Adani Green Energy’s Share Price Rises 13%, Ending a 4-Session Losing Streak

Adani Green Energy Limited’s stock saw a significant rally, reaching a high of ₹1,012.80, up 13.36% at 11:45 AM on the NSE. The stock opened at ₹898.05, surpassing the previous close of ₹889.75. This upward movement follows a four-session losing streak, during which the stock had declined by nearly 10%.

What is Driving the Stock Price Rally?

Adani Green Energy received support from a recovery in the broader indices, coupled with news reports about the Adani Group’s fundraising plans, which boosted investor sentiment.

Adani Green Schedules Board Meeting for Q3 Results

Adani Green Energy informed the exchanges that the company’s Board of Directors will meet on Thursday, January 23, 2025, to review and approve the unaudited financial results for the quarter and nine months ending December 31, 2024.

Commissioning of New Renewable Projects 

Last month, Adani Green Energy Limited (AGEL) announced that it has successfully commissioned two major renewable energy projects in Gujarat, further boosting its operational capacity.

The first project, a 62.4 MW wind power component, was completed by Adani Renewable Energy Forty Eight Limited, a step-down subsidiary of AGEL, as part of its wind-solar hybrid project at Khavda, Gujarat.

In addition, Adani Green Energy Twenty Four A Limited, another step-down subsidiary, has successfully commissioned a 112.5 MW solar power project in the same region.

With the addition of these plants, AGEL’s total renewable generation capacity has now increased to 11,608.9 MW. The plants were operationalised at 7:37 PM on December 28, 2024, and began power generation on December 29, 2024.

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