Adani Transmission jumps 5 per cent, gains more than 30 per cent in a month

Geyatee Deshpande
/ Categories: Trending, DSIJ News
Adani Transmission jumps 5 per cent, gains more than 30 per cent in a month

Adani Transmission acquired a 49 per cent stake in Alipurduar Transmission Limited from Kalpataru Power Transmission Ltd (KPTL). Reacting to this, the company’s stock jumped by around 5 per cent on BSE today.

Out of the acquisition, the remaining 51 per cent stake will be acquired after obtaining the requisite regulatory and other approvals, in a manner consistent with Transmission Service Agreement.

Currently, Adani Transmission’s network includes more than 15,400 ckt km, from which, more than 12,200 ckt km is currently operational and more than 3,200 ckt km is, as of now, under various stages of execution. A wider reach for Adani Transmission is possible since Element 1 of the project consists of the transmission line from Alipurduar to Siliguri commissioned on January 20, 2020. Besides, Element 2 of the project consists of the transmission line from Kishanganj to Darbhanga that was commissioned on March 6, 2019.

Adani Transmission is a transmission & distribution business arm of Adani Group and Alipurduar Transmission Ltd operates transmission lines aggregating to around 650 ckt km in West Bengal and Bihar.

On Friday, the stock of the company was seen trading at Rs 379.95 per share, up by 4.21 per cent or Rs 15.35 per share. The 52-week high is Rs 407.70 and the 52-week low is Rs 147.50 on BSE.

Rate this article:
4.4

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary28-Mar, 2024

Mindshare29-Mar, 2024

Multibaggers28-Mar, 2024

Interviews28-Mar, 2024

Multibaggers28-Mar, 2024

Knowledge

General26-Mar, 2024

MF25-Mar, 2024

General18-Mar, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR