Mumbai, October 16 (Udaipur Kiran): Shares of Adani Green Energy Limited (AGEL) gained over 1% in Wednesday’s trade after the company announced the incorporation of five new wholly-owned subsidiaries under its renewable energy arm. The stock was trading at Rs. 1,056.50, up by 12.40 points or 1.19%, compared to its previous close of Rs. 1,044.10 on the BSE.
The scrip opened at Rs. 1,054.10 and touched an intraday high of Rs. 1,067.00 and a low of Rs. 1,053.05. So far, around 92,750 shares have been traded on the counter. The company’s market capitalization currently stands at Rs. 1,74,065.34 crore.
According to the company’s filing, its wholly-owned subsidiary Adani Saur Urja (KA) has incorporated five new subsidiaries—namely Adani Hydro Energy Eleven (AHE11L), Adani Hydro Energy Twelve (AHE12L), Adani Hydro Energy Fourteen (AHE14L), Adani Hydro Energy Fifteen (AHE15L), and Adani Hydro Energy Seventeen (AHE17L)—between October 13 and October 15, 2025.
The newly formed entities aim to generate, develop, transmit, distribute, and sell power through wind, solar, hydro, and other renewable energy sources. These incorporations are part of Adani Green’s broader strategy to expand its footprint in the renewable energy sector and diversify its clean energy portfolio.
As of now, promoters hold 62.43% of AGEL’s equity, while institutions and non-institutions own 14.27% and 23.30%, respectively.
Adani Green Energy, part of the Adani Group, is among India’s largest renewable energy companies. It builds, owns, and operates solar and wind power plants across the country, contributing significantly to India’s renewable energy capacity targets.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
