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Adani Transmission rises on acquiring entire stake in GTL

21 Jun 2018 Evaluate

Adani Transmission is currently trading at Rs. 152.50, up by 0.30 points or 0.20% from its previous closing of Rs. 152.20 on the BSE.

The scrip opened at Rs. 152.20 and has touched a high and low of Rs. 154.65 and Rs. 151.00 respectively. So far 45418 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. 154.90 and Rs. 143.05 respectively. The current market cap of the company is Rs. 16887.58 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 has acquired 100% Equity Share Capital of Ghatampur Transmission (GTL) from REC Transmission Projects Company (RECTPCL) on June 19, 2018. Pursuant to this acquisition, GTL has become a Wholly Owned Subsidiary of the company.

GTL was incorporated in December 2016 by RECTPCL to establish Transmission System for Evacuation of Power from 3X660 MW Ghatampur Thermal Power Project. The project has approximately 900 ckt kms of line at voltage levels of 765 KV and 400 KV. The company has acquired GTL from RECTPCL pursuant to tariff based competitive bidding process carried out by RECTPCL.

Adani Transmission 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.


Adani Energy Solut. Share Price

1491.70 0.90 (0.06%)
16-Jun-2026 16:59 View Price Chart
Peers
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