Today’s stock to be analyzed is Adani Green Energy Ltd.
Adani Green Energy Limited, a part of the Adani group, was incorporated in the year 2016, as a part of Adani group’s green energy initiative and complementing Adani Power with the vision to be a world-class leader in businesses that enrich lives.
Since its incorporation, the company has undertaken various power generation projects in addition to its capacity building and expansion. The company also has strategic tie-ups with various distribution companies and off-take agreements which makes the power projects viable and sustainable.
With the recent push from the government towards green energy makes the company’s growth prospects positive and sustainable.