Adani Green Energy By Amarjeet Maurya, Angel Broking Ltd
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Below are Views On Adani Green Energy By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
Adani Green Energy Limited (AGEL), one of the largest renewables companies in India, today announced that it has signed a share purchase agreement for the acquisition of 100% stake in two SPVs holding 74.94 MW operating solar projects of Sterling & Wilson. The acquisition is at an enterprise valuation of approximately Rs446cr. With this acquisition, AGEL will have operating renewable capacity of 3,470 MW with a total renewable portfolio of 15,240 MW. This is a positive development for the company, which would support revenue growth for FY22.
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