According to Adani Green, this is the company's first operational portfolio acquisition
Economists caution that the demand for goods and services could taper off in the months ahead
The company is also Adani Group's most valued firm in terms of market valuation
In the past year, AGEL's share price has rallied 1,230 per cent against 4 per cent rise in the S&P BSE Sensex
The Adani Group company's stock has rallied 1,173 per cent in a year
Funds to be raised as revolving construction finance for upcoming 12 Gw renewable projects
Adani Green Energy on Friday posted a consolidated net profit of Rs 21.75 crore for June quarter mainly on the back of higher revenues
The company is scheduled to announce its April-June quarter (Q1FY21) result on Friday, September 11.
Adani Ports and Special Economic Zone, Adani Power, and Adani Transmission were up in the range of 1 per cent to 3 per cent.
Adani's renewable energy portfolio exceeds the total capacity installed by the entire United States solar industry in 2019.
Going ahead, most analysts expect the mid-and small-cap segments to continue doing well as compared to their large-cap peers, which they feel are now fairly valued
All resolutions proposed in the AGM held on June 25, 2020 are approved with requisite majority by the shareholders, the company said in a regulatory filing.
In the overall market-cap ranking of listed companies, Adani Green Energy stood at 38th position
On June 9, 2020, Adani Green Energy said that it had bagged "the world's largest solar tender" from the Union government.
Sensex shed 414 points or 1.2 per cent to settle at 33,956.69 while NSE's Nifty ended at 10,047, down 121 points
Becomes India's largest clean energy firm; to set up 8-Gw power plant
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The company has won the single largest solar development bid ever awarded, totaling 8 GW to be delivered over a period of 60 months.
The company doesn't expect any issue in servicing the debt and other financing arrangements.
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market