December 9, 2022

Shares of Adani Inexperienced Power (AGEL) hit a report excessive immediately, helped by the sturdy Q3 enterprise replace of the Adani Group agency. The inventory has surged 16% in final two days put up the Q3 enterprise replace. It zoomed 6.26% to an all-time excessive of Rs 1,666 on BSE immediately.

Adani Inexperienced inventory stands larger than 5 day, 20 day, 50 day, 100 day and 200 day shifting averages. The inventory has gained 77.59% in a single 12 months and risen 23.75% for the reason that starting of this 12 months.

Complete 1.49 lakh shares of the agency modified arms amounting to a turnover of Rs 24.25 crore on BSE. Market cap of the agency surged to Rs 2.56 lakh crore on BSE.  

 The inventory hit a 52 week low of Rs 860.20 on August 11, 2021.

Adani Inexperienced Power mentioned sale of vitality elevated by 97 per cent 12 months on 12 months (YoY) at 2,504 million models backed by sturdy efficiency in each Photo voltaic and Wind portfolios.

In Q3FY21, sale of vitality stood 1,273 million models. Complete operational capability surged 84 per cent YoY to five,410 MW. Photo voltaic portfolio capability utilization issue (CUF) at 21.9 per cent with 110 bps enchancment YoY backed by round 100 per cent plant availability, whereas wind portfolio CUF at 18.6 per cent with 10 bps enchancment YoY backed by round 97 per cent plant availability, Adani Inexperienced Power mentioned.

The corporate additional mentioned it signed the World’s Largest Inexperienced energy buy settlement (PPA) with SECI to produce 4,667 MW. This takes the whole signed PPAs to close 6,000 MW out of 8,000 MW awarded to AGEL beneath SECI’s manufacturing linked photo voltaic tender.

Adani Inexperienced Power Restricted (AGEL) is an India-based renewable vitality firm. The corporate develops, builds, owns, operates, and maintains utility-scale grid linked solar energy, wind energy, hybrid initiatives and photo voltaic parks.

It has solar energy crops throughout varied states, together with Tami Nadu, Karnataka, Punjab and Chhattisgarh. Its wind energy crops are positioned throughout Madhya Pradesh and Gujarat. The corporate’s subsidiary consists of SB Power Holdings Ltd (SB Power India).

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