Adani Group stocks rally up to 8%; Adani Green Energy, Adani Power among top gainers from the pack | Stock Market News
Adani Group stocks, including Adani Green Energy, Adani Power and Adani Ports, rallied up to 8% on Thursday, December 12. The biggest gainers among the pack were Adani Green shares and Adani Power shares which spiked more than 8% each.
Adani Energy Solutions stock price jumped 4.5%, Adani Total Gas shares rallied 5.21%, while Adani Enterprises share price, Adani Ports shares and Adani Wilmar stock rose over 2.4% each.
Key Developments
Adani Group stocks remained in focus as FBI Director Christopher Wray announced his decision to resign at the end of US President Joe Biden’s term in January.
It is to be noted that the Adani Group Chairman Gautam Adani and seven other executives were indicted in the US in an alleged multibillion-dollar bribery and fraud scheme under Wray.
In another key development, Adani Green Energy announced in a regulatory filing that its step-down subsidiary, Adani Green Twenty Five Limited, has commissioned a 250 MW solar power project at Badi Sid in Jodhpur, Rajasthan.
With the commissioning of this plant, Adani Green Energy’s total operational renewable generation capacity has increased to 11,434 MW, the company said.
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