Page 7 - Adani Transmission

Adani Transmission posts 7% fall in net profit at Rs 214 cr in Q2

Adani Transmission Ltd (ATL) on Thursday posted about 7 per cent fall in consolidated net profit at Rs 214.13 crore for September quarter 2020-21, mainly on account of reduced income. In the year-ago period, the net profit was Rs 230.43 crore, the company said in a BSE filing. Total income during July-September reducedto Rs 2,306.45 crore from Rs 2,638.32 crore a year ago. Total expenses were at Rs 2,044.13 crore as against Rs 2,300.51 crore in the year-ago period. There is abundant potential for increased growth in India's transmission sector in the coming years. We are spearheading our energies and efforts towards providing reliable power supply across the nation. "With the government's core objective of 24x7 power for all, considering anticipated growth and demand for power in major parts of the country, ATL is committed to deliver continuous growth and is helping in strengthening the transmission network across the nation," Gautam Adani, Chairman, Adani Group, said in a ...

Adani Transmission's profit before tax rises 50% in June quarter

For the April to June period, Adani Transmission reported a PBT and deferred assets recoverable of Rs 481.97 crore, up 50 per cent.

Adani Transmission profit up 67% in June qtr, income drops to Rs 2,543 cr

The electricity distribution losses stood at 13.47 per cent in the quarter compared to 7.78 per cent in the same period last year

Adani Transmission to buy Kalpataru's transmission asset for Rs 1,286 cr

Adani Transmission says Alipurduar Transmission acquisition will bolster its position as the largest private sector transmission company in India.

After Vedanta, Adani Power to go for delisting; board meet on June 3

The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.

QIA to pick 25% stake in Adani's Mumbai power distribution business

The agreement requires the Mumbai distribution business to source 30 per cent power from green alternatives

Adani Transmission hits fresh all-time high; stock surges 30% in a week

In the past week, the stock has rallied 30 per cent as compared to 0.22 per cent decline in the S&P BSE Sensex

Adani Transmission reports net profit of Rs 230.43 crore in Sept quarter

The firm's total income during the July-September 2019 quarter increased to Rs 2,638.32 crore, compared with Rs 1,462.56 crore a year ago

Adani Transmission surges 14% on acquisition of WRSS Transco

The stock jumped 14 per cent to Rs 255, and was trading close to its 52-week high level of Rs 256 hit on November 28, 2018 on the BSE.

Adani Electricity to invest Rs 1,200 crore in Mumbai distribution business

The firm now wants to invest in expanding transmission network for the distribution business

Adani closes KEC's Transmission asset acquisition deal, buys 100% stake

In November 2018, both ATL and KEC International had signed a share purchase agreement for the acquisition of the latter's stake in KEC Bikaner Sikar Transmission Private Limited

Adani Transmission nears record high; stock zooms 62% in one month

The stock rose 5% to Rs 250, extending its 39% rally in past two weeks following an announcement of its addition in MSCI index.

Adani to buy transmission asset of KEC International for Rs 2.27 bn

The Bikaner-Sikar transmission line was commissioned in December 2017

Adani Transmission Q2 net profit up 43% to Rs 950 million; income rises 94%

Total income of Adani Transmission jumped by about 94% to Rs 14.57 billion

Adani Transmission to explore all PPP, distribution franchise opportunities

The endeavour of Adani Electricity Mumbai shall be to enhance customer delight by improving commercial and network management services, says chairman Anil Sardana

Adani Transmission hits record high post Q3 results

The stock hit a record high of Rs 252, up 9% on BSE in early morning trade after the company reported profit after tax of Rs 1.55 billion for the quarter ended December 2017

Reliance Infra completes sale of transmission assets to Adani Transmission

Reliance Infrastructure today announced the completion of sale of its transmission assets to Adani Transmission Limited for Rs 1,000 crore, proceeds of which would be utilized towards debt reduction. Post takeover of the RInfra assets, the total transmission portfolio of Adani Transmission would be 11350 ckt kms or circuit kilometers.Sale of two SPVs (Western Region System Strengthening Scheme (WRSSS) Transmission Undertakings to Adani Transmission is complete with deal valued at Rs 1,000 crore. The entire proceeds from the stake sale shall be utilized for debt reduction, Reliance Infrastructure said in a statement.With this acquisition, the cumulative network of Adani Transmission will reach around 11350 ckt kms, out of which approximate 9000 ckt kms are under operation (including 458 ckt kms under process of acquisition) and approximate 2350 ckt kms under various stages of construction, Adani Transmission said in a separate press statement.Western Region Transmission Maharashtra ...

Adani buys RInfra's Mumbai power biz for Rs 1,000 cr, aims to reduce debt

proceeds from the stake sale shall be utilised for debt reduction."

Adani Transmission Q2 net profit falls 33% to Rs 67 crore

Its consolidated net profit after tax was Rs 99.54 crore for the quarter ended on September 30, 2016

Adani Transmission rallies for 12th straight day; stock zooms 67%

The stock up 5% at Rs 213, extending its past two days 15% gain, after the company said RInfra entered into exclusive talks with the company for selling its Mumbai power business.