Renewables and transmission businesses power Adani group's growth story

Transmission business has taken over power unit in market cap and Adani Green is catching up

The Adani group’s two relatively small listed entities — Adani Green Energy and Adani Transmission — may be the perfect coming-off age story in the power sector. 

As thermal power loses its sheen, transmission and renewables segment promise more stability.  Adani Transmission has taken over Adani Power in market capitalisation and Adani Green is catching up.

With Tuesday’s market close, Adani Power had a market capitalisation of Rs 125.9 billion. In comparision, Rs 186.9 billion was the market capitalisation of Adani Transmission and Rs 89.50 billion the figure for Adani Green Energy. “Adani Transmission is a steady cash-flow business, while