The stock of a clean energy firm has stolen the thunder on Dalal Street amid the recent Covid-triggered bloodbath. And Adani Green Energy (AGEL), a renewable energy entity of the Adani Group, made news by bagging the world's largest solar bid, which entails building a photovoltaic (PV) power plant of 8,000 MW and setting up a domestic solar panel manufacturing capacity of 2,000 MW, envisaging a total investment of roughly $6 billion.
The Ahmedabad-headquartered company was demerged from Adani Enterprises and listed separately in June 2018. Since its listing, the scrip has surged around 1,015 per cent from Rs 29.40 to hit an all-time high of Rs 328.35, indicating a gain of around 750 per cent. The stock has been hitting upper circuit limits since past two sessions on new deal win.
The Ahmedabad-headquartered Adani Group, which was founded by Gautam Adani in 1988 as a commodity trading business, has diverse interest across sectors including energy, resources, logistics, agribusiness, real estate, financial services, airport ..
The other group stocks too have been doing well on Dalal Street. Six of the stocks have spurted up to 93 per cent in the latest rally from the March market lows, sending the group's market-cap soaring 44 per cent to Rs 1.78 lakh crore from Rs 1.23 lakh crore.
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