Adani Transmission Ltd gained 4.11% today to trade at Rs 3248.8. The S&P BSE Power index is up 2.02% to quote at 4688.21. The index is down 8.9 % over last one month. Among the other constituents of the index, Adani Green Energy Ltd increased 3.72% and ABB India Ltd added 1.75% on the day. The S&P BSE Power index went up 43.09 % over last one year compared to the 3.02% fall in benchmark SENSEX.

Adani Transmission Ltd has lost 15.89% over last one month compared to 8.9% fall in S&P BSE Power index and 2.21% drop in the SENSEX. On the BSE, 510 shares were traded in the counter so far compared with average daily volumes of 48482 shares in the past one month. The stock hit a record high of Rs 4238.55 on 16 Sep 2022. The stock hit a 52-week low of Rs 1516.35 on 04 Oct 2021.

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Adani Transmission Ltd gained 2.68% today to trade at Rs 4200. The S&P BSE Utilities index is up 0.67% to quote at 4352.68. The index is up 4.86 % over last one month. Among the other constituents of the index, NHPC Ltd increased 1.94% and Adani Power Ltd added 1.52% on the day. The S&P BSE Utilities index went up 54.71 % over last one year compared to the 0.41% fall in benchmark SENSEX.

Adani Transmission Ltd has added 15.35% over last one month compared to 4.86% gain in S&P BSE Utilities index and 1.46% drop in the SENSEX. On the BSE, 4.26 lakh shares were traded in the counter so far compared with average daily volumes of 24239 shares in the past one month. The stock hit a record high of Rs 4238.55 on 16 Sep 2022. The stock hit a 52-week low of Rs 1474 on 29 Sep 2021.

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AEJL will carry on the business of transmission, distribution and supply of power and other infrastructure services relating thereto.

AEJL will commence its business operations in due course,” Adani Transmission said in a statement.

Adani Transmission (ATL) is the transmission and distribution business arm of the Adani Group. ATL is the country's largest private transmission company with a cumulative transmission network of approximately 18,795 ckm, out of which approximately 14,651 ckm is operational and approximately 4,064 ckm is at various stages of construction.

The company's consolidated net profit declined 61.1% to Rs 168.46 crore despite of 22% increase in revenue to Rs 3,049 crore in Q1 FY23 over Q1 FY22.

Shares of Adani Transmission rose 0.28% to Rs 4017 on the BSE.

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Adani Transmission Step-Two, a Wholly Owned Subsidiary (WOS) of Adani Transmission has incorporated its WOS in the name of Adani Transmission Mahan (ATML) on 5 September 2022 with an initial authorised and paid-up capital of Rs.1,00,000/- each to, inter alia, carry on the business of transmission, distribution and supply of power and other infrastructure services relating thereto. ATML will commence its business operations in due course.

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