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Adani Green Energy and Adani Power will supply 6,600 MW of hybrid power to Maharashtra's DISCOM. AGEL’s 5 GW solar award is the largest globally since 2020, while APL's thermal power deal marks India's largest private sector capacity award in recent years.
Adani Green Energy Limited (AGEL) and Adani Power Limited (APL), both part of the Adani Group, announced a 6,600 MW power supply agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL). This agreement, consisting of 5 GW of solar power and 1,496 MW of thermal power, makes it one of the largest hybrid power deals in recent history.
The Adani power share price and Adani green share price has seen significant jump on September 16, 2024.
AGEL will supply 5 GW of solar energy from the world’s largest renewable energy park in Gujarat. Meanwhile, APL, India's largest private thermal power producer, will supply thermal power from its new 1,600 MW ultra-supercritical project.
The unified tariff for this contract is significantly lower than last year's average procurement cost, ensuring a competitive edge. This development bolsters AGEL and APL's leadership in India's power sector, offering a strategic mix of renewable and thermal power to meet Maharashtra's growing energy needs.
As of 11:30 AM, Adani Green share price is up 6.42% and is currently trending at Rs. 1,903.00. Adani Power share price is up by 6.31%, currently trending at Rs. 673.45.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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