 GW of installed capacity by 2030, a significant leap from its current financial impact is substantial. AGEL's net worth is expected to rise from ₹22,574 crore (as of March 31, 2025) to ₹31,192 crore. Its net debt-to-equity ratio has improved from 3.07x to 2.04x, making it the lowest among Indian renewable energy firms and among the lowest globally. Its net debt-to-EBITDA ratio has also improved to 6.05x from 6.57, and is projected to fall to around 5x by FY26/27 and 4x by currently has 15,800 MW of operational capacity and aims to exceed 19,000 MW by March 2026. It has secured power purchase agreements (PPAs) for an additional 16,000 MW. A large part of this growth will come from the Khavda solar park in Gujarat's Kutch district, which is set to become the world's largest solar energy project.
Time of India
6 days ago
- Business
- Time of India
India's early surge to 50% clean energy capacity driven by developers
India has achieved a significant climate milestone, with 50 per cent of its installed power generation capacity now coming from non-fossil fuel sources - five years ahead of its 2030 target under the Paris Agreement signed in December 2015. Non-fossil fuel sources now account for half of India's total power generation capacity of 484.8 gigawatts (GW), a milestone reached five years ahead of schedule, according to official sources. India's clean energy capacity, including large hydropower projects, stands at 234 GW, while nuclear energy contributes an additional 8.7 GW. Combined, they make up slightly more than 50 per cent of the country's total installed power generation capacity of 484.8 GW. In comparison, thermal power capacity accounts for 242 GW. This milestone underscores India's impressive ability to combine strong policy direction with effective private sector execution, officials said. Although India has one of the world's lowest per capita emissions, its rapidly growing population and rising energy demand make climate action crucial. Peak power demand is projected to rise sharply - from 250 GW in FY2024-25 to 388 GW by FY2032 - driven by accelerating urbanisation and digital transformation. Sources attribute the rapid growth in renewable capacity to two key drivers: strong government policy support and the swift deployment of projects by independent power producers (IPPs). Since 2014, India's solar power capacity has risen from a modest 2.82 GW to 116 GW in June 2025 - a staggering 41 times growth, data shows. Wind energy capacity has more than doubled from 21 GW to 51.6 GW during the same period. The government policies such as the Production-Linked Incentive (PLI) scheme, the National Wind-Solar Hybrid Policy, and revisions to the Approved List of Models and Manufacturers (ALMM) have incentivised domestic manufacturing, eased investment and streamlined execution, they said. Adani Green Energy Ltd (AGEL), India's largest renewable energy company by operational capacity, is at the forefront of the country's capacity addition drive. With over 15,815.5 MW of commissioned capacity, AGEL contributes approximately 8.66 per cent to India's total renewable energy base of 184.62 GW. AGEL added 3.3 GW of solar, wind, and hybrid capacity in FY25 alone - the largest annual addition by any player in India. The company's ambition is equally bold - to build 50 GW of renewable capacity by 2030. Key to this is the 30 GW Khavda project in Gujarat, a mega installation spread across 538 square kilometres, five times the size of Paris. As of mid-2025, 5.5 GW is already operational with full capacity expected by 2029. And storage is the next frontier. Recognising that the future of clean energy hinges on reliable storage, AGEL has placed Energy Storage Systems (ESS) at the centre of its strategy. The company is pursuing both Hydro Pumped Storage Projects (PSPs) and Battery Energy Storage Systems (BESS), industry sources said. Its 500 MW PSP at Chitravathi in Andhra Pradesh is expected to generate 1-plus TWh (terawatt hour) annually by 2027. Additionally, AGEL secured a Power Purchase Agreement (PPA) with the Uttar Pradesh Power Corporation Ltd to develop a 1,250 MW PSP. The company is working with five states to push its total PSP capacity beyond 5 GW by 2030. On the BESS front, AGEL is laying the groundwork for large-scale battery deployment. With falling battery prices and rising intermittency in renewable output, storage integration will be critical to ensure grid stability. According to a 2025 Blackridge Research report, AGEL tops the list of India's top renewable energy developers, followed by ReNew Power, Greenko Power, and Tata Power. ReNew Power, the second-largest player, has outlined plans to add over 10 GW in the next five years. The company is also expanding its decarbonisation services portfolio, while deepening its presence in distributed solar and industrial power solutions Greenko aims to expand its portfolio to 50 GW. The International Energy Agency (IEA) projects India's energy demand will grow 1.5 times faster than the global average over the next 30 years. Between FY25 and FY30 alone, energy demand across commercial, residential, and industrial sectors is expected to rise up to 35 per cent. India's target to install 500 GW of non-fossil capacity by 2030 now appears within reach, sources said adding having already crossed the halfway mark in 2025, the focus will shift to scaling storage, upgrading grid infrastructure, and integrating artificial intelligence (AI)-driven load management. AGEL's ability to execute mega-scale projects, attract capital, and innovate with hybrid and storage solutions will be critical. The company is poised to lead the next wave of India's clean energy journey, backed by policy certainty and rising global investor interest in green infrastructure. India's early achievement of its 50 per cent clean energy target is a testament to visionary policy and entrepreneurial drive, they said. As private players like AGEL and ReNew continue to invest in technology, infrastructure, and innovation, India is well positioned not only to meet its Paris Agreement goals but to exceed them, sources added.
News18
6 days ago
- Business
- News18
Indias early surge to 50% clean energy capacity driven by developers
New Delhi, Jul 18 (PTI) India has achieved a significant climate milestone, with 50 per cent of its installed power generation capacity now coming from non-fossil fuel sources – five years ahead of its 2030 target under the Paris Agreement signed in December 2015. Non-fossil fuel sources now account for half of India's total power generation capacity of 484.8 gigawatts (GW), a milestone reached five years ahead of schedule, according to official sources. India's clean energy capacity, including large hydropower projects, stands at 234 GW, while nuclear energy contributes an additional 8.7 GW. Combined, they make up slightly more than 50 per cent of the country's total installed power generation capacity of 484.8 GW. In comparison, thermal power capacity accounts for 242 GW. This milestone underscores India's impressive ability to combine strong policy direction with effective private sector execution, officials said. Although India has one of the world's lowest per capita emissions, its rapidly growing population and rising energy demand make climate action crucial. Peak power demand is projected to rise sharply – from 250 GW in FY2024-25 to 388 GW by FY2032 – driven by accelerating urbanisation and digital transformation. Since 2014, India's solar power capacity has risen from a modest 2.82 GW to 116 GW in June 2025 – a staggering 41 times growth, data shows. Wind energy capacity has more than doubled from 21 GW to 51.6 GW during the same period. The government policies such as the Production-Linked Incentive (PLI) scheme, the National Wind-Solar Hybrid Policy, and revisions to the Approved List of Models and Manufacturers (ALMM) have incentivised domestic manufacturing, eased investment and streamlined execution, they said. Adani Green Energy Ltd (AGEL), India's largest renewable energy company by operational capacity, is at the forefront of the country's capacity addition drive. With over 15,815.5 MW of commissioned capacity, AGEL contributes approximately 8.66 per cent to India's total renewable energy base of 184.62 GW. AGEL added 3.3 GW of solar, wind, and hybrid capacity in FY25 alone – the largest annual addition by any player in India. The company's ambition is equally bold – to build 50 GW of renewable capacity by 2030. Key to this is the 30 GW Khavda project in Gujarat, a mega installation spread across 538 square kilometres, five times the size of Paris. As of mid-2025, 5.5 GW is already operational with full capacity expected by 2029. And storage is the next frontier. Recognising that the future of clean energy hinges on reliable storage, AGEL has placed Energy Storage Systems (ESS) at the centre of its strategy. The company is pursuing both Hydro Pumped Storage Projects (PSPs) and Battery Energy Storage Systems (BESS), industry sources said. Its 500 MW PSP at Chitravathi in Andhra Pradesh is expected to generate 1-plus TWh (terawatt hour) annually by 2027. Additionally, AGEL secured a Power Purchase Agreement (PPA) with the Uttar Pradesh Power Corporation Ltd to develop a 1,250 MW PSP. The company is working with five states to push its total PSP capacity beyond 5 GW by 2030. On the BESS front, AGEL is laying the groundwork for large-scale battery deployment. With falling battery prices and rising intermittency in renewable output, storage integration will be critical to ensure grid stability. According to a 2025 Blackridge Research report, AGEL tops the list of India's top renewable energy developers, followed by ReNew Power, Greenko Power, and Tata Power. ReNew Power, the second-largest player, has outlined plans to add over 10 GW in the next five years. The company is also expanding its decarbonisation services portfolio, while deepening its presence in distributed solar and industrial power solutions Greenko aims to expand its portfolio to 50 GW. The International Energy Agency (IEA) projects India's energy demand will grow 1.5 times faster than the global average over the next 30 years. Between FY25 and FY30 alone, energy demand across commercial, residential, and industrial sectors is expected to rise up to 35 per cent. India's target to install 500 GW of non-fossil capacity by 2030 now appears within reach, sources said adding having already crossed the halfway mark in 2025, the focus will shift to scaling storage, upgrading grid infrastructure, and integrating artificial intelligence (AI)-driven load management. AGEL's ability to execute mega-scale projects, attract capital, and innovate with hybrid and storage solutions will be critical. The company is poised to lead the next wave of India's clean energy journey, backed by policy certainty and rising global investor interest in green infrastructure. India's early achievement of its 50 per cent clean energy target is a testament to visionary policy and entrepreneurial drive, they said. As private players like AGEL and ReNew continue to invest in technology, infrastructure, and innovation, India is well positioned not only to meet its Paris Agreement goals but to exceed them, sources added. PTI ANU view comments First Published: July 18, 2025, 13:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
15-07-2025
- Business
- Business Standard
K.P. Energy Ltd Surges 1.88%
K.P. Energy Ltd has lost 1.11% over last one month compared to 4.48% gain in BSE Utilities index and 1.37% rise in the SENSEX K.P. Energy Ltd gained 1.88% today to trade at Rs 512.45. The BSE Utilities index is up 0.49% to quote at 5524.91. The index is up 4.48 % over last one month. Among the other constituents of the index, Adani Green Energy Ltd increased 1.42% and Orient Green Power Company Ltd added 1.37% on the day. The BSE Utilities index went down 12.44 % over last one year compared to the 2.13% surge in benchmark SENSEX. K.P. Energy Ltd has lost 1.11% over last one month compared to 4.48% gain in BSE Utilities index and 1.37% rise in the SENSEX. On the BSE, 1554 shares were traded in the counter so far compared with average daily volumes of 39509 shares in the past one month. The stock hit a record high of Rs 673.75 on 11 Dec 2024. The stock hit a 52-week low of Rs 337 on 09 May 2025.
