Adani Green Is Now India’s Tenth Most Valuable Company

| Updated: April 12, 2022 4:37 pm

On Monday, Adani Green Energy’s stock price soared 16.3% to a new high of Rs 2,701.6 on the BSE, putting it among the country’s top-10 most valuable businesses by market capitalization. And continuing on that momentum on Tuesday, it jumped 9.3% on BSE to touch a 52 week high of Rs 2951.90. A thousand rupees unvested in Adani Green shares would have turned it into Rs 2568. Multibagger Adani Green has risen by around 50 percent in a month.

Adani Green Energy today has a market capitalization of Rs 4.22 trillion, surpassing Bharti Airtel, which has a market capitalization of Rs 4.16 trillion.After UAE’s International Holding Company (IHC) decided to invest Rs 3,850 crore in Adani Green Energy through a preferential issuance, the stock has risen about 25% in the last two trading days.

With 20.4 gigawatts (GW) of locked-in growth across operational, under-construction, awarded, and acquired assets, Adani Green Energy has one of the world’s largest renewables portfolios, catering to investment-grade counterparties. Adani Green had in March 2021 sealed Asia’s largest financing deal of $1.35 billion construction revolver facility.

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