Updates to the share prices of Adani Group Stocks, Adani Enterprises, Adani Green Energy, Adani Wilmar, and Adani Ports for August 12, 2024: Except Adani Green Energy and Ambuja Cements, the majority of Adani Group stocks finished Monday’s trading in the negative. Among the Nifty 50 constituents that closed as top losers were Adani Ports & SEZ and Adani Enterprises. There was a 4% decline in Adani Wilmar and Adani Total Gas (ATGL). On Saturday, Hindenburg made accusations against Madhabi Puri Buch, the Chief of the Securities and Exchange Board of India (SEBI), alleging that Buch had previously invested in offshore funds that the Adani Group also utilised. Madhavi Buch, SEBI, and her spouse claimed to be open and honest while denying wrongdoing.
AGEL wants to increase its capacity by 6-7 GW per year and become the world’s biggest producer of renewable energy.
Broking Emkay began covering AGEL and stated that from now until 2030, the company’s renewable capacity would grow at a compound annual growth rate (CAGR) of more than 30%, while increased capacity utilisation will result in a CAGR of roughly 35% for power sales.
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