Highlights:

• Adani Green Energy has received positive ratings from Investec Bank, Emkay Global, Jefferies, and ICICI Securities.
• Analysts set price targets ranging from ₹1,230 to ₹1,522.
• The company, alongside Adani Power, is set to invest approximately ₹63,000 crore in two major energy projects in Assam.
• Adani Green Energy plans to deploy about ₹15,000 crore toward pumped storage capacity totalling 2,700 MW.

Adani Green Energy (NSE:ADANIGREEN) has drawn focused investor interest as several major financial institutions have issued ratings and target prices for the company. Analysts from Investec Bank, Emkay Global Financial Services, Jefferies, and ICICI Securities have all provided their assessments, with each firm assigning a form of buy recommendation and price targets ranging between ₹1,230 and ₹1,522.

The series of ratings comes at a time when Adani Green Energy is accelerating its long-term energy infrastructure plans, reinforcing its position as one of India’s largest renewable energy players.

Adani Group Announces ₹63,000 Crore Energy Push in Assam

Two of the Adani Group’s leading energy companies—Adani Power Ltd and Adani Green Energy Ltd—have received Letters of Award from the Assam government for transformative projects worth nearly ₹63,000 crore. The investments mark the largest private-sector commitment in the region’s history and underline the conglomerate’s expanding presence in India’s Northeast.

Adani Power will invest about ₹48,000 crore in a 3,200 MW greenfield ultra-supercritical thermal power plant. The company won the bid by offering a tariff of ₹6.30 per kWh and will develop the facility under the DBFOO model. The plant is designed to be commissioned in phases beginning December 2030 and is expected to generate direct and indirect employment for 20,000 to 25,000 people during construction, with roughly 3,500 jobs supported during operations.

Coal linkage for the project has been secured under the Government of India’s SHAKTI policy. Approvals from the Assam Electricity Regulatory Commission are already in place, with a Power Supply Agreement with APDCL to follow. Adani Power continues to expand its footprint and aims to grow its total generation capacity to approximately 42 GW by FY2031-32.

Adani Green Energy Advances Pumped Storage Projects

Adani Green Energy will invest around ₹15,000 crore in two pumped storage projects with a combined 2,700 MW capacity. The company secured the bid for 500 MW of the state’s energy storage requirement. These projects will support electricity demand management, grid stability, and renewable energy integration—furthering Assam’s transition to cleaner energy systems.

The pumped storage systems are expected to play a central role in balancing peak demand and ensuring uninterrupted power supply. They also align with the company's wider strategy to combine renewable generation with firm, dispatchable storage capacity.

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