Adani Transmission has signed definitive agreements with Kalpataru Power Transmission (KPTL) on 5 July 2020 for acquisition of Alipurduar Transmission (APTL) in a manner consistent with Transmission Service Agreement and applicable consents.

Alipurduar Transmission operates transmission lines aggregating to around650 ckt kms in West Bengal and Bihar. The project was awarded throughcompetitive bidding process on a build, own, operate, maintain basis. Element 1 of the project consisting of the transmission line from Alipurduar to Siliguri was commissioned on 20 Jan 2020 and Element 2 of the project consisting of the transmission line from Kishanganj to Darbhanga was commissioned on 6 Mar 2019.

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Adani Transmission has signed Share Purchase Agreement withMaharashtra State Electricity Transmission Company on 25 June, 2020 for acquisition of its entire stake in Kharghar Vikhroli Transmission (KVTPL).

KVPTL Project comprises of approximately 34 km of 400 kV and 220 kV transmission lines along with 1500 MVA 400kV GIS Substation at Vikhroli in Mumbai. This project is critical to the city of Mumbai as the existing capacity of transmission corridor is not sufficient to carry further power into the city. This project would enable additional power to be brought into Mumbai and would thus help in meeting the future demand of the city.

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Adani Transmission Ltd gained for a fifth straight session today. The stock is quoting at Rs 205.1, up 1.16% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 2.09% on the day, quoting at 9764.15. The Sensex is at 33042.23, down 2.19%. Adani Transmission Ltd has risen around 10.39% in last one month.

Meanwhile, Nifty Energy index of which Adani Transmission Ltd is a constituent, has risen around 11.75% in last one month and is currently quoting at 13855.75, down 1.48% on the day. The volume in the stock stood at 10.75 lakh shares today, compared to the daily average of 18.22 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending March 20.

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Adani Transmission Ltd is up for a third straight session in a row. The stock is quoting at Rs 205.45, up 3.87% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 1.29% on the day, quoting at 9986.15. The Sensex is at 33801.75, down 1.3%. Adani Transmission Ltd has risen around 6.31% in last one month.

Meanwhile, Nifty Energy index of which Adani Transmission Ltd is a constituent, has risen around 9.34% in last one month and is currently quoting at 13954.3, down 0.77% on the day. The volume in the stock stood at 32.42 lakh shares today, compared to the daily average of 13.48 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending March 20.

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