Adani Energy Solutions Ltd (AESL) is trading at RS 989.10, up by 3.75 points or 0.38% from its previous close of RS 985.35 on the BSE.

The stock opened at RS 986.80 and recorded a day’s high of RS 994.70 and a low of RS 983.50. So far, 15,152 shares have been traded on the counter.

The BSE group 'A' stock, with a face value of RS 10, has registered a 52-week high of RS 1,090.65 on 06-Nov-2024 and a 52-week low of RS 588.25 on 27-Nov-2024. In the past week, the scrip’s high and low stood at RS 1,010.45 and RS 950.20 respectively. The company’s current market capitalization stands at RS 1,19,341.42 crore.

Promoters hold 71.19% stake in the company, while institutional investors and non-institutional investors hold 23.01% and 5.79% respectively.

In a key development, Adani Energy Solutions and RSWM have entered into an agreement for the supply of 60 MW of renewable energy. Under this deal, AESL will oversee the entire green power value chain to meet RSWM’s additional power requirements. RSWM has invested RS 60 crore under the Group Captive Scheme with a renewable energy generator to supply 31.53 crore units of green power annually to its manufacturing units across Rajasthan.

This move is expected to boost RSWM’s renewable energy contribution from the current 33% to 70%, making renewable energy two-thirds of its total energy mix.

Adani Energy Solutions (formerly Adani Transmission) serves as the transmission business arm of the Adani Group, one of India’s largest business conglomerates.