Adani Transmission is currently trading at Rs. 143.70, up by 1.25 points or 0.88% from its previous closing of Rs. 142.45 on the BSE.
The scrip opened at Rs. 143.80 and has touched a high and low of Rs. 147.00 and Rs. 143.30 respectively. So far 35897 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 252.00 on 18-Jan-2018 and a 52 week low of Rs. 103.00 on 21-Aug-2017.
Last one week high and low of the scrip stood at Rs. 149.50 and Rs. 134.90 respectively. The current market cap of the company is Rs. 15875.76 crore.
The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 22.62% and 2.46% respectively.
Adani Transmission (ATL) has received the LOI from REC Transmission Projects Company (A wholly owned subsidiary of Rural Electrification Corporation) to build, own, operate and maintain the transmission project in the state of Uttar Pradesh. The project ‘Ghatampur Transmission’ has around 900 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 3X660MW Ghatampur Thermal Power Project.
This project has been awarded to ATL through a Tariff Based Competitive Bidding Process.
With this win, the cumulative transmission network of ATL will reach around 12,500 ckt kms, out of which around 9,000 ckt kms are under operation. This is the first win for Adani Transmission in the state of Uttar Pradesh, which will help it establish as a pan India player and is also expected to bring in the benefits of economies of scale to the business in India.
ATL is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.
| Company Name | CMP |
|---|---|
| NTPC | 335.00 |
| Tata Power | 399.10 |
| Power Grid Corp | 309.55 |
| Adani Power | 506.95 |
| Torrent Power | 1451.65 |
| View more.. | |
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