24 Apr 2025

Adani Green Energy Shares Edge Up; Subsidiary Signs PPA with UPPCL for 1,250 MW Hydro Storage

Adani Green Energy is trading at RS. 957.80, up by 5.10 points or 0.54% from its previous close of RS. 952.70 on the BSE.

The stock opened at RS. 960.00 and recorded a high of RS. 962.70 and a low of RS. 953.00. A total of 90,325 shares have been traded so far.

Classified under BSE group 'A' and having a face value of RS. 10, the stock hit a 52-week high of RS. 2173.65 on June 3, 2024, and a 52-week low of RS. 758.00 on March 3, 2025. Over the past week, it has ranged between RS. 966.75 and RS. 925.90. The company's current market capitalization is RS. 151623.59 crore.

The shareholding pattern shows that promoters hold 60.94%, institutions 14.85%, and non-institutions 24.22%.

In a major development, Adani Green Energy’s wholly-owned step-down subsidiary, Adani Hydro Energy Five, has signed a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for supplying 1,250 MW of energy storage capacity through pumped hydro storage projects. The agreement was executed on April 23, 2025.

Adani Green Energy is engaged in building, owning, and operating renewable energy power plants, primarily based on solar and wind energy.