On Monday, the market capitalization of Adani Green Energy Ltd. moved an inched closer to Rs 1 trillion and becoming the most valued stock of Adani Group.

In the morning at 10.08, the group’s firm saw its market touching Rs 99,917 crore, which is just Rs 83 crore away to join Rs 1 trillion m-cap club. The scrip was traded at a record high of Rs 638.85 a share on the BSE, 5% up from its previous close. Its stock gained in 17 out of 21 trading sessions and rose over 78%.

The company had posted a standalone net profit of Rs 138 crore on Friday for the quarter ending on June 30, against Rs 5.52 crore in a year-ago period. Its total standalone income for the June quarter stood at Rs 253 crore, which was Rs 192 crore as compared to the previous year period.

Recently, Mercom Capital Group has ranked Adani Green Energy as the largest solar power producing company in the world. As per the study of Mercom Capital, Adani Green has a solar portfolio of 12.32 GW, which exceeds the total installed capacity of the US in 2019. It also has a 10.1 GW project under construction in its portfolio.

On June 9, Adani Green announced that it had bagged a manufacturing-linked solar contract from the Solar Energy Corporation of India (SECI) for developing 8 GW of projects. The deal is valued at Rs 45,000 crore, and with this, it will have a 15 GW capacity under operation, construction. The company’s firm targets in achieving an installed generation capacity of 25 GW of renewable power by 2025 at an investment of $15 billion.