Wedoany.com Report-Jan 15, Adani Green Energy gained 7.1 per cent in Wednesday's trade on BSE, logging an intraday high at Rs 1,080 per share. The upmove in the stock came after the company arm Adani Renewable Energy Forty Eight commissioned a 57.2 MW wind power component in Gujarat.
Around 10:03 AM, Adani Green share price was up 3.8 per cent at Rs 1,045.8 per share on BSE. In comparison, the BSE Sensex was up 0.34 per cent at 76,758.02. The market capitalisation of the company stood at Rs 1,65,658.12 crore. The 52-week high of the stock was at Rs 2,173.65 per share and the 52-week low was at Rs 870.9 per share.
"Adani Renewable Energy Forty Eight Limited, a step-down subsidiary of Adani Green Energy Limited ("AGEL") has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat," the filing read.
With the commissioning of this plant, Adani Green Energy's total operational renewable generation capacity has increased to 11,666.1 MW.
The filing added: Based on the relevant clearances, it was decided at 2.51 p.m. on January 14, 2025, to operationalise the plant and commence power generation from January 15, 2025.
The average compounded annual growth rate (CAGR) for the 10 biggest wealth creators stood at 37 per cent between 2019 and 2015 versus returns of 14 per cent for the Nifty 50 index during the same period. Meanwhile, the average stock price CAGR jump in the 10 fastest wealth creators stood at 77 per cent.
In other words, Rs 10 lakh invested in 2019 in these top 10 companies would have grown into Rs 1.75 crore in 2024. Linde India and Varun Beverages were the most “consistent” wealth creators as they outperformed the benchmark Nifty 50 index during each of the previous five years even as their returns lagged the Adani duo.
