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.

Adani Green Energy Limited has successfully operationalized a 50 MW solar power project at Khavda, Gujarat, marking another significant milestone in its renewable energy expansion. The project was commissioned through Adani Green Energy Twenty Six A Limited (AGE26AL), a wholly-owned stepdown subsidiary of the company.

Project Commissioning Details

The solar power facility commenced operations on January 25, 2026, following the completion of all relevant clearances. The decision to operationalize the plant was finalized at 10.49 a.m. on January 25, 2026, with power generation beginning the same day.

Enhanced Operational Capacity

With the commissioning of this solar facility, Adani Green Energy Limited's total operational renewable generation capacity has reached 17,287.2 MW. This expansion demonstrates the company's continued commitment to strengthening India's renewable energy infrastructure and contributing to the nation's clean energy goals.

Corporate Structure

The project is operated through AGE26AL, which serves as a wholly-owned stepdown subsidiary of Adani Green Energy Limited. This structure allows the company to efficiently manage and operate multiple renewable energy projects across different locations while maintaining centralized oversight and control.

Regulatory Compliance

The company has informed both BSE Limited and The National Stock Exchange of India Limited about the operationalization under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. This notification ensures transparency and keeps stakeholders informed about significant operational developments.