Adani Group SharesImage Credit source: File Photo
The difficulties of the Adani Group are not taking the name of abating. After January 24, after the Hindenburg report, one or the other crisis is coming on the Adani Group. Now the latest case is related to Adani Group’s Green Energy Project. In fact, the UN-based Climate Group has terminated the approval of three companies of Adani Group from the main institutions of the world for green goals.
Adani Group’s Green Energy will be shocked if the approval is over. Actually Adani Group is trying to become a leader in the green energy sector. But with this decision, now all the efforts of Adani Group can get a setback. The three companies on which the decision has been taken. They include Adani Greens, Adani Transmission and Adani Ports.
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Three companies fell
Adani Green, Adani Port and Adani Transmission have been excluded from the category of Company Taking Action by UN’s Climate Group since the end of April. After this decision, it may be difficult for Adani Group to emerge as a leader in energy transition. The Climate Group conducted an internal investigation before taking this decision. In which it was found that concrete plans should be made to reduce global warming. The company does not stand on those standards. Now it has to be seen what is the reaction of Adani Group on this decision.
Impact on shares of Adani Group
In Tuesday’s trading, a downward trend was observed in the shares of Adani Group. Adani Green’s share has fallen by 1.89 percent to Rs 17.30 and has come down to Rs 900. Adani Ports, another company of Adani Group, has seen a slight growth. The stock of Adani Ports closed at a gain of 0.63 per cent. At the same time, the stock of Adani Transmission also registered a sharp decline of 5 percent. On Tuesday, the stock of Adani Transmission closed at Rs 901.60 after a fall of Rs 47.
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