Adani Green Energy FY25 results surpass $1bn EBITDA mark

** Adani Green Energy (AGEL) announced strong financial results for FY25, surpassing USD 1 Billion in EBITDA and driven by a 30% year-over-year increase in operational renewable energy capacity to 14.2 GW. The company achieved record greenfield additions of 3.3 GW. AGEL has also set a goal to reach 50 GW of renewable energy by 2030. In related news, AGEL's board approved re-appointments of Vneet S. Jaain as Managing Director and Raminder Singh Gujral as Independent Director for a second term, subject to shareholder approval. Additionally, the board approved the appointment of Chirag Shah & Associates as Secretarial Auditors and Tejas Shah as Internal Auditor. In compliance with regulatory requirements, AGEL also announced the allotment of 4,490,416 equity shares following the conversion of warrants by Ardour Investment Holding Ltd, increasing promoter group shareholding to 61.04%. Finally, AGEL has entered into a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for 400 MW of solar power and notified its shareholders of an Extra-Ordinary General Meeting (EGM) to approve material related party transactions.