Adani Green Energy soars as its associate company gets COD certificate from SECI for manufacturing plant at Mundra

Adani Green Energy is currently trading at Rs. 972.55, up by 39.55 points or 4.24% from its previous closing of Rs. 933.00 on the BSE.

The scrip opened at Rs. 939.50 and has touched a high and low of Rs. 980.65 and Rs. 939.50 respectively. So far 26128 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2574.05 on 23-Aug-2022 and a 52 week low of Rs. 439.35 on 28-Feb-2023.

Last one week high and low of the scrip stood at Rs. 980.65 and Rs. 930.50 respectively. The current market cap of the company is Rs. 147790.23 crore.

The promoters holding in the company stood at 56.27%, while Institutions and Non-Institutions held 19.73% and 24.00% respectively.

Adani Green Energy’s associate company — Mundra Solar Energy (MSEL) has received the commercial operational date (COD) certificate from Solar Energy Corporation of India (SECI) for Solar PV Cells and Solar PV Modules manufacturing plant located at Mundra in the state of Gujarat. The plant has a capacity of 2.0 GW per annum.

Adani Green Energy holds 26% shares of MSEL through its Wholly-owned Subsidiary Adani Renewable Energy Holding Four (AREH4L). This manufacturing facility has been set-up as a part of manufacturing linked tender awarded to AREH4L, which is setting up 8 GW of solar power generation projects. Certificate was received from SECI around 12.40 PM on August 17, 2023.

Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.

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