Adani Green Lights Up the Market Again

Adani Green Energy shares are stealing the show, spiking 7.35% on Wednesday to ₹1,080 apiece. This marks a jaw-dropping two-day rally of 20%, with Tuesday’s 13.16% surge setting the tone. The buzz? A cocktail of good news that’s got investors hooked. First up, the company announced the commissioning of a 57.2 MW wind component for its hybrid project in Khavda, Gujarat, nudging its total renewable capacity to an impressive 11,666 MW. Today, they doubled down with data showing a 37% jump in operational capacity for the first nine months of FY25. Solar is leading the charge, with over 2,000 MW energized in Khavda alone, alongside solid contributions from wind power. If that wasn’t enough, energy sales shot up 23% year-on-year to 20,108 million units, riding on these robust additions. Over the last four years, Adani Green has been on a stellar growth trajectory, clocking a 49% CAGR in energy generation, while signing long-term deals like the 25-year PPA with MSEDCL for 5 GW of solar power. India’s renewable push is also setting the stage. The country added a record-breaking 24.5 GW of solar capacity and 3.4 GW of wind capacity in 2024, putting the total renewable tally at 209.44 GW. Adani Green’s ambitions align perfectly, as it eyes 50 GW by 2030, firmly tying its future to India’s decarbonization goals. With all this momentum, it’s no wonder Adani Green is the talk of the town. Investors seem to be betting big on the company riding this renewable wave to new highs.

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