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New Power Purchase Deal With Renewable Energy Share For Solar Power Projects

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Adani Green Energy Ltd (NSE: ADANIGREEN) Share Price: Share of the Adani Group company Adani Green Energy experienced a dramatic increase of as high as 10.26 percent on the 14th of March. 

A few days ago, Adani Green Energy informed the market that its wholly-owned subsidiary Adani Renewable Energy Fifty Nine Limited has signed Power Purchase Agreements (PPA) in conjunction with Solar Energy Corporation of India (SECI). 

These agreements will cover the supply of 534MW energy projects using solar panels. This is the principal cause of the growth in the shareholdings in Adani Green Energy.

Adani Green Energy shares opened with a profit of the price of 1716.05 and closed at Rs 1902 at BSE on March 14.

In just a few minutes the stock jumped 10.74 percent over the last closing price and reached an all-time high of the price of 1912.15. 

On the day of trading, the price was the price of 1893.30 with an increase of 9.6 percent. 

The high price band of the shares is 2071.85; while the price range for the bottom is 1381.25. The limit for the circuit is set at 20 percent.

The signing of the PPA between Adani Renewable Energy Fifty Nine and SECI brings Adani Green Energy Limited’s renewable energy portfolio to 21,778 MWac capacity the company stated in a filing to the stock exchange.

1000 MW Solar Energy Production Began Within Khavra RE Park

Recently, Adani Green Energy Limited announced that it is now producing of 1000 MW of solar energy in the Khavra RE Park in Gujarat. In the announcement, it was stated that due to this, the total capacity of the company has risen to 9478 milliwatts. 

The firm is currently on track to meet its stated target of 45,000 MW by 2030. The world’s largest renewable power plant spans 538 square miles of deserted terrain. 

The project is scheduled to be completed in five years. It will provide more than 15,200 positions in the field of green energy. 

Adani Green Energy is going to create India’s first and world’s largest wind-solar hybrid located in Jaisalmer, Rajasthan.

About Adani Green Energy Ltd Company

Adani Group is a diversified business in India that improves lives, generates value, and helps to empower. 

It has created an impressive infrastructure for transportation and utilities that spans across India. 

It has built an exceptional utility and transport infrastructure portfolio that is an all-India presence. Adani Group is headquartered in Ahmedabad located in Gujarat, India. 

Fundamental Analysis of Adani Green Energy Ltd

Market Cap₹ 2,99,952 Cr.
Current Price₹ 1,902
52-wk High₹ 2,018.95
52-wk Low₹ 681
Stock P/E219.66
Book Value₹ 50.1
Dividend0.00 %
ROCE7.81 %
ROE22.8 %
Face Value₹ 10.0
P/B Value37.8
OPM83.0 %
EPS₹ 9.20
Debt₹ 57,378 Cr.
Debt to Equity7.23

Adani Green Energy Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 1900₹ 2232
2025₹ 2300₹ 2400
2026₹ 2480₹ 2640
2027₹ 2700₹ 2800
2028₹ 2822₹ 2900
2029₹ 3000₹ 3189
2030₹ 3200₹ 3400
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Adani Green Energy Ltd Shareholding Pattern

Promoters Holding
Dec 202260.75%
Mar 202357.26%
June 202356.27%
Sept 202356.26%
Dec 202356.37%
FII Holding
Dec 202215.14%
Mar 202317.13%
June 202318.25%
Sept 202318.16%
Dec 202318.03%
DII Holding
Dec 20221.40%
Mar 20231.45%
June 20231.47%
Sept 20231.49%
Dec 20231.50%
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Public Holding
Dec 202222.70%
Mar 202324.16%
June 202324.00%
Sept 202324.09%
Dec 202324.10%

Adani Green Energy Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,058 Cr
2020₹ 2,549 Cr
2021₹ 3,124 Cr
2022₹ 5,133 Cr
2023₹ 9,291 Cr

Last 5 Years’ Net Profit:

2019₹ -475 Cr
2020₹ -68 Cr
2021₹ 182 Cr
2022₹ 489 Cr
2023₹ 1,457 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

201912.73
202018.45
202127.22
202243.86
20238.99

Last 10 Years’ Profit Growth:

10 Years:
5 Years:61%
3 Years:192%
Current Year:160%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:10%
3 Years:19%
Last Year:23%

Sales Growth Over 10 Years:

10 Years:
5 Years:39%
3 Years:45%
Current Year:40%

Conclusion

This article is a complete guide about Adani Green Energy Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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