Adani Green will not proceed with dollar-denominated bond offerings
Adani Green Energy says its subsidiaries have decided not to proceed with the proposed dollar-denominated bond offerings.
Adani Green Energy says its subsidiaries have decided not to proceed with the proposed dollar-denominated bond offerings.
The renewable energy stock hit a low of ₹1,145.85 on the BSE, down 19% compared with its previous closing price of ₹1,411.75.
U.S. federal prosecutors allege Gautam Adani and seven others agreed to pay over $250 million in bribes to Indian government officials, to lie to investors and banks to raise billions of dollars.
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.