Adani Green Energy Wins 400 MW Solar Project in Rajasthan
Adani Green Energy Limited (AGEL) has achieved a significant milestone in India’s renewable energy sector. Its wholly-owned subsidiary, Adani Renewable Energy Holding Twelve Limited (AREH12L), has been awarded a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL) to supply 400 MW of solar power from a grid-connected solar PV power project. The project, located in Rajasthan, will operate at a tariff of ₹2.57/kWh for the next 25 years.
This development strengthens Adani Green’s position as one of the leading renewable energy companies in India. The LOA was received at 6:39 PM on March 27, 2025, marking another step forward in the company’s expansion strategy.
🔹 Impact on Share Market
The announcement is likely to create positive momentum for Adani Green’s stock. Here’s why:
✅ Increased Revenue Visibility – A 25-year contract ensures long-term cash flows and stability.
✅ Strengthened Market Position – Enhances Adani Green’s reputation in the renewable energy sector.
✅ Investor Confidence – Large projects attract institutional investors looking for sustainable growth.
✅ Sectoral Boost – May lead to an uptrend in the renewable energy sector stocks.
However, short-term volatility is possible due to market reactions, profit booking, or broader sector trends.
🔸 Key Details in Points
📌 Company: Adani Green Energy Limited (AGEL)
📌 Subsidiary: Adani Renewable Energy Holding Twelve Limited (AREH12L)
📌 Contract Awarded By: Uttar Pradesh Power Corporation Limited (UPPCL)
📌 Project Location: Rajasthan, India
📌 Capacity: 400 MW solar power
📌 Tariff: ₹2.57/kWh
📌 Contract Duration: 25 years
📌 Received LOA: March 27, 2025, at 6:39 PM
📌 Purpose: Supply of power through a grid-connected solar PV project
📌 Interest of Promoter Group in UPPCL? No
📌 Related Party Transaction? No
🔹 About Adani Green Energy Limited
Adani Green Energy Limited (AGEL) is a leading renewable energy company in India, focused on large-scale solar and wind power projects. The company is part of the Adani Group, a diversified conglomerate. AGEL is committed to sustainable energy solutions and has been aggressively expanding its renewable energy portfolio.
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
