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IHC invests Rs 3,850 crore in Adani Transmission

19 May 2022 Evaluate

Abu Dhabi-based global strategic investment company -- International Holding Company PJSC (IHC) has invested Rs 3,850 crore in Adani Transmission. Adani Electricity Mumbai, the distribution arm of Adani Transmission has legally covenanted targets to increase the renewable energy penetration to 60% by FY27 from 3% in FY21. IHC’s investment will support Adani Transmission’s journey.

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.

Peers
Company Name CMP
NTPC 318.15
Tata Power 357.95
Adani Power 200.30
Power Grid Corpn. 260.30
Adani Energy Solut. 1396.20
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