Moreover, Ashish Khanna, presently the CEO of the Worldwide Power Enterprise of the Adani Group, can be appointed as the brand new CEO of AGEL, efficient April 1, 2025.
“We hereby notify the inventory exchanges in regards to the following management transition, as famous / authorized through the assembly of the Board of Administrators of the Firm held on December 30, 2024: 1. Mr. Amit Singh, CEO (a Key Managerial Personnel, categorized as Senior Administration Personnel), to step down from his place as CEO of the Firm, efficient March 31, 2025,” mentioned the corporate in an alternate submitting.
It was additional knowledgeable that Amit Singh can be transitioning to a unique management position within the Adani Group submit the completion of his remaining tenure because the CEO of Adani Inexperienced Power.
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AGEL is India’s largest and one of many main renewable power firms on the planet enabling the clear power transition. The corporate develops, owns, and operates utility scale grid-connected photo voltaic, wind, hybrid and hydro-pumped storage renewable energy crops.
The shares of AGEL have been on a falling spree for a while now, having fallen by 34.4% within the final one yr and on a year-to-date foundation. Even within the shorter time period, the inventory has gone down by 41.4% within the final 6 months and by 45% within the final 3 months, in keeping with the BSE analytics.
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