Ahmedabad, Oct 1: Adani Green Energy Ltd (AGEL) on Thursday said it has expanded its operational Battery Energy Storage System (BESS) capacity to 6.63 gigawatt-hours (GWh) at Khavda, Gujarat, from 3.55 GWh in June 2026.

India’s largest renewable energy company now accounts for more than 50 per cent of the country’s operational BESS capacity of about 12.6 GWh.

“Reaching 6.63 GWh of operational battery storage in just 14 months is a significant milestone for AGEL and India’s clean energy transition. At this scale, storage can make renewable power firmer, more reliable and dispatchable when the grid needs it,” said Sagar Adani, Executive Director, Adani Green Energy.

“As India’s power demand grows, we will continue to scale energy storage solutions, both battery and pumped storage, to support a more resilient, lower-carbon grid,” he noted.

The 6.63 GWh BESS can store enough clean energy to power around two million homes a day, and support peak electricity demand of cities like Nagpur, Patna or Vizag for several hours.

This BESS capacity at Khavda is equivalent to battery storage capacity of more than 150,000 mid-sized EVs and can store enough energy daily to meet almost twice the Delhi Metro’s estimated daily electricity requirement, underscoring the unprecedented scale of the installation.

The scale-up to 6.63 GWh strengthens the integration of renewable energy into the grid by enabling clean power to be stored and dispatched when required, said the company.

This milestone also consolidates Khavda’s position as the world’s largest operational battery energy storage installation at a single location.

The BESS is integrated with AGEL’s renewable energy (RE) development at Khavda, where the company is developing a 30 GW RE plant across 538 square kms of barren land.

The BESS uses lithium-ion battery technology, integrated with an Energy Management Systems (EMS) and automated telemetry to manage charging and discharging, optimise system performance and support grid services. Battery storage can improve grid stability, manage peak demand, reduce energy curtailment, and enable renewable power to be delivered when required.

AGEL said it is on track to add over 10 GWh of BESS capacity in FY 2026-27 and is targeting 50 GWh of storage capacity over the next 5 years.

Mumbai, Sep 30: Domestic equity benchmarks opened flat on Wednesday tracking mixed global cues as investors remained cautious after foreign investors extended their selling streak to a fourth straight session.

Nifty opened at 22,665, down about 50 points or 0.23 per cent. Sensex began trading at 72,441.15, lower by 87.92 points or 0.12 per cent.

In early trade, the Nifty MidSmall IT & Telecom index was top sectoral gainer which rose more than 1 per cent.

Meanwhile, Nifty PSU Bank, Nifty Chemicals, Nifty Oil & Gas, Nifty Cement and Nifty Media also jumped up to 1 per cent.

In contrast, metal stocks were among the laggards with Nifty Metal falling 0.42 per cent. Healthcare and pharmaceutical indices were also marginally lower.

Market experts said elevated US bond yields were contributing to foreign investor selling, while the recent correction had created attractive valuations in parts of the Indian market.

“From the Indian investors’ perspective, this sharp correction in the market presents an opportunity. Largecaps with good growth prospects have reached attractive valuations,” they said.

Experts also noted that a correction in crude oil prices could trigger a market rally with largecap market leaders potentially leading such a move.

Technical analysts said the market could attempt to stabilise after its recent decline, with buying emerging around key technical levels.

Nifty had formed a hammer candle in the previous session, indicating buying interest at lower levels, while strength in select heavyweight stocks helped limit the decline.

The near-term structure has improved towards sideways to mildly bullish following the reversal from 22,600.

Immediate support is seen at 22,650-22,700, while resistance is placed at 22,950-23,000, according to the experts.

On Tuesday, foreign institutional investors (FIIs) extended their selling streak to a fourth consecutive session, offloading equities worth nearly Rs 10,000 crore, according to provisional data.

Domestic institutional investors (DIIs) provided support, buying equities worth nearly Rs 7,000 crore.

In addition, Asian markets were broadly positive in early hours despite a mildly weaker Wall Street session, while investors remained focused on upcoming US economic data and global market trends for further direction.

Mumbai, Sep 29: Gold and silver prices traded lower on Tuesday with precious metals declining up to 1 per cent amid elevated US yields and uncertainty over the US-Iran standoff which weighed on bullion sentiment.

On the Multi Commodity Exchange (MCX), gold futures (December) were trading at Rs 1,48,410 per 10 grams, down Rs 487 or 0.33 per cent.

The yellow metal declined as much as 0.50 per cent or Rs 747 to hit an intraday low of Rs 1,48,150 by 10:34 am. It touched an intraday high of Rs 1,49,034, up 0.09 per cent or Rs 137.

On the other hand, silver futures (December) fell as much as 1.29 per cent or Rs 2,942 to hit an intraday low of Rs 2,24,500 per kg.

At the last count, the white metal was trading at Rs 2,25,338, down Rs 2,104 or 0.93 per cent. It touched an intraday high of Rs 2,26,359, down 0.47 per cent or Rs 1,083.

The selling pressure in precious metals came amid elevated tensions between the US and Iran over the Strait of Hormuz which kept energy prices higher.

Spot gold was also trading lower after falling 4 per cent in the previous session to a seven-week low.

Iranian officials reportedly have privately expressed pessimism about reaching an agreement with Washington to end hostilities before the US midterm elections in November.

The developments came after US President Donald Trump rejected Iran’s latest proposal to reopen the critical waterway within seven days.

The uncertainty has kept energy prices elevated while higher US yields have added pressure on non-yielding assets such as gold and silver.

According to commodity experts, immediate resistance for gold is placed at Rs 1,50,000-1,50,700, followed by Rs 1,52,000-1,52,600, while support is seen at Rs 1,48,000-1,47,300, followed by Rs 1,46,000-1,45,300.

However, the near-term bias remained cautious, with a sustained move above Rs 1,50,000 needed to confirm a recovery. A decisive break below Rs 1,48,000 could trigger another decline.

For silver, the experts said the metal opened with a gap-down near Rs 2,26,000 and remained below the Rs 2,27,000-2,28,000 zone, which has turned into resistance following Monday’s steep decline.

Immediate resistance for silver is seen at Rs 2,27,000-2,28,000, followed by Rs 2,32,000-2,33,000. Support is placed at Rs 2,24,000-2,23,000, followed by Rs 2,20,000-2,19,000.

The bias for silver remained cautious to negative, with a sustained move above Rs 2,28,000 needed to stabilise the setup. A decisive break below Rs 2,24,000 could expose the metal to the Rs 2,20,000 region.