Adani Green Energy gains as its arm receives LoA from Uttar Pradesh Power Corporation
Adani Green Energy is currently trading at Rs. 844.50, up by 4.15 points or 0.49% from its previous closing of Rs. 840.35 on the BSE.
The scrip opened at Rs. 851.50 and has touched a high and low of Rs. 858.45 and Rs. 836.80 respectively. So far 117376 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2173.65 on 03-Jun-2024 and a 52 week low of Rs. 818.50 on 24-Feb-2025.
Last one week high and low of the scrip stood at Rs. 883.05 and Rs. 818.50 respectively. The current market cap of the company is Rs. 133256.73 crore.
The promoters holding in the company stood at 60.94%, while Institutions and Non-Institutions held 15.40% and 23.66% respectively.
Adani Green Energy’s wholly-owned subsidiary -- Adani Saur Urja (LA) has received a Letter of Award (LoA) from Uttar Pradesh Power Corporation (UPPCL) for procurement of 1,250 MW energy storage capacity from Pumped Hydro Storage Projects. The capacity is secured through the e-Reverse Auction conducted by UPPCL. The annual fixed cost payable under the LoA is Rs 76.53 lakh per Mw per Annum (taxes extra) for the entire period of 40 years from COD.
Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.
