Adani Green Energy Limited has issued a formal clarification to stock exchanges regarding recent media reports about its Battery Energy Storage Systems (BESS) project and capital expenditure plans. The company filed the clarification under Regulation 30 of SEBI listing requirements on January 27, 2026.

Media Report Clarification

The clarification addresses a specific media report titled 'Adani Green targets 7 GWh BESS in Gujarat & up to Rs. 40,000 crore capex in FY27' published on The Hindu Business Line website on January 27, 2026. The company responded to queries from BSE Limited and The National Stock Exchange of India Limited regarding this report.

BESS Project Development Status

The company referenced its previous communications regarding the BESS project implementation:

Future Capacity Expansion Plans

Adani Green Energy outlined its strategic plans for BESS capacity enhancement. The company confirmed it is already on track to deploy one of the world's largest single location BESS in the coming months. Additionally, the company expressed intentions to enhance its BESS capacities, potentially more than doubling the current year's capacity in the subsequent financial year.

Stakeholder Value and Compliance

The company emphasized that the commissioning of the BESS project is expected to significantly enhance value for all stakeholders. Adani Green Energy reaffirmed its commitment to maintaining transparency through proper regulatory disclosures.

The clarification was signed by Pragnesh Darji, Company Secretary, and submitted to both major Indian stock exchanges as part of the company's regulatory obligations.

Adani Green Energy shares demonstrated a strong recovery on Tuesday, January 27, surging 6% to touch an intraday high of Rs 818.45 as investors appeared to buy the dip following Friday's sharp decline. The stock had previously dropped 12% amid regulatory concerns, but investor sentiment showed signs of improvement following the company's weekend clarification.

SEC Proceedings Clarification

The initial decline was triggered by Bloomberg reports indicating that the US Securities and Exchange Commission was seeking to directly serve summons on Gautam Adani and Sagar Adani in connection with a $265 million bribery and fraud case. However, Adani Green Energy released a comprehensive clarification over the weekend addressing these developments.

The company emphasized that it is not a party to the civil proceedings initiated by the SEC and confirmed that no charges have been brought against it. According to the clarification, the company's legal counsel is already engaged in discussions with the SEC regarding procedural matters related to the regulator's request to serve summons through alternative methods, including via US-based legal representatives. The matter remains pending before the concerned court, with the company requesting deferral of any ruling until further updates are filed.

Operational Expansion

Separately, Adani Green Energy announced the operationalization of a new 50 MW solar project at Khavda, Gujarat, through a regulatory filing on January 25. This commissioning represents continued expansion of the company's renewable energy portfolio.

Q3FY26 Financial Performance

Adani Green Energy reported mixed financial results for the December 2025 quarter, showing operational strength despite bottom-line pressure. The company posted a net loss of Rs 41 crore compared to a net profit of Rs 492 crore in the same quarter last year and Rs 583 crore in the September 2025 quarter.

Despite the net loss, the company demonstrated strong operational performance with total income rising 8% year-on-year to Rs 2,837 crore. Revenue from power supply showed particularly robust growth of 21% year-on-year to Rs 2,420 crore, while segment-level EBITDA increased 23% year-on-year to Rs 2,269 crore.

Growth Drivers

The company attributed its strong operational performance to several key factors:

• Commissioning of new capacities including greenfield capacity addition of 5.6 GW
• Deployment of advanced renewable energy technologies
• Strong plant performance at sites in Khavda, Gujarat, and Rajasthan

The Tuesday recovery suggests that investors may be focusing on the company's operational strengths and capacity expansion rather than the regulatory uncertainties, though the situation continues to evolve as legal proceedings remain pending.