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Adani Transmission Ltd. receives LOI of an Intra State Transmission Project in Uttar Pradesh

Posted On: 2018-12-03 11:57:57

Adani Transmission Ltd (ATL), the largest private sector power transmission company operating in India has received the LOI from PFC Consulting Limited (A wholly owned subsidiary of PFC Corporation Limited) to build, own, operate and maintain the transmission project in the state of Uttar Pradesh. The project "Obra-C Badaun Transmission Limited" has approximately 625 ckt kms of line at voltage levels of 765 kV and 400 kV. This project is primarily being constructed to establish Transmission System for Evacuation of Power from 2x660MW Obra-C Thermal Power Project with associated transmission lines.

This project has been awarded to ATL through Tariff Based Competitive Bidding Process.

With this win, the cumulative transmission network of ATL will reach around 13,548 ckt kms, out of which approximately 9,350 ckt kms are under operation and distribution network of ~ 3 Mn customer. This is the second win for ATL in the state of Uttar Pradesh and will help the Company re-inforce its position as a pan India player and is also expected to bring in the benefits of economies of scale to the business in India.

Shares of Adani Transmission Ltd was last trading in BSE at Rs.224.9 as compared to the previous close of Rs. 226.95. The total number of shares traded during the day was 49525 in over 865 trades.

The stock hit an intraday high of Rs. 238.25 and intraday low of 222.2. The net turnover during the day was Rs. 11559028.


Source: Equity Bulls

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