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<keyword id="2687606" type="General" weightage="20" keywordseo="Adani-Transmission" source="Orion">Adani Transmission</keyword> expects strong growth opportunities through its acquisitions and improvement in the last mile connectivity. Adani Transmission is the transmission and distribution arm of the Adani Group. "Acquisition has been our very formidable growth paradigm in the transmission side and, we of course acquired the distribution business in Mumbai... (and)... the distribution business in Mundra. So, we will continue to look at various holdings of the private sector in the distribution as possible growth opportunities," Anil Sardana, the Chief Executive Officer of the company said. "We all know that in the power sector, as a country, we are doing well with the generation side... the transmission side. What we have to actually reform is the last mile. And that's where the company's presence is going to really help multiply and grow in the days ahead." The company, which generates more than two-third of its revenue from the distribution business, recognizes distribution as one of its key and core strengths. In the ninth-month ending 2021, the company quadrupled its transmission network to 3,080 circuit kilometres from 749 circuit kilometres in the same period last year. It commissioned 890 circuit kilometres at Ghatampur Transmission in Uttar Pradesh, 481 circuit kilometres at Bikaner Khetri Transmission and 292 circuit kilometres at Fatehgarh- Bhadla Transmission in Rajasthan. Apart from the key transmission assets, the company will build, own, operate and maintain the transmission project in the state of Madhya Pradesh for a period of 35 years, the company said in a statement. "One of ATL's key strengths lies in providing seamless electricity to some of the most populous regions of the nation, traversing through complex geographies. Across its network, ATL has ensured a robust transmission system availability at 99.62 per cent." Though the transmission and distribution business has a strong potential, the biggest roadblock in India's mission to provide 'Power for All' is the transmission and distribution losses. To put things in perspective, India's energy losses in transformation, transmission and distribution during the year 2019-20 was at 20.46 per cent, it said. SEE ALSO: <a href="https://www.businessinsider.in/international/news/college-dropout-gautam-adani-who-survived-a-terrorist-attack-and-a-kidnapping-is-now-asias-richest-person-with-a-88-5-billion-fortune/articleshow/89426208.cms">College dropout Gautam Adani, who survived a terrorist attack and a kidnapping, is now Asia's richest person with a $88.5 billion fortune</a> <a href="https://www.businessinsider.in/stock-market/news/power-banking-and-it-stocks-see-sharp-sell-off-on-fii-pull-out-and-as-investors-carve-out-money-for-lic-ipo/articleshow/89427072.cms">Power, banking and IT stocks see sharp sell-off on FII pull out and as investors carve out money for LIC IPO</a>

Adani Transmission is looking to boost its growth by improving last mile connectivity

<keyword id="2687606" type="PERSON" weightage="20" keywordseo="Adani-Transmission">Adani Transmission</keyword> Ltd on Thursday reported a 22 per cent rise in its consolidated net profit for the April-June quarter at Rs 433.34 crore. During the same period of the last fiscal, the company had reported a consolidated net profit of Rs 355.40 crore. Its total income during the period under review was Rs 2,935.72 crore, higher by 15.45 per cent from Rs 2,542.84 crore earned during the first quarter of FY21. In a statement, the company said that the results are a validation of strong fundamentals of Adani Transmission Ltd and reiterates reliability, responsiveness and sustainability of Adani Electricity Mumbai Ltd thus creating value for ATL. "Adani Transmission is constantly evolving and growing into a trend setting organization. ATL's recent acquisitions (<keyword id="3800290" type="PERSON" weightage="20" keywordseo="APTL">APTL</keyword> and <keyword id="11798453" type="UNKNOWN" weightage="20" keywordseo="wktl">WKTL</keyword>) and robust under construction pipeline will further bolster its <keyword id="106831" type="COMPANY" weightage="20" keywordseo="pan-India">Pan-India</keyword> presence, consolidating further its position as the largest private sector transmission company in India and moving it closer to its goal of 20,000 ckt km of transmission lines by 2022," said Anil Sardana, <keyword id="176295" type="ORGANIZATION" weightage="20" keywordseo="MD-CEO">MD &amp; CEO</keyword>, <keyword id="5283750" type="COMPANY" weightage="20" keywordseo="Adani-Transmission-Ltd-">Adani Transmission Ltd.</keyword> "ATL is maintaining 24x7 quality power supply despite challenges posed by health and pandemic issues. The journey towards robust ESG framework and practicing the culture of safety is integral to its pursuit for enhanced long-term value creation for all stakeholders," Sardana added. SEE ALSO <a href="https://www.businessinsider.in/tech/news/google-is-now-using-chrome-as-another-security-layer-for-account-sign-ins/articleshow/84975356.cms">Google is now using Chrome as an added security layer for account sign-ins</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-glenmark-life-sciences-ipo/articleshow/84978486.cms">Glenmark Life Sciences IPO: How to check allotment status, listing date and more</a>

Adani Transmission's net profit grows 22% in the June quarter, revenue up more than 15%

New Delhi, Feb 13 () Adani Transmission Ltd (ATL) on Thursday reported a 32.53 per cent rise in consolidated net profit at Rs 203.67 crore during the quarter ended December, mainly on account of lower expenses. The company had posted a net profit of Rs 153.67 crore in the year-ago period, ATL said in a BSE filing. During October-December, the company's income remained almost flat at Rs 2,835.72 crore as compared with Rs 2,834.10 in the year-ago quarter. Total expenses were lower at Rs 2,477.75 crore as against Rs 2,656.66 crore in October-December 2018. During December quarter, ATL received a Letter of Intent (LoI) for a 400 Kv power transmission project in Maharashtra, the company said in a statement. The LoI to ATL was awarded under a tariff based competitive bidding model from Maharashtra State Electricity Transmission Company Ltd (MSETCL). ATL also signed share purchase agreements with REC Transmission Projects Company Ltd in November 2019 for acquisition of its entire stake in Lakadia Banaskantha Transco Limited (LBTL) and Jam Khambhaliya Transco Limited (JKTL), the statement added. Adani Group Chairman Gautam Adani said there is huge potential and growth opportunities in India's transmission sector in the coming years. The government's core focus is also towards the objective of 24x7 power for all. "Adani Transmission Limited with its widespread network and continuous growth looks forward to expand its business at large. We are increasingly working towards building strong relations between India and other countries via acquisitions and partnerships to ensure improvisation in reliability of power supply and consumer satisfaction in our services," Adani said. ATL is the transmission and distribution (T&amp;D) business arm of Adani Group, one of India's largest business conglomerates. It is the country's largest private transmission company with a cumulative transmission network of more than 14,738 ckt kms (circuit kilometres), out of which more than 11,477 ckt kms is operational. ABI RVK

Adani Transmission Q3 net profit up 32.53 pc to Rs 204 cr

New Delhi, Feb 11 () Adani Transmission on Tuesday said it has sold 25.1 per cent stake in its arm Adani Electricity Mumbai Ltd (AEML) to Qatar Investment Authority (QIA) for approximately Rs 3,220 crore. "Qatar Investment Authority (QIA) has completed acquisition of 25.10 per cent stake in Adani Electricity Mumbai Ltd (AEML) from ATL (Adani Transmission Ltd) along with an investment in shareholder subordinated debt in AEML on 10 February, 2020," the transmission and distribution business arm of the Adani Group said in a filing to BSE. The total QIA investment in AEML is approximately Rs 3,220 crore, which includes equity consideration of approximately Rs 1,210 crore and shareholder subordinated debt of approximately Rs 2,010 crore, the filing said. The definitive agreements for the transaction were signed on December 11, 2019, and all the requisite approvals were received subsequently. AEML has recently completed an investment grade, USD 1 billion bond issuance, the first by a private integrated utility from India. The issue generated significant interest from international investors. The shares of Adani Transmission were trading at Rs 333.95 apiece on BSE, up 0.6 per cent from previous close. SID SID ANSANS

Adani Transmission sells 25.1 pc stake in arm AEML to QIA for Rs 3,220 cr

<keyword id="2688212" type="COMPANY" weightage="20" keywordseo="Adani-Transmission-Ltd">Adani Transmission Ltd</keyword> on Saturday said it has entered into a pact with <keyword id="987578" type="PERSON" weightage="20" keywordseo="Essel-Infraprojects">Essel Infraprojects</keyword> to acquire Warora-Kurnool Transmission Ltd (WKTL) for an <keyword id="174605" type="PERSON" weightage="20" keywordseo="enterprise-value">enterprise value</keyword> of ₹3,370 crore. The acquisition is in sync with <keyword id="76451" type="DOMAIN" weightage="20" keywordseo="Adani">Adani</keyword> Transmission's strategy to enhance the value for its stakeholders, through organic as well as inorganic opportunities, ATL said in a statement. ATL, India's <keyword id="11007517" type="UNKNOWN" weightage="20" keywordseo="largest-private-sector-power-transmission">largest private sector power transmission</keyword> and retail distribution company, has signed definitive agreements with Essel Infraprojects Limited (EIL) for the acquisition, it said. The regulatory approval for substitution of original awardee in the contract by ATL has already been received from the <keyword id="103658" type="COMPANY" weightage="20" keywordseo="Central-Electricity-Regulatory-Commission">Central Electricity Regulatory Commission</keyword>. The lenders consent and other necessary regulatory approvals shall be obtained before closure of transaction, the company said. With this acquisition, which is valued at an enterprise value of ₹3,370 crore, the cumulative network of ATL will reach 17,200 ckt km (circuit kilometres), out of which 12,350 ckt km is already operational and 4,850 ckt km (including this asset) is in various stages of execution. With this enhanced scale of operations, ATL will enjoy substantial benefits in terms of cost optimisation and shared resources and will also fortify its position of being the largest private sector transmission company in the country, the statement said. Anil Sardana, MD and CEO, Adani Transmission Ltd, said, "The acquisition of WKTL will bolster ATL's pan-India presence, consolidating further its position as the largest private sector transmission company in India. This strategic West to South 765 KV interconnector with Substation in Southern India, completes ATL presence in all regions of the country." This asset will not only increase ATL's size and scale but will also take ATL closer to its target of setting up 20,000 ckt km of transmission lines by 2022, he said. "The acquisition is a further demonstration of ATL's drive towards differentiated capability through inorganic growth, successful integration &amp; making such assets value accretive, for long term sustainable value creation for its stakeholders," Sardana said. Warora-Kurnool Transmission Ltd will develop, operate and maintain transmission lines aggregating to 1,750 ckt km. The 765 kV inter-state transmission line links Warora-<keyword id="6357155" type="LOCATION" weightage="20" keywordseo="warangal">Warangal</keyword> and Chilakaluripeta-Hyderabad-Kurnool with a 765/400 kV new sub-station at Warangal. The project was awarded through competitive bidding process on a build, own, operate, maintain basis. SEE ALSO: <a href="https://www.businessinsider.in/science/space/news/asteroid-apophis-wont-be-hitting-earth-for-at-least-another-century/articleshow/81719171.cms">‘God of Chaos’ asteroid Apophis won’t be crashing into Earth for at least another century</a> <a href="https://www.businessinsider.in/science/health/news/making-vaccines-available-to-indians-may-not-be-enough-it-depends-on-how-judiciously-we-employ-them/articleshow/81720507.cms">Making vaccines available to Indians may not be enough, it depends on how judiciously we employ them</a> <a href="https://www.businessinsider.in/thelife/article/madhya-pradeshs-kanha-national-park-hosts-a-special-guest-and-no-its-not-the-tiger/articleshow/81721513.cms">Madhya Pradesh’s Kanha National Park hosts a special guest. And, no, it’s not the tiger</a>

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Adani Transmission is looking to boost its growth by improving last mile connectivity

IANS

Adani Transmission's net profit grows 22% in the June quarter, revenue up more than 15%

IANS

Adani Transmission Q3 net profit up 32.53 pc to Rs 204 cr

PTI

Adani Transmission sells 25.1 pc stake in arm AEML to QIA for Rs 3,220 cr

PTI

Adani Transmission to acquire Warora-Kurnool Transmission for over ₹3,370 crore

PTI

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