Adani Power sparkles on achieving exceptional score in corporate sustainability assessment
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Adani Power is currently trading at Rs. 567.55, up by 7.35 points or 1.31% from its previous closing of Rs. 560.20 on the BSE.
The scrip opened at Rs. 563.40 and has touched a high and low of Rs. 587.70 and Rs. 542.45 respectively. So far 2390476 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 417.10 on 30-Nov-2023.
Last one week high and low of the scrip stood at Rs. 587.70 and Rs. 432.10 respectively. The current market cap of the company is Rs. 216123.57 crore.
The promoters holding in the company stood at 74.96%, while Institutions and Non-Institutions held 14.19% and 10.85% respectively.
Adani Power (APL) has achieved an exceptional score of 67 (out of 100) in the Corporate Sustainability Assessment (CSA) by global rating agency S&P Global for FY 2023-24. This compares to the sectoral average of 42 and APL’s own FY23 score of 48.
With this score, Adani Power is in the top 80 percentile of all global electric utilities. In several elements of CSA score like Human Rights, Transparency & Reporting, Water, and Waste & Pollution, it is in the top 100 percentile. In three more - Energy, Occupational Health & Safety, and Community Relationship - it is in 90 percentile or above category.
The S&P Global CSA Score is the S&P Global ESG Score - a measure of a company’s performance and management of material ESG risks, opportunities, and impacts informed by a combination of its disclosures, media and stakeholder analysis - without any modelling approaches. APL’s S&P Global ESG Score is also 67.
This remarkable achievement underscores APL’s steadfast commitment to sustainable practices and dedication to embedding Environmental, Social, and Governance (ESG) principles into its operations.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
