Adani Green commissions additional 48 MW wind power at Gujarat's Khavda; total capacity at 14.29 GW

Adani Green Energy Ltd (AGEL) on Thursday (April 17) announced that its wholly owned step-down subsidiary, Adani Green Energy Twenty Four Limited, has operationalised an additional 48 MW wind power project at Khavda, Gujarat.

"Adani Green Energy Twenty Four Limited, wholly-owned stepdown subsidiary of the company, has operationalised incremental wind power project of 48 MW at Khavda, Gujarat," Adani Green Energy said in a regulatory filing.
The commissioning takes AGEL’s total operational renewable energy generation capacity to 14,290.9 MW.

In a regulatory filing, the company stated that the decision to operationalise the plant was taken at 5:32 p.m. on April 17, 2025, with operations commencing from April 18, 2025, following receipt of the necessary clearances.

Also Read: Adani Green Energy shares gain after FY25 operational capacity increases 30%

Adani Green Energy’s Q3 consolidated net profit surged by more than 85% to ₹474 crore compared to ₹256 crore in the same period last year. The pure-play renewable firm from billionaire Gautam Adani-led Adani Group's revenue from operations also saw an increase of 2.3% to ₹2,365 crore in Q3FY25 compared to ₹2,311 crore in the year-ago period.

The earnings before interest, taxes, depreciation, and amortisation (EBITDA), however, dropped 4% to ₹1,601 crore compared to ₹1,666 crore in the previous year. Consequently, the EBITDA margin also declined to 67.7% from the 72.1% recorded in the same period last year.

The company's operational renewable energy capacity grew by 37% YoY to 11.6 GW, with Adani Green Energy contributing 15% of the nationwide utility-scale solar and 12% of wind installations in the calendar year 2024 (CY24), according to its company release.

Also Read: Adani Green Energy's subsidiaries commissions 480.1 MW power projects in Gujarat

Energy sales surged by 23% YoY to 20,108 million units, and revenue grew by 18% YoY to ₹6,829 crore. The company also said it has achieved an industry-leading EBITDA margin of 92.0%, while cash profit soared by 23% YoY to ₹3,630 crores.

Shares of Adani Green Energy Ltd ended at ₹947.00, up by ₹1.45, or 0.15%, on the BSE.