Adani Green Energy share price extends rally to 2nd day, jumps another 7%. Here’s why
Live MintShares of Adani Green Energy are buzzing in trade on Wednesday, January 15, as the stock spiked another 7.35% to ₹1,080 apiece, driven by multiple positive developments. On Tuesday, the company informed investors through an exchange filing that its step-down subsidiary, Adani Renewable Energy Forty Eight, has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat. Adani Green Q3 Business Update In another regulatory filing today, Adani Green Energy released its operational capacity data for the 9M FY25 period, reporting a 37% YoY increase to 11,609 MW. Over the past four years, Adani Green Energy has achieved steady growth in generation at a compound annual growth rate of 49%, with an increasing proportion of merchant power. Adani Green Energy, incorporated in 2015, is a holding company of several subsidiaries carrying on the business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities.