India's Adani Energy rises after 28 bln-rupee order win

Adani Energy Solutions

21/03/2025 07:22

** Shares of Adani Energy Solutions ADAI.NS rise as much as 3.9% to 846.95 rupees, hitting highest level since December 2

** ADAI says it has won about 28 billion rupees ($325 mln) transmission project in Gujarat for green hydrogen/ammonia manufacturing

** Adds, its order book now stands at about 575.61 bln rupees

** If trend holds, stock set to rise for 12th consecutive session, gaining about 29.4% during the period

** Avg rating of five analysts equivalent of "strong buy", median PT is 1,230 rupees - LSEG data

** Stock up 7.5% so far this week, on track for third straight weekly gain

($1 = 86.1620 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))