Adani Energy Secures Rs 2,800 Crore Transmission Project for Green Hydrogen Manufacturing in Gujarat
Key Ideas
  • Adani Energy won a significant Rs 2,800 crore energy transmission project in Gujarat focusing on green hydrogen and ammonia manufacturing.
  • The project includes upgrading the Navinal electrical substation, constructing a 75 km long transmission line, and adding significant capacity for transformation.
  • This deal marks Adani Energy's 6th order win in the fiscal year 2024-2025, boosting the company's order book to Rs 57,561 crore.
  • Adani Energy's shares have shown positive market performance, with an increase of 5.46% in the past week, reaching a value of Rs 830.00 per share.
Adani Energy, a prominent entity within the Adani Group, has secured a substantial energy transmission project worth Rs 2,800 crore in Gujarat. The project is set to focus on the manufacturing of green hydrogen and ammonia, emphasizing sustainable energy solutions. This initiative involves upgrading the Navinal electrical substation through the addition of two large 765/400kV transformers. Additionally, a 75 km long 765kV double-circuit line will be constructed to connect this substation to the Bhuj substation. The project aims to enhance transmission capacity by adding 150 cKM of transmission lines and 3,000 MVA of transformation capacity. This achievement marks the 6th order win for Adani Energy in the fiscal year 2024-2025, significantly boosting the company's order book to Rs 57,561 crore. In terms of market performance, Adani Energy shares have displayed positive momentum, with a notable 5.46% increase in value over the past week. The company's shares closed on a positive note, with gains of 1.83% on a single trading day. The overall value of Adani Energy's shares now stands at Rs 830.00 per piece, reflecting the market's positive response to the recent developments. Despite the fluctuations, the company's 52-week high and low are recorded at Rs 1,348.00 and Rs 588.00 per share, respectively, showcasing the dynamic nature of the stock market.
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