Adani Green Energy jumped 6.52% to Rs 1,223 after its step-down subsidiary, Adani Green Energy Twenty Five, commissioned a 250 MW solar power project at Badi Sid, Jodhpur District in Rajasthan.
Most Adani Group stocks traded with sharp gains on December 12, with AdaniGreen Energy shares leading the gains on the bourses, leading to a jump in conglomerate's m-cap by Rs 27,000 crore.
The Adani Green projects for which the $1.1 billion loans were taken—from a group of overseas banks—are mostly backed by assured cashflows from PPAs (power purchase agreements) of 25 years, which ...