Adani Green Energy said it is undertaking the largest greenfield expansion in India’s RE sector and represents about 11 per cent of India’s installed utility-scale solar and wind capacity, contributing over 15% of India’s utility-scale solar installations.
Adani Green Energy shares slipped 13.36% to Rs 1645 in early deals today against the previous close of Rs 1898.75 on BSE. Market cap of Adani Green Energy fell to Rs 24.88 crore.
The recent surge in the stock can be attributed to two key factors: the upward revision by Moody s and the operationalization of a 51 MW solar capacity in Gujarat.