Summary
Adani Share news: Shares of the group company have fallen 3 percent in a week. Whereas, the stock has given a return of 3 percent in three months.
This company is ADANI GREEN SOLUTIONS. News has come that the company’s Kharghar Vikhroli transmission line has started in Mumbai. The shares of the group company have fallen 3 percent in a week. Whereas, the stock has given a return of 3 percent in three months.
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Apart from this, the company plans to increase the capacity to 45 gigawatts by the year 2030. The company also said that it will build solar and wind projects to produce up to 3 gigawatts of electricity every year. French company Total Energies has a 19.7 percent stake in Adani Green Energy.
America’s GQG Partners has taken 6.8 percent stake in the company and Qatar Investment Authority has taken 2.8 percent stake. The company has said that it has made plans for funding new projects.
Adani Green has informed that all the renewable projects it is working on are 10 percent of India’s target for the year 2030. Apart from Adani Green, Tata Power, Renew Power, and NTPC have also made big announcements regarding their renewable schemes in India.
Rajasthan is the center of solar energy in India and Adani Green Energy is the largest company investing in the energy sector of the state. The company is assessing many places in the country for wind projects. Currently the company has wind energy projects in Gujarat and Madhya Pradesh and their total operational capacity is 1201 MW.