Adani Transmission Ltd acquires Obra-C Badaun Transmission Limited

Adani Transmission Ltd has acquired 100% Equity Share Capital of Obra-C Badaun Transmission Limited (OCBTL) from PFC Consulting Limited (PFCCL).

OCBTL was incorporated in August, 2018 by PFCCL to build, own, operate and maintain the transmission project in the State of Uttar Pradesh. The project "Obra-C Badaun Transmission Limited" has approx. 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 the Company through Tariff Based Competitive Bidding Process.

Shares of Adani Transmission Ltd was last trading in BSE at Rs.200.2 as compared to the previous close of Rs. 209.9. The total number of shares traded during the day was 21964 in over 471 trades.

The stock hit an intraday high of Rs. 209.2 and intraday low of 199.75. The net turnover during the day was Rs. 4480015.

Source : Equity Bulls

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