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The stock rose 0.74% on Tuesday. The company operates in multiple segments and has a balanced mix of solar, wind and hybrid projects in its portfolio, said Investec’s report.
The brokerage said that AGEL’s growth will primarily be led by its plans for 30GW (gigawatt) and 11GW installations in Khavda, Gujarat and Rajasthan respectively, where it has access to large resource rich land banks along with evacuation facilities. It will take the total production capacity to 50+GW by FY30.
This would be in line with the 5 times growth Adani Green Energy clocked in FY19-24.
“The company has overall access to more than 2.5 lakh acres of land in India, which we believe, provides enough opportunity to add more than 50GW of the targeted capacity beyond 2030 as well,” said Investec’s analyst Anuj Upadhyay, in a note to their clients.
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https://economictimes.indiatimes.com/markets/stocks/news/brokerage-investec-begins-coverage-on-adani-green-energy/articleshow/113439777.cms
