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Adani Energy Solutions shines on executing SPA for acquiring 100% stake in Jamnagar Transmission

16 Oct 2024 Evaluate

Adani Energy Solutions is currently trading at Rs. 1022.00, up by 17.85 points or 1.78% from its previous closing of Rs. 1004.15 on the BSE.

The scrip opened at Rs. 1009.00 and has touched a high and low of Rs. 1030.50 and Rs. 1004.25 respectively. So far 24444 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1347.90 on 01-Aug-2024 and a 52 week low of Rs. 686.90 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 1030.50 and Rs. 964.00 respectively. The current market cap of the company is Rs. 120626.80 crore.

The promoters holding in the company stood at 69.94%, while Institutions and Non-Institutions held 24.04% and 6.02% respectively.

Adani Energy Solutions (AESL) has executed Share Purchase Agreement (SPA) with PFC Consulting for acquiring 100% Equity Shares of Jamnagar Transmission (JTL). 

JTL Projects includes Establishment of 2x1500 MVA 765/400 kV Jamnagar (GIS) PS with 2x330 MVAR 765 kV bus reactor and 2x125 MVAR 420 kV bus reactor, setting up of around 330 km (941 ckm) transmission line and ±400 MVAr STATCOM with 3x125 MVAr MSC & 2x125 MVAr MSR at Jamnagar 400kV Bus section. This acquisition is proposed to further AESL’s strategy for enhancing value for its shareholders through organic as well as inorganic opportunities.

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

1261.40 2.20 (0.17%)
20-Apr-2026 16:59 View Price Chart
Peers
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