Adani Green Energy will supply 5 GW (or 5,000 MW) of solar power to Maharashtra, while Adani Power will provide 1,496 MW (net) thermal power to the state.
Adani Group chairman balances core sector investment and deleveraging following the Hindenburg meltdown.
Jefferies has initiated coverage on AGEL with a ‘Buy’ call and a target price of ₹2,130, an upside potential of 17% from the current market price
For 2023-24, India's largest renewable energy developer reported 29% rise in profit to ₹1,260 crore.
AGEL delivered 1,000 MW in under 12 months from commencing work at Khavda, involving the installation of approximately 2.4 million solar modules.
Jefferies says Adani Enterprises presents an “attractive play on Capex cycle theme”, and has built industry-leading businesses
All 10 Adani group stocks were trading in green on Monday, propelling the combined m-cap of the conglomerate to ₹15.5 lakh mark.
Adani group to invest in areas of data and pump storage, cement plant, and defence & aerospace
Adani outlined plans to create the largest integrated renewable energy ecosystems which includes solar panels, wind turbines, hydrogen electrolysers, green ammonia and PVC.
AGEL says it has delivered $1.4 bn equity raising and $1.6 bn of debt for ringfenced project SPVs from international banks
