Adani Green Energy Hits Fresh High; M-Cap Hits Rs. 2.05 Trillion

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Adani Green Energy, Adani Group, Adani Green Energy Share
Adani Green Energy Hits Fresh High; M-Cap Hits Rs. 2.05 Trillion (File Photo)

Shares of Adani Green Energy in Tuesday’s exchange (March 23, 2021) have hit a new 52-week high of Rs. 1314.8 per share on the NSE. The stock is secured 5% upper circuit for the second sequential day with just purchasers in the counter. On Monday, the market capitalization of Adani Green Energy hit Rs. 2 trillion after the stock hit a record-breaking high.

The power generation and distribution organization said its auxiliary unit has packed away a letter of grant for a 300 MW wind power project from Solar Energy Corp of India. Also, the duty for the task is fixed at Rs. 2.77 per kWh for a very long time period. Thus, the organization’s all out sustainable limit comes to be at 15165 MW, of which 3395 MW is being bridled and the leftover 11770 MW is under execution.

Adani Green Energy, Adani Group, Adani Green Energy Share
Toronto-based SkyPower was awarded 350 MW of solar power projects in Telangana and Madhya Pradesh this year. (File Photo)

Besides, on Saturday, the organization said it has gone into a conclusive concurrence with Toronto-settled SkyPower Global for totally assuming control over a SPV that has 50 MW working sun powered resources in Telangana.

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From an initial cost of Rs. 135.25 per share on March 23, 2020, the load of Adani Green Energy has scaled to levels of Rs. 1314.8 in a year’s time , an incredible increase of 870% in stock cost. What’s more, with it the stock is currently the most esteemed in the Adani Group bucket.

Related: Adani Group, Adani Green Energy Share, Adani Green Energy share price target, Adani Green Energy IPO, Indian Global News