Adani Transmission gains after order win

Adani Transmission said that it has received the letter of intent (LoI) from REC Transmission Projects Company (RECTPCL) to build, own, operate and maintain a transmission project in Gujarat for 35 years.

Shares of Adani Transmission were up 3.40% at Rs 273.8. The stock traded in the range of Rs 265.55 and Rs 277.85 so far during the day.

The project "Jam Khambaliya Transco" comprises of approximately 40 ckt kms of 400 kV D/C line along with 400 kV substation at Jam Khambaliya in Gujarat. This project is primarily being constructed to establish transmission system associated with long term applications from Gujarat's wind and solar energy zone in Jamnagar. The associated transmission line in the project shall be used to evacuate power generated by renewable energy generators in Jam Khambaliya region to Lakadia Pooling station.

The project has been awarded to Adani Transmission through tariff based competitive bidding process.

Mr. Anil Sardana, MD & CEO, Adani Transmission said, It is a great opportunity to continue our commitment to transmitting bulk green power within the country and catering to India's climate goals.

Adani Transmission (ATL) is the transmission business arm of the Adani Group, one of India's largest business conglomerates. It is the country's largest private transmission company with a cumulative transmission network of more than 14,340 ckt kms, out of which more than 11,470 ckt kms is operational. This includes around 2,860 ckt kms in various stages of construction.

Powered by Capital Market - Live News