Adani group stock jumps 3% after shares worth ₹2,718 Cr change hands via block deal

Synopsis:: This green energy company is in the news today following the huge block deal that was carried out today with around 2.8 crore shares, worth around Rs 2,718 crore, which saw the exchange of hands; the parties involved are yet to be disclosed. 

This company, which is a holding company of several subsidiaries carrying on the business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities, had its shares in the news after a block deal involving the company came into the limelight with roughly 1.7% of company shares being traded.  

With the market cap of Rs 1,65,368 crore, the shares of Adani Green Energy Ltd had hit its intraday high at Rs 1027.70, rising by about 3 per cent compared to its previous day closing price of Rs 999.55. The shares are trading at a PE of 75.4, whereas its industry PE is at 25.6, and have given a return of 3,300 per cent since its listing. 

About the block deal

Adani Green Energy saw major action in the markets after a large block deal hit the market, with about 2.8 crore shares, which is roughly 1.7% of the company, changing hands for around Rs 2,718 crore. The shares were sold at about Rs 970 each, slightly below the last traded price

The size of the sale naturally raised eyebrows, and while such deals are often strategic or simply profit-booking, the transaction is big enough to create short-term fluctuations as the market digests what this means for AGEL’s shareholding and future sentiment. Investors will be watching closely to see whether this sparks further institutional interest or leads to more cautious trading in the near term.

Despite the noise around the block deal, Adani Green Energy continues to be one of India’s most prominent renewable energy companies, rapidly expanding its solar and wind portfolio. The company’s long-term growth story tied to India’s clean-energy push remains intact, but keeping confidence high will depend on how clearly it communicates its upcoming capacity additions and execution plans. For now, the focus stays on how the market interprets this exit and whether new buyers step in to absorb the stake with a long-term view.

At the end of the September quarter, the promoters of Adani Green Energy held 62.44% of the company. Among DII investors, LIC held 1.3%, and in FII’s Goldman Sachs Gqg Partners International Opportunities Fund and GQG Partners’ emerging markets equity fund was also a notable shareholder with a 2.46% and 1.85% stake in the firm respectively. 

Financials and others

The revenue from operations for the company stands at Rs 3,008 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 3,005 crores, which is more or less the same. However, the net profit stood at Rs 644 crore in Q2 FY26, up from Rs 515 crore in Q2 FY25, giving an increase of about 25 per cent. 

Adani Green Energy’s aggressive expansion plan includes a scale-up from 16.7 GW of operational capacity to a targeted 50 GW by FY2030, nearly a threefold jump. The company’s resource mix remains heavily solar-driven, currently 70% solar, 13% wind, and 18% hybrid, which gradually shifts to 71% solar, 13% wind, 11% hybrid, and 5% PSP (pumped storage) by FY30, indicating a more balanced and resilient energy portfolio. 

The contract mix also shows a strong focus on stability, with 81% capacity under long-term PPAs today, transitioning to 75% PPAs and 25% merchant/exchange-linked by 2030, signalling a strategic move to blend predictable revenues with higher-yield merchant opportunities. Overall, the visual reflects AGEL’s ambition to scale rapidly while diversifying both its technology mix and its revenue structure for long-term growth.

Adani Green Energy Limited (AGEL) is one of India’s largest renewable energy companies, operating a sizable clean energy portfolio of 16.7 GW across the country. As part of the Adani Group, the company aims to support India’s shift toward a cleaner and more sustainable future. AGEL develops, builds, owns, and operates large-scale solar and wind power projects, supplying electricity primarily to central and state government entities as well as government-backed corporations.

Written by Leon Mendonca.

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