
Adani Green Energy’s USD notes get 'BB+' rating from Fitch; stock rises
Adani Green Energy Restricted Group 1's (AGEL RG1) $500 million five-year senior secured notes due in 2024 will be used to refinance its debt.
Adani Green Energy Restricted Group 1's (AGEL RG1) $500 million five-year senior secured notes due in 2024 will be used to refinance its debt.
The consolidated profit of the Adani Group company zoomed 319% YoY to ₹507 crore, while revenue rose 88% to ₹2,988 crore.
Shares of three Adani Group companies - Adani Transmission, Adani Total Gas and Adani Green Energy - hit their respective 5% upper circuit limits.
The management is hopeful to obtain financial closure for Mudra petrochemical project in next six months, says Adani Group spokesperson.
An additional 0.76% stake in Adani Transmission and 0.99% shares in Adani Green have been pledged with SBI Trustee.
GQG has acquired 3.4% stake in Adani Enterprises, 4.1% in Adani Ports, 2.5% in Adani Transmission, and 3.5% in Adani Green Energy.
Of the nine Adani group stocks, 7 were trading higher amid report that Gautam Adani-led conglomerate is planning to prepay its loans.
Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power, and NDTV hit their 5% lower circuit limits on Monday.
Shares of all other Adani group stocks, barring the gas arm, rose on Wednesday, led by Adani Enterprises which gained more than 12% in early trade.
Adani Enterprises and Adani Wilmar shares were locked in their respective 10% and 5% upper circuit limit on the BSE. Adani Port, ACC, and Ambuja Cements rose up to 9%.