Green energy stocks like Adani Green, Waaree Energies, Hitachi Energy, Torrent Power were buzzing in trade on December 12, driven by positive developments surrounding these companies.
Adani Green Energy emerged as the top gainer within the pack, surging over 7 percent after the company's arm commissioned a 250 MW solar power project in Rajasthan. Following the commissioning of this plant, the firm’s total operational renewable generation capacity increased to 11,434 MW.
Meanwhile, Mint newspaper, citing sources, reported that the conglomerate has started discussions with a group of investors and banks to refinance $1.1 billion in loans for Adani Green Energy which further aided the upmove.
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Aside from Adani Green, Waaree Energies and Hitachi Energy also jumped around 4 percent each, riding high on their recent positive developments. Waaree Energies clinched a 170 MW solar power plant project in Madhya Pradesh, just a couple of days after it secured an order to supply up to 1 GW of solar modules. On the other side, Hitachi Energy gained momentum following its recent order win in Japan and a partnership with Samsung C&T to explore global High-Voltage Direct Current (HVDC) project opportunities.
Moving along with the pack, Torrent Power shares also rose around 3 percent, extending gains to the second session. The company was in the spotlight this week after its Rs 3,500 crore qualified institutional placement (QIP) received strong traction from investors as it got oversubscribed four times.
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