Adani Green Energy is India’s largest renewable company with a capacity of 20 GW. The Company has a target of 25GW by the year 2025.
As of March 2021, AGEL has 3470 MW under operations and the rest is a work in progress.
The government of India has a target of 500GW by 2030 through renewable energy because of which the Government is investing heavily in the Industry.
AGEL is directly supplying power to the state and Central Government and has 25 years power purchase agreement. This creates a ready market for the company.
In the Last 2 years, AGEL has seen a good increase in revenue and profit on the back of rising demand.
This analysis is the long term analysis (Fundamental analysis) of the company, one should invest only for the long term in the company and investing for the short term can be very risky.
Disclaimer: Investors should do their own research or consult their investment adviser/ broker before making any investment decisions.
Stockoholic: By Ketan Agarwal