Date: October 10, 2026

Operational Update – H1 FY27

Capacity Addition

  • Operational capacity increased by 24% YoY to 20,763 MW with greenfield addition of 4,083 MW
  • Capacity addition during Q2 FY27 was 621 MW
  • Operationalized Battery Energy Storage System (BESS) capacity of 3,081 MWh in Khavda during Q2 FY27
  • Total installed BESS capacity reached 6,632 MWh as of H1 FY27
  • Greenfield additions included:
  • 2,957 MW solar power plants (2,568 MW in Khavda, Gujarat; 389 MW in Rajasthan)
  • 805 MW wind power plants (666 MW in Khavda, Gujarat; 139 MW in Mundra, Gujarat)
  • 321 MW hybrid power plants (321 MW in Khavda, Gujarat)

Operational Performance

  • Sale of Energy increased by 32% YoY to 25,747 million units in H1 FY27
  • Solar portfolio Capacity Utilization Factor (CUF) at 22.9% with 99.3% plant availability
  • Wind portfolio CUF at 42.9% with 94.6% plant availability
  • Hybrid portfolio CUF at 45.2% with 98.8% plant availability
  • Operational portfolio powered more than 4.4 million homes
  • Avoided 17.5 million tonnes of CO2e emissions in H1 FY27

Awards and Recognitions

  • Ranked #1 globally in Alternative Electricity Subsector by FTSE Russell for second consecutive year
  • Largest Project of the Year Award at IESW 2026 for Khavda BESS project
  • Clean Power Generation Award at Reuters Energy Industry Awards 2026 in New York
  • Ranked #1 in Utility sector by NSE Sustainability Ratings and Analytics for second consecutive year
  • Achieved CareEdge-ESG 1+ Rating with score of 87.3, highest ever across all sectors for second consecutive year
  • Ranked #1 in Power Generation sector by CRISIL for fifth consecutive year

Operational Monitoring

  • Real-time monitoring of operating assets across 12 states through Energy Network Operations Center (ENOC) at Ahmedabad
  • Predictive maintenance optimizing Mean Time Between Failure (MTBF)
  • Real-time corrective actions reducing Mean Time To Repair (MTTR)
  • Industrial cloud partnership with Google for ML & AI capabilities
  • Digital twins for Solar & Wind plants
  • Long-term resource forecasting tools

Growth Strategy

  • Secured growth path to 50 GW by 2030
  • Focus on higher returns while maintaining stable cashflows
  • ~250,000 acres of resource-rich sites secured
  • ~5+ GW of Pumped Storage Project (PSP) sites secured
  • 10+ GWh of Front-of-the-Meter (FTM) BESS capacity targeted by FY27
  • 50+ GW potential resource assessment completed

Financial Context

  • Adani Enterprises Limited raised INR 15,000 Cr through QIP during July 2026
  • Promoter's shareholding revised to 71.97% as of 30th June 2026
  • US$ 3.4 billion revolving construction facility to ensure fully funded growth
  • Investment Grade ratings by FITCH for RG1 & RG2 (Restricted Groups 1 & 2)

Annexure: RG1 & RG2 Operational Performance

  • Consistent generation delivery significantly higher than PPA commitment requirements
  • 570 MW RG2 Portfolio showing consistent and predictable sale of energy
  • High plant and grid availability across restricted group portfolios

Investor Relations

Contact: Vijil Jain, Head - Investor Relations

Disclaimer

Document contains forward-looking statements subject to various risks and uncertainties. Does not constitute an offer or recommendation to purchase securities.