Adani Green plunges 8% despite posting strong Q1 business update

Shares of Adani Green NSE -1.28 % plunged 8 per cent in Thursday’s trade even as the firm posted a strong business update for the quarter ended June 2022.

The company in a BSE filing said its total operational capacity rose by 65 per cent year-on-year (YoY) to 5,800 MW. It also commissioned India’s first solar-wind hybrid project in Jaisalmer, Rajasthan of 390 MW, the company said.