Adani Green share price rises over 5% after company announces 30% increase in operational capacity
As a result, the shares rallied as much as 5.33%, hitting an intraday high of ₹941.40 on the Bombay Stock Exchange.
Adani Green Energy shares jumped over five per cent on Tuesday after the company released an operational update for the financial year 2024-25.
The update showed that its operational capacity increased by 30 per cent to 14.2 GW in 2024-25, compared to the previous year.
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On top of this, it also said that it will add another 1 GW, making its total operational capacity, 15.2 GW.
As a result, the shares rallied as much as 5.33 per cent, hitting an intraday high of ₹941.40 on the Bombay Stock Exchange (BSE).
As of 12:45 pm, the shares were still up by 4.49 per cent or by ₹40.10, trading at ₹933.80 apiece.
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Adani Green's capacity expansion to 14,243 MW was mostly driven by greenfield additions of 3,309 MW, which included the commissioning of 2,710 MW of solar power projects.
{{/usCountry}}Adani Green's capacity expansion to 14,243 MW was mostly driven by greenfield additions of 3,309 MW, which included the commissioning of 2,710 MW of solar power projects.
{{/usCountry}}These projects are in places like Khavda, Gujarat (1,460 MW), Rajasthan (1,000 MW), and Andhra Pradesh (250 MW).
{{/usCountry}}These projects are in places like Khavda, Gujarat (1,460 MW), Rajasthan (1,000 MW), and Andhra Pradesh (250 MW).
{{/usCountry}}All of this led to a 28 per cent increase in energy sales, which was at 27,969 million units in 2024-25, according to the update.
{{/usCountry}}All of this led to a 28 per cent increase in energy sales, which was at 27,969 million units in 2024-25, according to the update.
{{/usCountry}}Also Read: Alibaba-backed Chinese AI startup Zhipu targets IPO this year
{{/usCountry}}Also Read: Alibaba-backed Chinese AI startup Zhipu targets IPO this year
{{/usCountry}}The company's wind portfolio recorded a Capacity Utilization Factor (CUF) of 27.2 per cent, supported by 95.9 per cent plant availability, while the hybrid portfolio delivered a CUF of 39.5 per cent, with a plant availability of 99.6 per cent, and the solar portfolio had a CUF of 24.8 per cent, backed by 99.5 per cent plant availability.
How did Adani Green stock perform previously?
{{/usCountry}}The company's wind portfolio recorded a Capacity Utilization Factor (CUF) of 27.2 per cent, supported by 95.9 per cent plant availability, while the hybrid portfolio delivered a CUF of 39.5 per cent, with a plant availability of 99.6 per cent, and the solar portfolio had a CUF of 24.8 per cent, backed by 99.5 per cent plant availability.
How did Adani Green stock perform previously?
{{/usCountry}}Adani Green's share price gained 7 per cent in a month, though the stock is down by 11 per cent on a year-to-date basis. It ended up plunging by 48 per cent over the last year.
However, its have delivered multibagger returns of 400 per cent in five years, according to a Mint report.
