Ahmedabad, September 24, 2025: Adani Group chairman Gautam S. Adani has written to shareholders of Adani Green Energy Limited, marking a significant milestone after the Securities and Exchange Board of India (SEBI) dismissed all allegations against the group.
Adani said SEBI’s verdict was a “resounding and unequivocal” validation of the group’s transparency and governance standards. “What was meant to weaken us has instead strengthened the very core of our foundations,” he told investors, adding that the storm triggered by the Hindenburg report had become a defining inflection point for the conglomerate.
Financial and operational highlights
- EBITDA growth: Portfolio EBITDA jumped from ₹57,205 crore in FY23 to ₹89,806 crore in FY25, an increase of ₹32,601 crore (~57% growth, 25% CAGR).
- Asset expansion: The group’s gross block rose from ₹4,12,318 crore to ₹6,09,133 crore in two years, a 48% increase.
- Key projects:
- Commissioning of India’s first container transshipment port at Vizhinjam, along with the Colombo West International Terminal.
- Addition of 6 GW of renewable capacity, including the world’s largest single-location renewable project at Khavda.
- Launch of the world’s largest copper smelter and metallurgical complex.
- Expansion of its energy network with 7,000 circuit kms of transmission lines and 4 GW of new thermal capacity across India and overseas.
Looking ahead
Adani pledged to further strengthen governance standards, accelerate sustainability and innovation, and double down on nation-building initiatives. “Let this moment not merely restore confidence. Let it reaffirm what your company stands for — resilience in adversity, integrity in action and an unyielding commitment to building a brighter future for India and the world,” he concluded.
