Adani Green hits new high on winning world's largest solar bid worth $6 bn

The company has won the single largest solar development bid ever awarded, totaling 8 GW to be delivered over a period of 60 months.

Shares of Adani Green Energy (AGEL) hit a new high of Rs 312.75, up 5 per cent on the BSE on Tuesday after the company said it has bagged the world's largest solar bid worth $6 billion.

“The company has won the first of its kind manufacturing linked solar agreement from the Solar Energy Corporation of India (SECI). As a part of the award, AGEL will develop 8 GW of solar projects along with a commitment that will see Adani Solar establish 2 GW of additional solar cell and module manufacturing capacity,” Adani Green Energy said in an exchange filing.