Adani Group will invest Rs 2.3 lakh crore in this sector

Adani Group: Indian industrialist Gautam Adani’s group is rapidly expanding its business. The company’s special focus is on renewable energy production. It is being told that the group will invest about Rs 2.3 lakh crore by 2030 in India’s most ambitious renewable energy expansion and capacity addition of solar and wind. Adani Green Energy Ltd, the country’s largest renewable energy company, is planning to increase its power generation capacity from solar and wind power at Khavra in Kutch in Gujarat to 30 GW from the current 2 GW by about 1.5 percent, a senior company official said. Will invest lakh crore rupees. The company will invest Rs 50,000 crore in similar projects of six-seven gigawatts elsewhere in the country. After this, the company’s share prices jumped by about 3.16 percent.

What action was seen in the stock

After the investment information, there is a tremendous rise in the share price of Adani Green Energy. The company’s stock opened at Rs 1950 in the morning. Which jumped 3.16 percent to Rs 1962.90 during trading at 9.20 am. Whereas, at 10 am the company stock was trading at Rs 1953.50, up 2.71 percent i.e. Rs 51.55. In the last five days, the company has given a return of 3.12 percent to the investors. At the same time, investors have got a tremendous return of 107.89 percent in six months. However, on an annual basis the company has given a return of 117.09 percent to investors. A year ago, on April 10, 2023, the company’s stock price was Rs 899.15.

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What is the company’s investment plan?

Adani New Industries Limited (ANIL), a unit of Adani Enterprises Limited, the flagship company of Adani Group, will invest about Rs 30,000 crore in expanding solar cell and wind turbine manufacturing capacity in Mundra, Gujarat. AGEN currently has an operating portfolio of 10,934 MW (10.93 GW). AGEN is targeting 45 GW of renewable energy capacity by 2030. Of this, 30 gigawatt capacity will come from the world’s largest renewable energy project at just one place, Khavra. Vineet S Jain, Managing Director of AGEN, said that we have just commissioned 2,000 MW (two gigawatt) capacity in Khavda and plan to add four gigawatt in the current financial year (2024-25) and five gigawatt every year thereafter. Jain is also the director of ANIL. To support these plans as well as to meet the needs of other domestic renewable companies and the export market, ANIL plans to expand its cell and module manufacturing unit at Mundra from the current 4 GW to 10 GW by 2026-27, he said. Is made. He said that apart from solar manufacturing, ANIL is also doubling the capacity of manufacturing wind mills to generate electricity from wind to five gigawatts in three and a half years.