Adani Green Energy shares closed up 1.63% on Thursday at a top of ₹1,047 and Adani Energy Solutions closed up 0.70% at ₹801.15. Both stocks, however, stabilized later in the session. This rally in equities follows good operational guidance for the December quarter, driven by progress in their renewable energy and transmission projects.
Adani Energy Solutions Shares Hit Milestones
Adani Energy Solutions has released its Q3FY25 business update, noting a 99.7% system availability in its transmission business. During the quarter, the company increased the network by 225 circuit kilometers (ckm), adding a significant total transmission network at 26,485 ckm.
The Khavda Phase IV Part-D (at project cost of ₹3,455 crore) and the Rajasthan Phase III Part-I (Bhadla-Fatehpur HVDC) the biggest project so far at ₹25,000 crore). The total pipeline (of under-construction work) has been augmented to ₹54,700 crore (from ₹17,000 crore) at the start of FY25.
Adani Green Energy Shares Performance Boosts
Adani Green Energy has provided an operational update for the nine months ended December 31st, which includes a outstanding 37% increase in operational capacity to 11,609 MW. This expansion was caused by additions to greenfield, a total of 3,131 MW occurred during this period.
The company converted 2,693 MW of solar power plants of which 2,113 MW installed in Khavda, Gujarat and the rest 580 MW installed in Rajasthan. In wind energy, Adani Green Energy company increased the portfolio by 438 MW.
Sales of energy for the first three quarters increased by 23% and year-on-year, totaled 20,108 million units, mainly supported by strong capacity expansion. It shows that both Adani Green Energy and Adani Energy Solutions shares are outperforming in the market.
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