Adani Green stock price surges over 6% in early trade. What’s driving the rally?
Shares of Adani Green Energy surged more than 6% in early trade on Wednesday, touching an intraday high of Rs 1,080 on the Bombay Stock Exchange (BSE).
At 10:20 a.m., the stock was trading 3.28% higher at Rs 1,040.60, continuing its positive momentum after jumping as much as 19% in the previous session, making it the top gainer among Adani Group companies.
Today’s rally follows the company’s announcement that its subsidiary, Adani Renewable Energy Forty Eight Limited, has commissioned a 57.2 MW wind power component of its hybrid project at Khavda, Gujarat.
According to a regulatory filing, this development brings Adani Green Energy’s total operational renewable capacity to 11,666.1 MW. Power generation from the new plant is expected to…
