Wedoany.com Report-Mar 12, Adani Green Energy shares gained 1.6 per cent on BSE, logging an intraday high at Rs 838.55 per share. The northward movement in the stock came after the company arm Adani Solar Energy commissioned a solar power project of 250 MW at Kadapa, Andhra Pradesh.
Around 10:01 AM, Adani Green share price was up 1.04 per cent at Rs 833.6 per share on BSE. In comparison, the BSE Sensex was up 0.07 per cent at 74,153.37. The market capitalisation of the company stood at Rs 1,32,044.95 crore. The 52-week high of the stock was at Rs 2,173.65 per share and the 52-week low was at Rs 758 per share.
"Adani Solar Energy Ap Eight Private Limited, a wholly-owned step-down subsidiary of the company has commissioned a solar power project of 250 MW at Kadapa, Andhra Pradesh," the filing read.
With the commissioning of this plant, Adani Green Energy's total operational renewable generation capacity has increased to 12,591.1 MW.
Recently, Adani Green Energy refinanced its construction facility, having outstanding debt of $1.06 billion with long-term financing. This is the first major fund raise by Adani Group since the US Department of Justice (DOJ) indicted its top executives, including Chairman Gautam Adani. Adani Green did not specify if it raised the amount via loan or dollar bonds for the project.
