ADANI GREEN ENERGY
LIMITED
Presentation by:
Pakshal Shah
About Company
❖ Adani Green Energy Limited (AGEL) is one of the largest renewable companies
in India, with a current project portfolio of 13,990 MW. AGEL is part of the
Adani Group’s promise to provide a better, cleaner and greener future for India.
Driven by the Group’s philosophy of ‘Growth with Goodness’, the Company
develops, builds, owns, operates and maintains utility-scale grid-connected
solar and wind farm projects. The electricity generated is supplied to central
and state government entities and government-backed corporations.
❖ On the back of long-term Power Purchase Agreements (PPAs) of 25 years with
central and state government entities, AGEL has leveraged its capabilities and
expanded its presence across 11 Indian states. The Company deploys the latest
technologies in its projects. With a portfolio of 54 operational projects and 12
projects under construction, AGEL is driving India on its renewable energy
journey
Share Holding Pattern
Meet Our Team
MD & CEO: Chairman:
Vneet S Jaain Gautam Adani
Strengths
Weakness
• Ethical Issues: Though Adani has always been vocal about their
commitment towards the society they have been facing an allegation of
illegal coal mining for which they are facing charges under the court of law.
They have also got into issues like illegal land encroachment in SEZ in
Mundra
• Unhappy shareholders: The Adani Group has not been able to create
shareholder satisfaction and this is evident by the fact that the group has lost
14 to 24 percent of their wealth and their debt has increased to around Rs
70,000 crores.
• High-risk appetite: Probably inspired by the sudden growth spurt the top
brass of Adani Group made some risky investments in mining in Australia
which are not giving the promised returns. In addition to this, some of their
investments in infrastructure and real estate are also taking time to
monetize.
Opportunities
→ Promising External Environment:
India’s energy mix is increasingly shifting towards renewable sources, triggered
to a large extent by targeted government efforts and policy initiatives. This,
combined with improvements in transmission and distribution infrastructure, is
leading to an overall reduction in shortages..
→ Technology:
New technologies involving automation, Artificial Intelligence (AI), and
blockchain, as well as advanced materials and manufacturing processes, can
accelerate the deployment of renewables.
→ Hybridization of solar & wind energy:
A hybrid wind and solar plant helps diminish variability in power generation.
Hybrid projects would also have much higher capacity utilization, thus removing
the intermittency challenge. Such projects enjoy the additional benefit of a
reduction in costs associated with sharing transmission lines.
Threats
• Foreign investment: Foreign investment inspectors like energy and
infrastructure have grown profusely in the last decade. An estimated
investment of around US$22 billion has been projected for the next five
years in infrastructure. There are also a lot of foreign infrastructure
conglomerates moving into India. This can be a potential threat to the
company.
• Negative perceptions on the group: In comparison to other Indian
conglomerates like the Tatas or the Birla’s, the Adani Group has come
into existence recently and thus do not have the trust or goodwill that
the others have. Adding to this are allegations of illegal encroachment
and mining scandal
Competitor Analysis
MARKET CAP. SALES
COMPANY LAST PRICE NET PROFIT TOTAL ASSETS
(RS. CR.) TURNOVER
ADANI GREEN 1,037.50 162,266.04 1,246.84 134.26 4,261.47
POWER GRID CORPN 191.55 100,211.10 36,185.54 10,811.18 216,720.72
NTPC 100.45 99,390.85 97,700.39 10,112.81 284,910.91
TATA POWER CO. 77.20 24,667.72 7,726.39 148.12 33,699.06
NHPC LTD 23.05 23,153.79 8,748.04 3,007.17 57,377.18
TORRENT POWER 320.05 15,382.24 13,466.01 1,238.14 18,864.21
JSW ENERGY 69.05 11,343.47 4,313.99 497.81 11,672.93
Way Forward
✓ GW scale Development with up to 15 GW sites to optimize costs and
delivery timelines
✓ Value driven Resource mix including Solar, Wind, Hybrid & RTC
✓ Automation & Analytics driven O&M (ENOC)
✓ Focus on Sovereign equivalent Counterparties
✓ Strategic partnerships with OEMs for optimal pricing and quality
✓ Unlocking value through strategic partnerships such as TOTAL
✓ Access to global capital markets for long debt maturities & optimized
financing cost
