Adani Energy Solutions shines on commissioning Karur Transmission project

27 Oct 2023 Evaluate

Adani Energy Solutions is currently trading at Rs. 765.00, up by 22.35 points or 3.01% from its previous closing of Rs. 742.65 on the BSE.

The scrip opened at Rs. 747.45 and has touched a high and low of Rs. 773.75 and Rs. 742.85 respectively. So far 66444 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3385.30 on 01-Nov-2022 and a 52 week low of Rs. 630.00 on 01-Mar-2023.

Last one week high and low of the scrip stood at Rs. 773.75 and Rs. 686.90 respectively. The current market cap of the company is Rs. 84219.70 crore.

The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 21.60% and 5.17% respectively.

Adani Energy Solutions has successfully commissioned the Karur Transmission (KTL) project. The project includes the establishment of the 400/230 kV, 1000 MVA Karur Pooling Station and an associated transmission line spanning 8.51 circuit kilometers (CKM) in Tamil Nadu.

With a transformation capacity of 1,000 MVA, this project will facilitate the evacuation of power from renewable sources in the Karur/Tiruppur Wind Energy Zone. Additionally, it will strengthen the Southern Regional grid and support the integration of renewable energy sources on a large scale.

The Karur/Tiruppur Wind Energy Zone is a key wind corridor in Tamil Nadu, with significant capacities in wind energy and several under-construction wind farms. AESL was awarded this project to ensure the smooth evacuation of up to 2500 MW of green power produced in the region. This project aligns with India's decarbonization goals, supporting the country's aim to achieve 500 GW of green energy by 2030. It will provide industrial, commercial, and residential consumers with enhanced access to reliable and clean energy. AESL secured this project through the Tariff-Based Competitive Bidding (TBCB) route in December 2021 for a period of 35 years, covering the build, own, operate, and maintain basis.

Adani Energy Solutions (formerly known as Adani Transmission) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates.


Adani Energy Solut. Share Price

1058.90 8.70 (0.83%)
26-Apr-2024 16:01 View Price Chart
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