Adani Green Energy Ltd (AGEL) saw an uptick in stock price following the announcement that its wholly-owned subsidiary, Adani Saur Urja (LA), has received a Letter of Award (LoA) from Uttar Pradesh Power Corporation Ltd (UPPCL) for the procurement of 1,250 MW energy storage capacity from Pumped Hydro Storage Projects.
The contract was secured through an e-Reverse Auction conducted by UPPCL, and it marks a significant milestone in India’s renewable energy sector, reinforcing Adani Green Energy’s leadership in sustainable power solutions.
📊 Adani Green Energy Stock Performance & Market Trends
✔ Current Trading Price: ₹844.50, up ₹4.15 (0.49%) from the previous close
✔ Opening Price: ₹851.50
✔ Intraday High-Low: ₹858.45 – ₹836.80
✔ 52-Week High: ₹2,173.65 (03-Jun-2024)
✔ 52-Week Low: ₹818.50 (24-Feb-2025)
✔ Market Capitalization: ₹1,33,256.73 crore
✔ Shareholding Pattern:
- Promoters: 60.94%
- Institutional Investors: 15.40%
- Non-Institutional Investors: 23.66%
⚡ Adani Saur Urja (LA) Secures 1,250 MW Energy Storage Project
Adani Green Energy’s subsidiary, Adani Saur Urja (LA), has been awarded a long-term contract for 1,250 MW energy storage from Pumped Hydro Storage Projects.
✔ Contracting Authority: Uttar Pradesh Power Corporation Ltd (UPPCL)
✔ Project Capacity: 1,250 MW Energy Storage
✔ Contract Duration: 40 years from Commercial Operation Date (COD)
✔ Annual Fixed Cost: ₹76.53 lakh per MW per annum (excluding taxes)
This project is expected to enhance Uttar Pradesh’s energy security by integrating large-scale renewable energy into the power grid, ensuring stability and efficient power supply management.
🌍 Strengthening India’s Renewable Energy Future
Adani Green Energy continues to expand its renewable energy footprint, leveraging its expertise in solar, wind, and energy storage solutions.
✔ Leading Renewable Energy Producer: Operates one of the largest solar and wind power portfolios in India
✔ Sustainable Energy Growth: Focuses on energy storage to enhance grid stability
✔ Commitment to India’s Energy Transition: Supports India’s renewable energy goals under the National Electricity Plan
With this landmark project, Adani Green Energy strengthens its position as a key player in India’s renewable energy ecosystem, contributing to a cleaner, greener future.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
