AGEL records 23% growth in EBITDA to Rs 10,865 crore
Adani Green Energy Ltd (AGEL), India’s largest and fastest-growing pure-play renewable energy (RE) company, has announced financial results for the period ending March 31, 2026, showcasing robust growth and operational excellence.
AGEL’s energy sales increased by 34 per cent YoY to 37,567 million units in FY26. The revenue from power supply is up 22 per cent YoY to Rs 11,602 crore. The EBITDA from power supply grew 23 per cent YoY to Rs 10,865 crore. The cash profit surged 11 per cent YoY to Rs 5,399 crore.
The strong revenue and EBITDA growth are primarily backed by robust greenfield capacity additions of 5.1 GW in FY26, deployment of advanced RE technologies, strong plant performance and commissioning of new capacities in resource-rich sites in Khavda, Gujarat and Rajasthan.
Installed BESS (battery storage) capacity of 1,376 MWh in Khavda, one of the largest single-location deployments globally. Targeting more than 10,000 MWh capacity by FY27.
Sagar Adani, Executive Director, Adani Green Energy, said, “FY26 was a landmark year in Adani Green’s history. The company, on the back of robust projects and operational excellence, commissioned 5.1 GW of greenfield capacity, thereby reaching 19.3 GW of total operational capacity. It is the highest greenfield annual capacity expansion globally by any company (outside China). This milestone not only consolidates our leadership position in India’s renewable energy sector but also puts us in a different orbit of execution excellence.”
“Our flagship Khavda project, the world’s largest renewable energy plant, continues to make significant progress. On the battery storage side, we installed 1.4 GWh of capacity in FY26, which is one of the world’s largest single-location BESS deployment and will complement our contract mix to take us closer to building a resilient and future-ready energy ecosystem. Our Pumped Hydro Storage Project (PSP) in Andhra Pradesh is also progressing well,” he added.
AGEL’s 19,294 MW of operational portfolio will power more than 8.7 million homes and avoid about 36 million tonnes of CO2e emissions annually. The continued recognition of our ESG efforts reaffirms our commitment to sustainable growth and accelerating India’s energy transition.”
AGEL has consistently expanded its greenfield capacities backed by advanced resource planning, engineering, and supply chain management, with project management, execution and assurance from our partner, Adani Infra India Ltd (AIIL).
The company’s operational capacity expanded by a robust 35 per cent YoY to 19.3 GW, putting us on track to achieve the 50 GW target.
AGEL added 5,051 MW greenfield capacity in FY26, which is 1.5 times the capacity addition in FY25. The greenfield additions of 5,051 MW included 3,412 MW of solar capacity (2,974 MW in Khavda, Gujarat, and 438 MW in Rajasthan); 683 MW of wind capacity in Khavda; and 956 MW of solar-wind hybrid capacity in Khavda.
The energy sales increased by 34 per cent YoY on the back of strong operational performance.
AGEL’s operations and maintenance (O&M) leverage sophisticated data analytics, enhanced by machine learning and artificial intelligence, in collaboration with our O&M partners, Adani Infra Management Services Pvt Ltd (AIMSL).
