Adani Green shares jumped more than 7% this week after the company and Adani Power Limited (APL) received a Letter of Intent (LOI) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 6,600 MW of hybrid solar and thermal power.
Adani Green will offer 5,000 MW of solar power from its renewable energy park in Khavda, Gujarat, while Adani Power will contribute 1,496 MW of thermal power from a new 1,600 MW ultra-supercritical thermal power plant.
This is the world’s largest solar power capacity award since 2020 and it is part of MSEDCL’s tender to procure 1,600 MW of thermal and 5,000 MW of solar power.
Stock Performance on Friday
– Open: ₹1,962.95
– High: ₹2,019.95
– Low: ₹1,947.00
