Adani Green Energy receives LOA for 300 MW Wind Power Project

AREHFL, a subsidiary of AGEL, had participated in the tender issued by SECI for setting up 1,200 MW ISTS-connected Wind Power Project (Tranche-X) and received the Letter of Award (LOA) to set-up 300 MW Wind Power Project under this tender. The fixed tariff for this project capacity is Rs. 2.77/kWh for a period of 25 years.

With this, AGEL's total renewable capacity now stands at 15165 MW, of which 3395 MW renewable plants are operational and 11770 MW projects are under implementation.

Speaking on this development Mr. Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd said, "Wind energy forms an essential part of our business approach and is expected to continue a vital contribution to our growth plans. This award of 300 MW Wind Power Project is in line with our commitment to ramp up creation of a sustainable ecosystem for transitioning towards a greener future."

Shares of Adani Green Energy Ltd was last trading in BSE at Rs.1292.6 as compared to the previous close of Rs. 1312.2. The total number of shares traded during the day was 84421 in over 6268 trades.

The stock hit an intraday high of Rs. 1341.6 and intraday low of 1269. The net turnover during the day was Rs. 110235088.

Source : Equity Bulls

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