Adani Green shares jump 2% on strong Q1; Jefferies sees 17% upside
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
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
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
AGEL says it has delivered $1.4 bn equity raising and $1.6 bn of debt for ringfenced project SPVs from international banks
This agreement signifies the completion of AGEL's power procurement arrangements for the entire 8,000 MW manufacturing-linked solar tender awarded by SECI in June 2020.
Earlier this month, Adani Green Energy secured a $1.36 billion loan from an international bank consortium to boost its construction financing framework.
Adani Saur Urja and Adani Renewable Energy Holding Nine, subsidiaries of Adani Green Energy, have incorporated wholly-owned subsidiaries.
Adani Green last week announced a follow-on funding of $1.36 bn to boost the construction financing framework to $3 billion
The top and bottom line were driven by capacity addition of 1,592 MW over the last one year and improved capacity utilisation factor.
Gautam Adani-led conglomerate releases a compendium of its environmental, social, and corporate governance performance for FY23