AGE already held 49 per cent stake in KSPPL. KSPPL was incorporated in August 2015 and has set up 20 MWac solar power project at Bagewadi, Karnataka
Earlier this month the SECI had reportedly cancelled the tenders for 2,400 MW capacities out of 3,000 MW went under the hammer in July 2018
The shareholders also approved a proposal to increase the Authorised Share Capital to Rs 25 billion divided into 2.5 billion equity shares of Rs 10 each
Adani Green Energy was trading at its highest level since listing at Rs 51.20, rallying 104% in 17 trading sessions from Rs 25.05 on July 2, 2018 on the BSE.
Adani Green Energy, the renewable power arm for Adani Enterprises, has locked in upper circuit of 5% at Rs 29.40 on the BSE.
Levies fine on state agency for non-complying its order
Plant is set up at Kamuthi, Ramanathapuram, with an investment of around Rs 4,550 crore