Adani green shares prices increase by 4.53% as nifty gain

Adani green shares prices the Adani Group is an Indian multinational conglomerate company.

It was founded by Gautam Adani in 1988 With energy, resources, and infrastructure businesses.

The group has operations in India, Australia, Southeast Asia, the Middle East, and Africa.

The group’s main business areas are coal mining and trading;

Oil and gas exploration; port management; power generation; transmission lines;

Adani Green shares up 4.53% as Nifty gains

The shares of Adani Green Energy have gone up by 4.53% in the past month,

while Nifty has gone up by 6.76%.

It has been speculated that the company might get a contract for supplying power to Goa.

Which is scheduled to be announced this week.

Adani Green Energy’s shares had dropped in November.

Due to its failure in getting electricity supply contracts.

But the latest news suggests that they are on their way back up.

Nifty is trading at 7842 points and it is expected that with this increase their prices will also go up by 5%.

About Adani green energy

Adani Green Energy is a subsidiary of Adani Group, founded in 2009.

It is one of the largest renewable energy producers in India and has a presence in over 20 countries.

Adani Green Energy aims to produce 100 GW of power by 2020.

And has plans to invest $10 billion in solar power generation projects across India.

Adani Green Energy is a solar and wind power company.

They have been in the renewable energy business for over two decades now.

In the past few years, they have been focusing on solar power plants.

And have created a portfolio of projects in India and abroad.

Overview of Adani green share prices

Adani Group is one of the leading business conglomerates in India.

It has many subsidiaries under its belt.

One of the most important ones is Adani Green Energy Limited (AGEL).

AGEL is an independent renewable energy arm of the Adani Group,

which was established in 2011. AGEL has four power projects under its belt.

With a total installed capacity of 1,400 MW.

The company generates power from wind and solar sources and sells.

It is to state electricity boards (SEBs) across India.

The company’s shares are listed on the National Stock Exchange (NSE).

The capital market regulator Securities and Exchange Board of India (SEBI)

regulates the trading activities on NSE.

The SEBI also provides information about AGEL’s green share prices on NSE.

Conclusion

After the Australian government announced that they would not be funding the project.

And the share price of Adani went up by 1.3%.

This shows that there is still optimism for this project and that investors are confident in its success.

 

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