Adani Enterprises has secured a significant order from the Indian government’s Solar Energy Corporation of India Limited (SECI).

This development has propelled Adani Enterprises’ stock at a remarkable pace.

On January 11, 2024, the company received a Letter of Award (LoA) for manufacturing electrolysers in India  

The order involves installing 198.5 megawatts per year of manufacturing capacity

This order is given under a government initiative to promote electrolyser production.

Following the news, the stock surged to ₹3,104.25 on BSE last Friday, gaining ₹23.80 (0.77%).

Earlier, on February 3, 2023, its price had hit a low of ₹1,017. 

Adani Enterprises’ stock, which had experienced a downturn amid allegations by an American short-seller firm in early 2023,

After that their stock has seen a strong Recovery.

This reaffirms their commitment to sustainable energy practices and their pivotal role in India’s renewable energy landscape.

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