Adani Green Energy inches up after its arm inks PPAs with MSEDCL
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Adani Green Energy is currently trading at Rs. 1633.30, up by 0.65 points or 0.04% from its previous closing of Rs. 1632.65 on the BSE.
The scrip opened at Rs. 1640.00 and has touched a high and low of Rs. 1663.15 and Rs. 1625.00 respectively. So far 13046 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. 875.05 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 1712.45 and Rs. 1587.25 respectively. The current market cap of the company is Rs. 258371.54 crore.
The promoters holding in the company stood at 60.94%, while Institutions and Non-Institutions held 16.60% and 22.46% respectively.
Adani Green Energy’s (AGEL) wholly-owned step-down subsidiary -- Adani Renewable Energy Fifty Five has entered into power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company (MSEDCL) for supply of 5 GW (5,000 MW) solar power.
Earlier, Adani Green Energy’s wholly-owned step-down subsidiary -- Adani Renewable Energy Three had entered into power consumption agreement (PCA) for supply of green power to a commercial and industrial (C&I) customer.
Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.
