Adani Transmission said the deal fully finances under-construction transmission projects in four SPVs in Gujarat and Maharashtra to establish green corridor and strengthen the overall grid Adani Transmission has raised $700 million to finance its under-construction power transmission asset portfolio. “This deal fully finances the under-construction transmission projects in four SPVs in Gujarat and Maharashtra […]
NTPC keen to buy Reliance Group’s Delhi power distribution units
The Reliance Group, controlled by Anil Ambani, has been looking to cut debt by selling stakes in some of its companies. It sold its Mumbai electricity distribution business to Adani Transmission in 2018 CHENNA: India’s largest electricity generator NTPC Ltd said it was interested in buying a majority stake in Reliance Group’s power distribution assets […]
Adani Transmission Saw Robust FY’20 with 50% EBITDA Growth and 26% Growth in PAT at Consolidated Level
Owing to AEML’s reduction in consumption in Q4 FY20 and renance costs and repayments costs (one-time in nature) incurred in Q4FY20, the consolidated EBITDA registered 2% growth and 1% growth in PBT FY20 – Operational: Transmission availability maintained at 99.76% Transmission line of 129 ckt kms got operational Won 6 new transmission projects including Mumbai […]
Adani Transmission receives LoI for transmission project in Gujarat
Adani Transmission has received the LOI from REC Transmission Projects Company (a wholly owned subsidiary of REC) to build, own, operate and maintain the transmission project in the state of Gujarat for a period of 35 years. The project “WRSS XXI (A) Transco Limited” consists of approximately 272 ckt kms of 765kV line and 3000 […]