Adani Green Energy rises on operationalizing 551 MW solar capacity in Gujarat

14 Feb 2024 Evaluate

Adani Green Energy is currently trading at Rs. 1839.70, up by 22.60 points or 1.24% from its previous closing of Rs. 1817.10 on the BSE.

The scrip opened at Rs. 1815.00 and has touched a high and low of Rs. 1882.00 and Rs. 1791.65 respectively. So far 215831 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1991.60 on 07-Feb-2024 and a 52 week low of Rs. 439.35 on 28-Feb-2023.

Last one week high and low of the scrip stood at Rs. 1991.60 and Rs. 1733.00 respectively. The current market cap of the company is Rs. 294487.48 crore.

The promoters holding in the company stood at 56.37%, while Institutions and Non-Institutions held 19.53% and 24.10% respectively.

Adani Green Energy (AGEL) has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid. AGEL achieved this milestone within 12 months of commencing work on the Khavda RE park, starting with the development of basic infrastructure, including roads and connectivity, and creating a self-sustaining social ecosystem. AGEL also transformed the challenging and barren terrain of the Rann of Kutch into a habitable environment for its 8,000-strong workforce.

The company plans to develop 30 GW of renewable energy capacity at this RE park. The planned capacity is expected to be operationalized in the next five years. When completed, the Khavda RE park will be the largest renewable energy installation in the world.

Energy from the Khavda RE park can power 16.1 million homes each year. With proven expertise in developing largescale renewable projects, a robust supply chain network and technological prowess, AGEL is best positioned to build this record-setting giga-scale plant with no parallel in the world’s clean energy sector.

Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.

Adani Green Energy Share Price

1052.40 -94.00 (-8.20%)
22-Nov-2024 16:00 View Price Chart
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