Adani Green Energy is constructing a 14 GWh battery storage system in Khavda, Gujarat, to combat clean energy wastage. The company aims to expand storage to 50 GWh within five years, addressing India's significant loss of renewable power due to insufficient storage infrastructure.
US prosecutors have asked a judge to dismiss criminal fraud and conspiracy charges against Indian billionaire Gautam Adani, who was accused of bribing officials for a major solar project. Adani's legal team consented to the dismissal, which still requires judicial approval.
Adani Green Energy reported a 34.3% YoY increase in Q4 net profit to Rs 514 crore, driven by 16% revenue growth to Rs 3,094 crore. EBITDA rose 20% to Rs 2,944 crore with margin improving to 91%. For FY26, revenue jumped 22% to Rs 11,602 crore while operational capacity expanded 35% to 19.3 GW following 5.1 GW of greenfield additions.
