Adani Green Energy entered the list of the top-10 companies most valuable in terms of market capitalization (M-CAP) in the country on Monday after the stock price was enlarged 16.3 percent to reach a new high of Rs 2,701.6 in BSE. M-Cap Adani Green Energy is now at Rs 4.22 trillion, surpassing Bharti Airtel, which has a M-Cap of 4.16 trillion Rs. With today’s rally, this stock has reduced around 25 percent in the last two trading days after the UAE International Parent Company (IHC) agreed to invest RS 3,850 crore in adani green energy through preferential problems.
On Friday, the Company’s Council approved the allotment of up to 20.02 million equity shares at Rs 1,923.25 per share, collecting up to RS 3,850 crores, to IHC Capital Holding which was included under the law of Abu Dhabi, UAE, or a subsidiary, or affiliated , or additional vehicle Destination IHC Capital Holding for cash considerations by means of special problems based on personal placement.
Adani Green Energy has one of the largest renewable energy portfolios in the world, with a locked growth of 20.4 gigawatts (GW) in all operational assets, less than construction, given and obtained, serving investment level partners. The company develops, builds, has, operates, and maintains solar agricultural projects and livestock scale utility scales. The company’s main customer is the Solar Energy Corporation of India (SCI), National Thermal Power Corporation (NTPC) and various countries discoms.
Adani Green has set a target to achieve a renewable energy capacity of 45 gw in 2030, 10 percent of the 450 gw renewable energy target of the government government.Last month, Adani Green has extended the construction financing framework to $ 1.64 billion by increasing the $ 288 million facility for a renewable asset portfolio that is less construction through the definitive agreement
signed with leading international lenders groups.This facility will initially finance the hybrid 450 megawatt portfolio of the sun and wind renewable project established in Rajasthan, India. In March 2021, the company has closed one of the largest project financing agreements in Asia for $ 1.35 billion in construction revolver facilities.