ADF Foods jumps on signing PPA for 2 MW hybrid renewable power at Nadiad manufacturing facility
ADF Foods is currently trading at Rs. 230.20, up by 2.20 points or 0.96% from its previous closing of Rs. 228.00 on the BSE.
The scrip opened at Rs. 228.10 and has touched a high and low of Rs. 231.85 and Rs. 224.65 respectively. So far 1704 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 301.00 on 11-Jun-2025 and a 52 week low of Rs. 168.80 on 02-Feb-2026.
Last one week high and low of the scrip stood at Rs. 237.35 and Rs. 216.00 respectively. The current market cap of the company is Rs. 2529.06 crore.
The promoters holding in the company stood at 36.13%, while Institutions and Non-Institutions held 19.03% and 44.84% respectively.
ADF Foods (ADF) has entered into a 25-year Power Purchase Agreement (PPA) with Fourth Partner Energy to procure 2 MW hybrid renewable power (wind and solar) for its manufacturing facility at Nadiad, Gujarat.
Under this agreement, ADF will source a significant portion of its overall power requirements from renewable energy once the project becomes operational. The hybrid model, combining wind and solar generation will ensure a reliable and sustainable supply of renewable energy to the company’s manufacturing operations.
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