Adani Green Energy delivered strong operational performance in 9M FY25, with revenue from power supply up 18% YoY to ₹6,829 crore and EBITDA up 18% YoY to ₹6,366 crore.
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Delays in grid connectivity by CTU/PGCIL have shifted some projects to the right. Management is coordinating closely but this remains a key risk for future capacity additions.
high · management_commentaryUpcoming ALMM norms and restrictions on solar cell imports may increase costs by $0.02-$0.03 per watt initially. Management has secured supply agreements but cost impact is uncertain.
medium · management_commentaryAnalyst questioned backup plans if domestic bank refinancing fails. Management cited advanced discussions and multiple options, but any delay could impact liquidity.
medium · analyst_questionDISCOMs are hesitant to sign PPAs due to existing backlog. Management expects RPO obligations to drive demand, but near-term PPA signing may remain slow.
medium · analyst_question