Adani Green Energy shares tumble 2% on announcing CEO resignation

Shares of Adani Green Energy (AGEL) today fell by 2.3% to a low of Rs 1,053.25 on the BSE after the company announced that Amit Singh, the CEO of the company, will step down from the role and assume a new role in the Adani Group, effective March 2025.

Additionally, Ashish Khanna, presently the CEO of the International Energy Business of the Adani Group, will be appointed as the new CEO of AGEL, effective April 1, 2025.

“We hereby notify the stock exchanges about the following leadership transition, as noted / approved during the meeting of the Board of Directors of the Company held on December 30, 2024: 1. Mr. Amit Singh, CEO (a Key Managerial Personnel, categorized as Senior Management Personnel), to step down from his position as CEO of the Company, effective March 31, 2025,” said the company in an exchange filing.


It was further informed that Amit Singh will be transitioning to a different leadership role in the Adani Group post the completion of his remaining tenure as the CEO of Adani Green Energy.

Also read: Adani Wilmar shares slide 7% as Adani Enterprises announces exit from Wilmar JV in $2 billion deal

AGEL is India’s largest and one of the leading renewable energy companies in the world enabling the clean energy transition. The company develops, owns, and operates utility scale grid-connected solar, wind, hybrid and hydro-pumped storage renewable power plants.

The shares of AGEL have been on a falling spree for some time now, having fallen by 34.4% in the last one year and on a year-to-date basis. Even in the shorter term, the stock has gone down by 41.4% in the last 6 months and by 45% in the last 3 months, according to the BSE analytics.

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