Adani Green Energy Ltd
Adani
Green Energy Ltd (ADANIGREEN) is an Indian renewable energy company that is owned by
the #Adani Group. #ADANIGREEN was incorporated in 2015 and in just 5 years it has
grown up to become the world’s largest solar power generation company. By far, ADANIGREEN is the world leader in terms of operations, under construction and awarded
solar projects. In 2017 the company got public and was listed in #NSE and got
full control of solar projects in Adani Group.
Talking
specifically about AGEL, it is present in 66 locations across 11 Indian states,
generating 4373 Million Units. AGEL’s #Renewable Energy Portfolio of 13, 990
MW, surpasses the total installed capacity of the entire US solar industry in
2019.
AGELL Projects
Adani
Green Energy’s First project was a 20MW capacity wind power project at Lahori,
Madhya Pradesh in collaboration with Noida based #Inox Wind, a subsidiary of #Gujarat
Fluorochemicals Ltd.
At
present, AGELL manages 5290 MW of wind energy and solar power plants and around
46 operational projects in Uttar Pradesh, Gujarat, Chhattisgarh, Madhya
Pradesh, Andhra Pradesh, Karnataka, Telangana, Maharashtra, Rajasthan, Punjab
and Tamil Nadu.
Present
AGEL operates the 648 MW Kamuthi solar Power Project in the state of Tamil
Nadu. Spanning over an area of 10 Km2 it is one of the largest solar
photovoltaic plants in the world.
Adani
Green energy Ltd presently has 39 subsidiaries and one joint venture with
French Energy major Total SA.
Nearing Rs 1 Trillion Market
Capitalization
In
the morning of 14th September 20, Adani Green Energy touched a total
market capital value of Rs 99, 917 Cr, just Rs 83 Cr short of the elite Rs 1
Trillion Club. Also, the share value reached all time high of Rs 638.85 on the
BSE. This surge has moved AGEL ahead of several big names like #Bajaj Finserv, #Hindustan
Zinc, #Bharat Petroleum #Corp Ltd, #NTPC, etc.
AGELs
peer group involve the #Calcutta Electric Supply Corporation (CESC), #GET&D
India Ltd, #NLC India and #REL Infra. Adani Green Energy’s only competitor in
stock market is the Kolkata based CESC Ltd which is a flagship company of RP
Sanjiv Goenka Group.
Though
Adani Green energy has greater market capitalization, the stocks of CESC are
trading neck to neck with it both on NSE and BSE.
Another
important point to be considered while buying stocks is that the book value per
share of AGEL at Rs 9.43 is much lower than the book value per share of CESC at
Rs 712.66.
Future Growth Prospects
The
future for renewable energy in India and abroad is bright. The success story of
Adani Green Energy began at the 2015 United Nations Climate Change Corporation
(COP 21) held in Paris. The Hon’ble Prime Minister of India, Mr. Narendra Modi
reiterated his commitment to making India a game changer in the field of
renewable energy.
Since
then, the government has announced number of wind mill and solar power projects
in several states and even many are in the pipeline. In the Union budget 2020,
the Hon’ble Finance Minister has allocated Rs 220 billion to power and
renewable energy sector. This is a favorable market condition for AGEL Ltd
which is by far the not only India’s but also world’s largest company solar
power company. It also has largest number of awarded solar projects than any of
its peers.
The
company has an ambitious target of achieving an installed generation capacity
of 25GW by 2025.
The
company has also won the single largest (8GW) solar development bid ever awarded
involving total investments of $ 6 billion. The project is also expected to
generate around half a million direct and indirect jobs.
With
14 GW project already operational and 8GW in the pipeline, AGEL is all set to
achieve its target of 25 MW by 2025.
AGELL
has also come up with a joint venture with French energy major Total SA. This
is a benchmark agreement for a 2, 148 MW project. Total SA has already invested
Rs 3, 707 Cr into the project through one of its subsidiaries.
The
domestic and international demand for a greener and cleaner energy puts AGELL
at a very sweet spot in the coming future. None of its competitors in the same
segment – Tata Power Solar Ltd, Suzlon energy Ltd, etc come any closer in terms
of operational value and projects in hand.
Technical View:
In Terms of technical Chart views & Indicators, if we study daily charts
It has been making a new high almost daily since 24th of August 2020 so lump sum investment together is a bit risky for such stocks, one need to invest that day on which stock makes low. Means Buy on every dip. Stock has a potential to achieve 1000 Target within next 3 Months & 2000 Target by March 2022.
*Kindly have advise from expert for portfolio balancing before including stock in your portfolio.
*Investment in securities market is subject to market risk.
* Mr. Vinay Prakash Tiwari is a SEBI Registered investment Advisor
Investing Daddy
+917415511526
+919628519650
Blog: https://investingdaddy.blogspot.com/2018/07/investing-daddy-investment-adviser-to.html
Youtube: https://www.youtube.com/investingdaddy
Facebook: https://www.facebook.com/investingdaddy
Website: www.investingdaddy.com
No comments:
Post a Comment