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Adani Green Energy Limited ( (IN:ADANIGREEN) ) has issued an update.
Adani Green Energy Limited announced that its subsidiary, Adani Saur Urja (KA) Limited, has received a Letter of Award from Assam Power Distribution Company Limited for a 500 MW energy storage capacity from a Pumped Hydro Storage plant. This award, secured through competitive bidding, signifies a significant step in expanding Adani Green’s renewable energy portfolio, with a fixed tariff set for 40 years, potentially enhancing its market position and long-term revenue stability.
More about Adani Green Energy Limited
Adani Green Energy Limited operates in the renewable energy sector, focusing on the development, construction, and operation of solar and wind energy projects. The company is part of the larger Adani Group and is committed to providing sustainable energy solutions.
Average Trading Volume: 414,388
Technical Sentiment Signal: Hold
Current Market Cap: 1738.9B INR
Find detailed analytics on ADANIGREEN stock on TipRanks’ Stock Analysis page.