Abu Dhabi's IHC has made the Investment via the preferential allotment route
IHC has made the Investment via the preferential allotment route
The consolidated net profit of the company was Rs 256.55 crore in the quarter ended on March 2021, according to a company statement
Adani Transmission Ltd said it received shareholders' approval for issuance of 1.56 crore shares worth around Rs 3,850 crore on a preferential basis to Green Transmission Investment Holding RSC Ltd.
IHC investment in parent Adani Transmission Ltd to improve leverage and credit quality
AGEL, ATL and AEL are market leaders in their sectors and form the Adani Group's green energy portfolio. The Capital will be used for expanding business.
Adani Transmission on Thursday reported a 40 per cent decline in its consolidated net profit to Rs 277 crore for the December 2021 quarter. The company had reported a consolidated net profit of Rs 464 crore in the quarter ended December 31, 2020, according to a BSE filing. Its total income during October-December 2021 rose to Rs 3,085.20 crore, from Rs 2,734.04 crore in the year-ago period. "In Q3 (third quarter), the consolidated PAT (profit after tax) decline of Rs 187 crore, (-)40.3 per cent y-o-y decline. "Q3FY22 PAT (October-December 2021) not comparable y-o-y on account of Rs 62 crore reversal of earlier interim power purchase bill, one-time deferred tax assets creation of Rs 129 crore and forex MTM gain of Rs 40 cr in Q3FY21 (October-December 2020) in (electricity) distribution business," the company said in a statement. Anil Sardana, MD and CEO of Adani Transmission, in the statement said, "Adani Transmission is constantly evolving and becoming a significant player in T&D
HP Adhesives is likely to debut with a 20-25 per cent listing gain, as per indications from the GMP
The Karur Transmission Project in Tamil Nadu is worth Rs 200 crore; the one in Gujarat is for Rs 1,200 crore.
The transmission line, set up by ATL subsidiary Ghatampur Transmission Ltd (GTL) will connect Ghatampur thermal power station in Kanpur district to Hapur substation in western Uttar Pradesh
Adani Transmission rallied 5% to Rs 1,995, while, Adani Total Gas was up 4 per cent to Rs 1,715 on the BSE in the intra-day trade on Friday
Total income stood at Rs 2,675.20 crore in the quarter as against Rs 2,306.45 crore in the year-ago period
With these, RE connectivity and private participation will get a fillip
Adani Transmission Ltd (ATL) on Wednesday said it would invest Rs 1,200 crore in eastern Madhya Pradesh to strengthen the power transmission system for MP Power Management Company Ltd (MPPMCL).
Interest in the broader markets remained strong, with BSE Midcap index rallying 1.09 per cent and the BSE Smallcap index 0.63 per cent
The three stocks are part of several other domestic companies likely to get added to FTSE indices. Adani Transmission is likely to see the largest inflows at $121 million
The company is the second Adani Group firm to achieve the feat after Adani Green Energy
Thus far in the month of August, Adani Transmission has rallied 37 per cent, while Adani Total Gas has surged 32 per cent on the BSE, against 6 per cent rise in the S&P BSE Sensex
Net profit for the April-June quarter was at Rs 433.34 crore.
The rise of profit was mainly on the back of higher revenues