Adani Energy stock zooms 18% in 3 days on buzz of strong demand for its QIP

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Adani Energy stock zooms 18% in 3 days on buzz of strong demand for its QIP - Business Standard

Quick Summary:

According to media reports, AESL's $1-billion QIP got strong response and was subscribed over 6 times.

The company is further focussing on the digitisation of business processes with data analytics and AI technologies to drive operational efficiencies as well as exploring new opportunities related to metering like gas meters and home automation.

AESL is ramping up its smart metering business and is on course to become India’s leading smart metering integrator with an order book of over 22.8 million meters.