Adani Green Energy Limited — Important, 28-03-2025: Updates

Adani Renewable Energy Holding Twelve Limited (AREH12L), a wholly-owned subsidiary of Adani Green Energy Limited, has secured a Letter of Award from Uttar Pradesh Power Corporation Limited (UPPCL) for the supply of 400 MW solar power from a grid-connected solar PV project in Rajasthan. The project is set at a tariff of Rs. 2.57/kWh and has a contract period of 25 years. This significant contract enhances the company's position in the renewable energy sector while ensuring steady revenue over the long term. Investors should view this development positively as it reflects growth in the company’s portfolio and strengthens its operational capabilities in the solar energy market.