Shares of Adani Green Energy Ltd. witnessed a significant uptick, rising over 3% following a crucial development in the ongoing Hindenburg Research controversy. The Securities and Exchange Board of India (SEBI) has cleared the company and its Chairman, Gautam Adani, of allegations related to routing funds through three entities to conceal related party transactions.

Market Response and Analyst Outlook

The stock demonstrated strong performance, trading 3.59% higher at Rs 1,014.05. Notably, the trading volume surged to 25 times its 30-day average, indicating heightened investor interest following the SEBI clearance.

Jefferies, a prominent brokerage firm, maintained its bullish stance on Adani Green, reiterating a 'Buy' rating with a target price of Rs 1,300. The brokerage highlighted management's confidence in the company's ambitious expansion plans, which aim to increase capacity from the current 14 GW to 50 GW by 2030.

Capacity Expansion and Future Projections

Jefferies estimates suggest that Adani Green is on track to add 4.5 GW and 6.3 GW of capacity in upcoming periods. The company's management has reaffirmed its guidance of adding 5 GW of capacity, aligning closely with these projections.

A significant portion of Adani Green's expansion strategy involves the development of a massive 30 GW renewable energy project at Khavda. This project forms a crucial part of the company's overarching goal to achieve 50 GW of renewable energy capacity.

Analyst Consensus and Stock Potential

The positive sentiment surrounding Adani Green is reflected in the broader analyst community. Six out of seven analysts covering the stock have issued 'Buy' ratings. The consensus target price stands at Rs 1,240.40, suggesting a potential upside of 22.32% from current levels.

This favorable outlook from analysts, coupled with the recent SEBI clearance, appears to have bolstered investor confidence in Adani Green's growth prospects and operational integrity.

As the renewable energy sector continues to gain prominence in India's energy landscape, Adani Green's ambitious expansion plans and the recent regulatory clearance position the company as a key player to watch in the coming years.

Adani Green Energy Limited (AGEL) has announced the operationalization of 87.5 MW of solar power projects at Khavda, Gujarat, marking a significant expansion in its renewable energy portfolio. The company disclosed this development through a regulatory filing to the stock exchanges on September 7, 2025.

Project Details

The new solar capacity has been added through two of AGEL's subsidiaries:

Operational Milestone

With the commissioning of these new projects, Adani Green Energy's total operational renewable generation capacity has increased to 16,078.00 MW. This expansion underscores the company's commitment to growing its green energy footprint and contributing to India's renewable energy goals.

Commercial Operation Date

The decision to commercially operationalize these projects was made on September 7, 2025, at 6:18 p.m. The plants officially commenced commercial operations from September 8, 2025, following the receipt of relevant clearances.

Strategic Location

The new solar power projects are located in Khavda, Gujarat, a region known for its high solar irradiation, making it an ideal location for solar power generation. This strategic placement is expected to contribute to the efficient production of clean energy.

Company's Commitment

This latest addition to AGEL's operational capacity reflects the company's ongoing efforts to expand its renewable energy portfolio. As one of India's leading renewable energy companies, Adani Green Energy continues to play a crucial role in the country's transition towards sustainable power sources.

The operationalization of these projects not only enhances AGEL's generation capacity but also contributes to the broader goal of increasing the share of renewable energy in India's power mix. As the company continues to expand its green energy footprint, it remains positioned as a key player in India's renewable energy sector.