Adani Green Block Deal: BNP Paribas Acquires 6.9 Lakh Shares Worth ₹56 Crore
Agencies report that substantial block deals have bolstered Adani Green shares, driven by a robust increase in renewable capacity, which has led to impressive power revenue growth, despite facing a quarterly net loss. On Tuesday, the French multinational bank BNP Paribas was the buyer in two block deals for Adani Green Energy, with Morgan Stanley acting as the seller.
Key Details of the Block Deal
– Shares Acquired: 6.9 lakh
– Total Value: ₹56 crore
– Per Share Price: ₹808.3 (a 1% discount from Monday’s close of ₹816.45)
– Seller: Morgan Stanley, through its investment arm, Morgan Stanley Asia (Singapore) Pte.
Post-deal, Adani Green Energy shares concluded trading at ₹839 on the NSE, marking an increase of ₹22.55 or 2.76%. However, the overall performance of Adani Green Energy shares has lagged behind broader market indices, declining by 12% over the past year compared to a 2% drop in Nifty and a 4% decrease in the BSE Sensex.
Market Position and Performance
– The stock has dipped below key moving averages: 50-day (₹908) and 200-day (₹987) simple moving averages, as noted by Trendlyne data.
– The company reported a net loss of ₹41 crore for the December quarter, a stark contrast to the profit of ₹492 crore recorded in the same quarter last year and ₹583 crore in the previous quarter.
– Despite the losses, total income rose by 8% year-over-year (YoY) to ₹2,837 crore, with revenue from power supply increasing by 21% YoY to ₹2,420 crore for the October–December 2025 period.
– Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for this segment rose by 23% YoY to ₹2,269 crore.
This growth in revenue and EBITDA is attributed to:
– The addition of 5.6 GW of greenfield capacity.
– Deployment of advanced renewable technologies.
– Strong operational efficiencies and new capacity commissioning at resource-rich sites in Khavda, Gujarat, and Rajasthan.
Ashish Khanna, CEO of Adani Green, stated, “In 2026, Adani Green maintained its growth, adding 5.6 GW of renewable energy capacity, which represents nearly 14% of all new solar and wind installations across India.” The company’s total operational capacity has reached 17.2 GW, keeping it on track toward its ambitious target of 50 GW. The Khavda project, noted as the world’s largest renewable energy facility, is advancing rapidly.
In conclusion, while the Adani Green block deal highlights significant investment activity from BNP Paribas and reflects operational growth, the company faces challenges in recovering from its recent losses. As the renewable energy sector expands, the focus will remain on Adani Green’s strategic developments and their potential impact on future revenues.