Adani Green soars 9% in two days after arm wins 150 MW solar power project

Shares of Adani Green Energy (AGEL) gained 6 per cent to Rs 1,995.95 on the BSE in Thursday’s intra-day trade, soaring 9 per cent in the past two trading days, after the company announced that its arm has received Letter of Award (LOA) to set-up 150 MW solar power project.

The stock of the Adani Group’s electric utilities company had hit a record high of Rs 2,128.90 on February 18, 2022. At 11:56 AM, it was 4 per cent higher on the BSE at Rs 1,960, as compared to 0.25 per cent rise in the S&P BSE Sensex.

“Adani Renewable Energy Holding Fifteen Limited, a wholly-owned subsidiary of AGEL, participated in a tender issued by Punjab State Power Corporation for procurement of 250 MW solar power