Adani Green Energy Limited has informed the Exchange regarding 'Power PurchaseAgreement'.
ADANIGREEN · price
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Adani Green Energy's wholly-owned step-down subsidiary, Adani Green Energy Sixty Nine Limited, has signed a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) on May 3, 2025. The PPA covers the supply of 400 MW of solar power from a grid-connected solar PV project to be built in Rajasthan. This follows an earlier intimation made on March 28, 2025. UPPCL is a state government-owned power distribution entity, making this a government-backed offtake commitment.
The agreement adds 400 MW of locked-in revenue from a state utility buyer, strengthening the company's order book and providing visibility on future cash flows. For shareholders, it reinforces AGEL's execution pipeline but is a routine capacity addition rather than a transformative deal.