By Newscript News Network
August 25, 2025
Quarterly numbers rarely tell the whole story, but Adani Green Energy’s Q1 FY26 stood out. Energy sales jumped 42% year-on-year, revenue from power supply rose 31% to ₹3,312 crore, and EBITDA margins held at a stunning 92.8%.
The operational base has scaled to 15.8 GW, up 45% on last year. Much of the action is at Khavda in Gujarat, where AGEL is building what it claims will be a 30 GW renewable park — already 5.6 GW operational. “This is one of the world’s largest single-site RE developments,” CEO Ashish Khanna told investors.
The group has also pressed the ESG button, highlighting its FTSE Russell ESG rank of No.1 within Alternative Electricity and recognition at Reuters’ Global Energy Transition Awards. These may not change cash flows, but broaden the investor base.
Sceptics point to concentration risk at Khavda and India’s patchy grid evacuation record. Payment cycles from discoms remain a structural risk. Yet AGEL’s velocity of execution and margins keep its 50 GW by 2030 target on track.