The aforementioned plant, which is based in Mundra (Gujarat), has a capacity of 2.0 GW per annum.

The company holds 74% shares of Mundra Solar through its wholly-owned subsidiary i.e. Adani Tradecom.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India's largest business conglomerates. The company's business investments are centred on the fields of airport management, technology parks, roads, data centre and water infrastructure.

The company reported 43.55% jump in consolidated net profit to Rs 673.93 crore in Q1 FY24 as against Rs 469.46 crore posted in Q1 FY23. Revenue from operations slipped 37.72% year on year (YoY) to Rs 25,438.45 crore in the quarter ended 30 June 2023.

The scrip shed 0.39% to currently trade at Rs 2469.95 on the BSE.