Adani power
Adani power
Adani Green Energy Limited (AGEL) is an Indian renewable energy company headquartered in Ahmedabad, Gujarat. It is owned by Indian conglomerate Adani Group. The company operates Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world.
The company was incorporated on 23 January 2016, as Adani Green Energy Limited under the Companies Act 2013.
Adani Power Limited (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. We have a power generation capacity of 12,450 MW comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh & a 40 MW solar power project in Gujarat.
We were the worlds first company to set up a coal based Supercritical thermal power project registered under the Clean Development Mechanism (CDM) of the Kyoto protocol. Being a new entrant to power generation in 2006, we leveraged the project management skills of the Adani Group to set up our first power plant at Mundra successfully and efficiently.
The power sector in India has undergone a challenging period in the past few years, which put to test the resilience of our business model. By navigating the challenges through prudence, persistence and discipline, we have implemented the best available technologies that can serve as benchmarks for the power industry.
During the initial days of existence, AGEL and Inox Wind together established a 20 MW capacity wind power project in Lahori, Madhya Pradesh.Also, AGEL bought Inox Wind 50 MW wind power project at Dayapar village in Kutch. The project was conceived by the latter when it won a Solar Energy Corporation of Indias capacity bids for wind power projects connected to the National Grid.
In 2015 to 2016, Adani Renewable Energy Park Limited, a subsidiary of AGEL, signed a joint venture agreement with the Government of Rajasthan.
In 2017, the company took the complete control of overall solar energy portfolio of Adani Enterprises and got itself listed at National Stock Exchange of India and Bombay Stock Exchange.
In 2022, Adani Green Energy Limited had a market cap of Rs. 3,26,635.42 crore.
Currently, the company manages 5,290 MW of wind energy and solar power plants including 46 operational projects in 11 states of India namely Uttar Pradesh, Rajasthan, Punjab, Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Karnataka, Tamil Nadu, and Telangana. AGEL has a current project portfolio of 5.29 GW and an operational capacity of 2.36 GW.
As of 31 March 2019, AGEL has one joint venture and 39 subsidiaries.
In May 2020, AGEL won the worlds largest solar bid worth 6 billion doller by the Solar Energy Corporation of India (SECI). The bid entails AGEL building an 8000 MW photovoltaic power plant.
In May 2021, AGEL confirmed its decision to buy SoftBank Group Corp backed SB Energy Holdings Limited for 3.5 billion doller.
Type Public
Industry Renewable energy
Founded 22 August 1996, 26 years ago
Headquarters Shantigram, Khodiyar, Ahmedabad, Gujarat, India
Key people Gautam Adani (Chairman)
Anil Sardana (MD & CEO)
