Latest News | Adani Green Energy Shares Touch 52-week High After Arm Bags 300MW Wind Power Project
Get latest articles and stories on Latest News at LatestLY. Shares of Adani Green Energy Ltd were locked in upper circuit limit on Monday after the firm announced that its arm has received a letter of award for 300 MW wind power project under a tender of Solar Energy Corporation of India (SECI).
New Delhi, Mar 22 (PTI) Shares of Adani Green Energy Ltd were locked in upper circuit limit on Monday after the firm announced that its arm has received a letter of award for 300 MW wind power project under a tender of Solar Energy Corporation of India (SECI).
On BSE, the scrip rose 5 per cent to its upper circuit limit and also the 52-week high of Rs 1,251.05.
Likewise, on NSE, the shares hit upper circuit limit and 52-week high of Rs 1,252.2, rising 5 per cent.
"AREHFL, a subsidiary of the 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 company said in a statement on Monday.
The fixed tariff for this project capacity is Rs 2.77/kWh for a period of 25 years, it added.
With this, AGEL's total renewable capacity now stands at 15,165 MW, of which 3,395 MW renewable plants are operational and 11,770 MW projects are under implementation.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)