Adani Green Energy’s (AGEL) Wholly-owned Subsidiary -- Adani Renewable Energy Holding Two has entered into a binding term sheet on January 17, 2023 for acquisition of 50% equity interest in Essel Saurya Urja Company of Rajasthan (ESUCRL) from Seller. The cost of acquisition is Rs 15 crore and the transaction is expected to be completed by February 28, 2023.
The acquisition will expand AGEL’s footprint in the state of Rajasthan, where the AGEL already owns and operates solar park in a joint venture Company with Government of Rajasthan i.e. Adani Renewable Energy Park Rajasthan.
Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.
| Company Name | CMP |
|---|---|
| NTPC | 399.00 |
| Tata Power | 434.20 |
| Adani Power | 203.90 |
| Power Grid Corp | 320.35 |
| Torrent Power | 1613.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: