Introduction: Adani Group stocks experienced a remarkable rally on December 12, 2024, with several stocks seeing sharp gains. Leading the charge was Adani Green Energy, whose shares surged by 7.2% following the successful commissioning of a 250 MW solar power project in Rajasthan. This development not only boosted the stock but also resulted in a significant rise in the overall market capitalization (m-cap) of the Adani Group, which jumped by ₹27,000 crore.

Adani Green Energy's Growth and Stock Surge: The announcement of Adani Green Energy’s new solar power project was a key driver of the stock’s growth. With this project, the company’s total operational renewable generation capacity increased to 11,434 MW. This marks a significant achievement in the company’s green energy portfolio, contributing positively to investor sentiment. As a result, Adani Green Energy shares traded at ₹1,232 on the National Stock Exchange (NSE), reflecting a 7.2% increase in value.

The news surrounding this solar plant has also bolstered confidence in Adani Green’s continued growth in the renewable energy sector. With the rising focus on sustainability and clean energy, the company’s operational capacity and expansion plans are seen as highly promising.

Other Adani Stocks on the Rise: Other prominent Adani Group stocks also witnessed strong gains on December 12, 2024, contributing to the overall surge in the group’s m-cap. Adani Power, Adani Total Gas, NDTV, and Adani Ports saw their stock prices rise by 2-5% each, reflecting the market’s positive outlook on the group’s diversified operations across sectors.

However, Ambuja Cements, part of the Adani Group, was the sole laggard of the day, with its shares falling by about 0.3% by 11:50 AM.

Impact on Adani Group's Market Capitalization: The overall surge in the stock prices of various Adani Group companies led to a jump of ₹27,000 crore in the group's market capitalization. As of December 12, 2024, the combined market cap of Adani Group companies stands at an impressive ₹13.6 lakh crore.

This surge in market value is a significant milestone for the conglomerate, further solidifying its position as one of India’s largest and most influential business groups.

Refinancing Talks for Adani Green Energy: In a related development, the Mint newspaper reported that the Adani Group has entered into discussions with investors and banks to refinance approximately $1.1 billion worth of loans belonging to Adani Green Energy Ltd. These loans are due for repayment in March 2025. This refinancing move is seen as a strategic step to manage the group’s financial obligations while maintaining liquidity as it continues to expand its renewable energy business.

Conclusion: The Adani Group’s market cap has soared to ₹13.6 lakh crore, with Adani Green Energy, Adani Power, and other stocks leading the gains. The commissioning of the 250 MW solar project in Rajasthan was a key catalyst for Adani Green Energy's impressive performance. Despite the slight dip in Ambuja Cements stock, the overall positive movement in the group's shares showcases the market’s confidence in the group’s financial health and growth prospects. The ongoing refinancing efforts for Adani Green Energy are also expected to strengthen the group’s position as a leader in the green energy sector.