Adani Green Energy soars as its arm commissions wind power plant in Madhya Pradesh
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Adani Green Energy is currently trading at Rs. 2346.05, up by 30.75 points or 1.33% from its previous closing of Rs. 2315.30 on the BSE.
The scrip opened at Rs. 2334.50 and has touched a high and low of Rs. 2366.90 and Rs. 2292.30 respectively. So far 312608 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3048.00 on 19-Apr-2022 and a 52 week low of Rs. 1099.25 on 21-Sep-2021.
Last one week high and low of the scrip stood at Rs. 2390.00 and Rs. 2201.35 respectively. The current market cap of the company is Rs. 371606.10 crore.
The promoters holding in the company stood at 60.50%, while Institutions and Non-Institutions held 16.89% and 22.61% respectively.
Adani Green Energy’s subsidiary -- Adani Wind Energy MP One (AWEMP1PL) has commissioned a 324.4 MW Wind Power Plant in Dhar, Madhya Pradesh. The plant has two 25-year Power Purchase Agreements (PPAs) with Solar Energy Corporation of India (SECI) of 274.4 MW and 50 MW, at Rs 2.83/kwh.
With the successful commissioning of this plant, Adani Green Energy has increased its operational generation capacity to 6.1 GW. This places company’s total renewable portfolio of around 20.4 GW well on track to reach its vision of 25 GW capacity by 2025. The newly commissioned plant will be managed by the Adani Group’s intelligent ‘Energy Network Operation Centre’ platform, which has proven technological capability and has aided company in achieving superior operational performance of its entire renewable portfolio spread across diverse locations in India.
Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.
