Adani Green Energy touches the roof after its arm incorporates wholly-owned subsidiary
Adani Green Energy is currently trading at its upper limit of Rs. 989.30, up by 89.90 points or 10.00% from its previous closing of Rs. 899.40 on the BSE.
The scrip opened at Rs. 890.05 and has touched a high and low of Rs. 989.30 and Rs. 870.90 respectively. So far 1168394 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. 870.90 on 27-Nov-2024.
Last one week high and low of the scrip stood at Rs. 1219.70 and Rs. 870.90 respectively. The current market cap of the company is Rs. 156708.33 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 wholly-owned subsidiary -- Adani Saur Urja (KA) has incorporated a wholly-owned subsidiary (WOS), namely, Adani Hydro Energy Five (AHE5L) on November 26, 2024. The main objective of AHE5L is to generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy.
Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.