Multibagger Adani Stock Zooms As 551 MW Solar Power Project Gets Operational In Gujarat

Shares of Adani Green Energy Ltd zoomed 1.61% intra day today on BSE as the company informed via BSE filing that it has operationalised the 551 MW Solar Power Project in Gujarat. Last trading price of Adani Green Energy shares on BSE is Rs 1846.35 apiece. Adani Green Energy shares 11% in last 2-weeks and soared 182% in last 1-year. Check details below:

Operationalization Of 551 MW Solar Power Projects At Khavda, Gujarat: According to the regulatory filing of Adani Green issued on February 14, 2024, "Adani Green Energy Twenty Four A Limited and Adani Green Energy Twenty Four B Limited, Wholly-owned stepdown subsidiaries of Adani Green Energy Limited ("AGEL") have operationalized an aggregate 551 MW solar power projects at Khavda, Gujarat."

With operationalization of these plants, AGEL's total operational renewable generation capacity has increased to 9,029 MW. This places AGEL's total renewable portfolio well on track to reach its vision of 45 GW capacity by 2030. Based on the relevant clearances, it was decided at 11.34 p.m. on February 13, 2024 to operationalize the plants and commence sale of power generated from February 14, 2024, added the BSE filing of the company.

Adani Green Energy Shares Performance & Return: The 52-week high price of Adani Green Energy shares on BSE is Rs 1991.60 apiece and 52-week low price is Rs 439.35 apiece, respectively. The company's market capitalisation is Rs 2,93,046.01 crore. Adani Green Energy shares gained 16% year-to-date, rallied 97% in last 3-months, and offered return of 94% in last 6-months. In last 2-years, Adani Green Energy shares declined 0.96% and surged 5679% in last 5-years.

About: Adani Green Energy Limited (AGEL) is India's largest and world's leading renewable energy solutions partner enabling the clean energy transition. AGEL develops, owns, and operates utility-scale grid-connected solar, wind and hybrid renewable power plants.