Adani Green Energy Limited has announced that its wholly owned subsidiary, Adani Saur Urja (KA) Limited, has received a Letter of Award from Assam Power Distribution Company Limited for a 500 MW pumped hydro storage project.
On November 14, 2025, the company confirmed the receipt of the LOA issued by APDCL for the procurement of 500 MW of energy storage capacity through a pumped hydro storage plant.
The allocation was secured via a competitive bidding process conducted by APDCL, marking a major development in expanding long-duration storage capability in India’s power sector.
The annual fixed cost under the LOA is set at ₹1,02,92,887 per MW per annum. This tariff will apply consistently for 40 years from the commercial operation date. The LOA was received at 4:30 PM on November 13, 2025, confirming the company’s selection as the project awardee.
Read More: Adani Group Forays Into Battery Energy Storage With 1,126 MW Project!
The 500 MW allocation contributes to India’s growing focus on reliable storage solutions to integrate higher renewable capacity. With long-term tariff clarity and a multi-decade operational period, the project aligns with national objectives for sustainable and stable energy supply.
On November 14, 2025, Adani Green Energy share price opened at ₹1,082.90 on NSE, above the previous close of ₹1,076.80. During the day, it surged to ₹1,092.30 and dipped to ₹1,074.60. The stock is trading at ₹1,077.90 as of 9:22 AM. The stock registered a marginal change of 0.10%.
Over the past week, it has moved up by 3.51%, over the past month, it has moved up by 1.66%, and over the past 3 months, it has moved up by 17.48%.
The LOA awarded to Adani Green Energy reinforces the company’s presence in large-scale storage infrastructure. The long tenure and defined tariff structure offer operational visibility as the company advances its pumped hydro storage capabilities.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 14, 2025, 12:25 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
