Adani Green Energy Limited — New Orders, 25-02-2025: Bagging/Receiving of orders/contracts

Adani Saur Urja (KA) Limited, a wholly-owned subsidiary of Adani Green Energy, has received a Letter of Award from Uttar Pradesh Power Corporation Limited for the procurement of 1,250 MW of energy storage capacity from Pumped Hydro Storage Projects. Secured through an e-Reverse Auction, the agreement stipulates an annual fixed cost of ₹76,53,226 per MW for a duration of 40 years. This significant contract enhances Adani Green's operational capacity and solidifies its position in the energy storage sector, crucial for addressing renewable energy demands. Investors should monitor this development closely, as it presents a substantial growth opportunity linked to India’s energy transition strategy.