Prime Highlight:
- Adani Green Energy has incorporated a new wholly owned subsidiary, Adani Ecogen Seven Ltd, as part of its strategy to expand its renewable energy footprint.
- The move strengthens the company’s focus on wind, solar, and other clean energy sources in support of India’s energy transition goals.
Key Facts:
- Adani Ecogen Seven Ltd was incorporated on January 2, 2026, with an authorised and paid-up capital of Rs 1 lakh, and is registered in Ahmedabad, Gujarat.
- Adani Green Energy reported a 111.2% jump in Q2 FY26 net profit to Rs 583 crore, while its shares closed 0.06% lower at Rs 1,018 on the BSE.
Background:
Adani Green Energy Ltd (AGEL) has announced the incorporation of a new renewable energy subsidiary as part of its ongoing expansion plans. The company said its wholly owned arm, Adani Renewable Energy Holding Eleven Ltd (AREH11L), has set up Adani Ecogen Seven Ltd (AE7L) as a wholly owned subsidiary.
According to the company, AE7L was incorporated on January 2, 2026, and the certificate of incorporation was received on January 7, 2026. The new entity has been created to carry out activities related to the generation, development, transmission, distribution, sale, and supply of power using wind energy, solar energy, and other renewable sources.
AREH11L holds 100% of the share capital of Adani Ecogen Seven. The company is incorporated in India and officially registered with the Registrar of Companies in Ahmedabad, Gujarat. AE7L has not yet begun business operations.
The authorised share capital of the newly formed subsidiary stands at Rs 1 lakh, with a paid-up capital of Rs 1 lakh. The company said the incorporation aligns with its broader strategy to strengthen its renewable energy portfolio and support India’s clean energy transition.
Adani Green Energy is India’s largest renewable energy company and among the leading players globally in clean power. The company develops, owns, and operates large-scale grid-connected solar, wind, hybrid, and hydro pumped storage power projects. It has set a target of achieving 50 GW of renewable energy capacity by 2030, in line with India’s decarbonisation goals.
On the financial front, Adani Green Energy reported a sharp 111.2% jump in consolidated net profit to Rs 583 crore in the second quarter of FY26. However, consolidated net sales declined by 5.3% to Rs 2,824 crore compared with the same period last year.
Shares of Adani Green Energy ended marginally lower, slipping 0.06% to Rs 1,018 on the BSE
