Adani Energy Rises on Securing ₹2,800 Crore Green Hydrogen Transmission Project
Key Ideas
- Shares of Adani Energy Solutions Limited rose by 3.9% on the NSE following the announcement of securing a ₹2,800 crore green hydrogen transmission project.
- The project in Mundra, Gujarat, involves upgrading the electrical substation and constructing a 75 km long 765kV double-circuit line, to be completed in 36 months.
- This initiative will add 3,000 MVA of transmission infrastructure, enhancing Adani Energy's capacity to support the manufacturing of green ammonia and green hydrogen.
Adani Energy Solutions Limited witnessed a 3.9% rise in its stock price on the National Stock Exchange (NSE) after securing a significant green hydrogen transmission project worth ₹2,800 crore. The project, set in Mundra, Gujarat, aims to bolster the green energy sector by supplying green electrons for the production of green ammonia and green hydrogen. It entails the upgrade of the Navinal electrical substation with two large 765/400kV transformers and the construction of a 75 km long 765kV double-circuit line connecting it to the Bhuj substation. This infrastructure enhancement is expected to increase Adani Energy's transmission capacity by 3,000 MVA, with an additional 150 circuit kilometers of transmission lines. The company's order book now stands at a substantial ₹57,561 crore, reflecting its strong position in the renewable energy and power sectors.