Adani Green Energy completes acquisition of three SPVs from Inox Green

11 Oct 2022 , 09:16 AM

Adani Green Energy Limited stocks in focus as the completion of acquisition of 3 entities from Inox Green Energy Services Limited, housing 150 MW operational wind power projects.

According to the regulatory filing, the company has completed acquisition of 100% equity share capital of 3 entities namely, Wind One Renergy Limited (“WORL”), Wind Three Renergy Limited (“WTRL”) and Wind Five Renergy Limited (“WFRL”) from Inox Green Energy Services Limited (“IGESL”), each housing 50 MW operational wind power projects.

These entities are engaged in the business of generation of power using renewable sources of energy and the purchase consideration of each SPVs is Rs1,00,000.

Further, AGEL’s portfolio of renewable generation capacity in India, currently stands at 20.43 GWac with 6.72 GWac operational projects and balance 13.71 GWac in development stage.

On Tuesday early morning trade, Adani Green Energy Ltd is currently trading at Rs2,178.80 per share up by Rs23.1 or 1.07% from its previous closing of Rs2,155.70 per share on the BSE.

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