Sri Lanka, Feb. 13 -- Adani Green Energy shares surged 3% to INR 946 in Thursday's intraday trade on BSE following the announcement that the company is withdrawing from its proposed wind power generation and transmission project in Sri Lanka, easing concerns over the project's viability, Indian media reported.

Adani Green Energy Limited (AGEL) officially withdrew from its proposed $1 billion renewable wind farm and transmission project in Sri Lanka, citing prolonged discussions and new government renegotiation efforts.

In a letter to the Board of Investment of Sri Lanka, Adani Green confirmed that after two years of negotiations with the Ceylon Electricity Board (CEB) and government departments, and after 14 rounds of discussions, the c...