Adani Transmission has joined a Rs 2-trillion corporate market club (market cap) on the BSE, after its price peak reached Rs 1,846.70, up 3% on domestic trading, on Monday. Adani Group, which operates in the electronics business, exceeded its previous level of Rs 1,810.80, which was seized on September 9, 2021. Stocks have moved 104 percent since August from Rs 903. 75 on July 30, 2021.
With this, Adani Transmission has become the second Adani Group company to carry out this action after Adani Green Energy. At 10:43 a.m., Adani Transmission had a market capitalization of Rs 2.02 trillion, and is the most important company of Adani Group. Adani Green Energy ranks second among the group companies with a m-cap of Rs 1.86 trillion, followed by Adani Enterprises (Rs 1.68 trillion), Adani Ports and Special Economic Zone (Rs 1. 51 trillion) and -Adani Total Gas (Rs 1. 49 trillion).
Adani Transmission (ATL) is the arm of the transfer and distribution business of Adani Group, one of India's largest companies. ATL is the largest private transfer company in the country with a collection network of ~ 18,800 ckt km, of which ~ 13, 200 ckt km are operational and ~ 5, 600 ckt km are in various stages of construction. ATL also operates a distribution business with about 3 million customers in Mumbai.
While India is returning to strong growth (as evidenced by the last three quarters of the last financial year), ATL continued to be India's largest revenue transfer and distribution sector for profit: by becoming the lowest transfer agent in the growing sector and through its competitive distribution of power in India's financial capital. ; by having beta (the ability to withstand the slowdown in economic growth without crippling the balance sheet; through a combination of broad incomes that include guaranteed competition and tax support (TBCB).
"The company has sufficient revenue to invest in its transmission network; fully funded by its significant investment in the distribution company Adani Electricity Mumbai Limited (AEML), improving the visibility of the medium term project and the visibility of revenue," AEL said in the 2020 financial year. 21 annual report.
With Mumbai electricity expected to affect 5,000 MW in the future in terms of visual capacity and transmission capacity of only 2700 MW, AEML expects to receive additional power from the national grid to the city. The company has applied for licenses from the Maharashtra Electricity Regulatory Commission (MERC) to start two key projects to improve access to electricity in Mumbai by 2000 MW, he added.
The company went on to say that it aims to significantly increase the amount of renewable energy within the electricity mix delivered - to 30 percent by FY 2022-23, which is one of the highest renewable energy rates in any of India's largest urban reserves. In line with Central Government policy, the company has invited a competitive competition to provide renewable energy and a guaranteed acquisition of 700 MW.
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