Adani Energy Solutions trades at 60 per cent discount to peers on a growth-adjusted basis. It should trade at an in-line multiple, if not a premium, Cantor said.

India's Adani Green Energy on Saturday said Deputy Chief Financial Officer Saurabh Shah would assume the role of CFO, replacing Phuntsok Wangyal, who will step down effective Sept 30.

Adani Power shares surged over 5% after winning a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra at Rs 4.08 per unit, beating competitors like JSW Energy. Adani Green Energy shares also jumped by over 7%,

New Delhi: Shares of Adani Power jumped nearly 8 per cent on Monday after the Adani group won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power.

Investec values Adani Green Energy at 15 times estimated FY30 consolidated Ebitda, adjusting for the FY29 net debt, to arrive at a target price of Rs 2,515.

On the last trading day, Adani Green Energy opened at ₹1949.3 and closed at ₹1962.95. The stock reached a high of ₹1963 and a low of ₹1926.7 during the session.