 "Adani Transmission soars over 15% post Q2 results")
Shares of Adani Transmission has soared 18% at Rs 34.40 on the BSE after the company reported a consolidated net profit at Rs 153 crore for the quarter ended September 30, 2015 (Q2FY16). It had profit of Rs 30 crore in June quarter (Q1FY16).
The total consolidated income for Q2FY16 stood at Rs 621 crore against Rs 469 crore in Q1FY16, Adani Transmission said in a press release.
Adani Transmission is the largest private sector transmission company in India with over 5,000 circuit kms of transmission lines across Western & Northern regions of India along with 12,000 MVA transformation capacity.
“As the largest private power transmission company in the country and the Government thrust on huge investment in power transmission sector along with progressive policy initiatives, Adani Transmission is best poised to tap growth and create value for all its stakeholders,” said Gautam Adani, Chairman, Adani Group.
The stock touched high of Rs 34.95 on the BSE. The trading volumes on the counter jump more than five-fold with a combined 20.32 million shares changed hands on the BSE and NSE till 02:25 pm.
The total consolidated income for Q2FY16 stood at Rs 621 crore against Rs 469 crore in Q1FY16, Adani Transmission said in a press release.
Adani Transmission is the largest private sector transmission company in India with over 5,000 circuit kms of transmission lines across Western & Northern regions of India along with 12,000 MVA transformation capacity.
“As the largest private power transmission company in the country and the Government thrust on huge investment in power transmission sector along with progressive policy initiatives, Adani Transmission is best poised to tap growth and create value for all its stakeholders,” said Gautam Adani, Chairman, Adani Group.
The stock touched high of Rs 34.95 on the BSE. The trading volumes on the counter jump more than five-fold with a combined 20.32 million shares changed hands on the BSE and NSE till 02:25 pm.
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