Adani Green Energy’s Arm Commissions 130 MW Wind Power Plant at Kutchh

On Friday, the stock opened at Rs 975.30 and has touched a high and low of Rs. 982.15 and Rs. 962.85 respectively.

Adani Green Energy’s subsidiary, Adani Wind Energy Kutchh Five has commissioned 130 MW Wind Power Plant at Kutchh in Gujarat. The plant has a 25-year Power Purchase Agreement (PPA) of 130 MW with Solar Energy Corporation of India (SECI) at Rs 2.83/kWh.

With the successful commissioning of this plant, AGEL’s operational wind generation capacity has increased to 1,101 MW and the total operational renewable generation capacity has increased to 8,216 MW. This places AGEL’s total renewable portfolio well on track to reach its vision of 45 GW capacity by 2030.

The newly commissioned plant will be managed by the Adani Group’s intelligent ‘Energy Network Operation Centre’ (ENOC) platform, which has continuously demonstrated and aided AGEL in achieving superior operational performance of its entire renewable portfolio spread across diverse locations in India.

Incorporated in 2015, Adani Green Energy is a holding company of several subsidiaries carrying business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities. The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects. Key customers of Adani Green Energy include Solar Energy Corporation of India (SECI), National Thermal Power Corporation (NTPC) and various State Discoms.

The BSE group ‘A’ stock of face value Rs 10 has touched a 52 week high and low of Rs 2574.05 and Rs 439.35, respectively.

Last one week high and low of the scrip stood at Rs 1038.95 and Rs 929.45 respectively. The current market cap of the company is Rs. 1,53,603.63 crore.

The promoters holding in the company stood at 57.26%, while Institutions and Non-Institutions held 18.57% and 24.16% respectively.