The Exchange has sought clarification from Adani Green Energy Limited with respect to recent news item captioned Adani Green targets 7 GWh BESS in Gujarat & up to ₹40,000 crore capex in FY27. The response from the Company is attached.
ADANIGREEN · price
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NSE sought clarification from Adani Green Energy regarding a recent news report about the company planning 7 GWh of Battery Energy Storage System (BESS) capacity in Gujarat and a capex outlay of up to ₹40,000 crore by FY27. The company submitted its response to the exchange, which is attached to the filing. The capex figure of ₹40,000 crore is a substantial investment commitment aimed at expanding the company's renewable energy and storage portfolio. This is part of Adani Green's broader growth strategy in the clean energy space.
The clarification filing confirms management's aggressive expansion plans, which could be seen positively by investors betting on long-term renewable energy growth, though the large capex may raise near-term concerns about leverage and execution risk.