Adani Transmission Ltd
Adani Transmission Ltd (ADANITRANS)

Adani Transmission Ltd (ADANITRANS)

₹3872.553.14%

Key Stats

₹3840
Day's Price Range
₹4033.9
₹1482.8
52-Week Price Range
₹4236.75
1 Month Return7.59 %
3 Month Return85.76 %
1 Year Return158.32 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 7
560.67
EPS
Rank 6
₹7
BVPS
Rank 6
₹59.3
Dividend Yield
Rank 7
ROE
Rank 8
Price To Book Ratio
Rank 7
66.18
Debt To Asset
Rank 3
0.79

Company Information

Adani Transmission Limited ATL headquartered at Ahmedabad in Gujarat India is one of the largest private sector power transmission companies in India with a presence across the western and northern regions of India. Adani Transmission Limited ATL was incorporated on 9 December 2013 to carry on the business of establishing commissioning setting up operating and maintaining electric power transmission systems. The company received certificate for commencement of business on 17 December 2013. The Company had 15 subsidiaries as on 31st March 2018. The company deals in business of purchase sale supply import distribute export or transfer / exchange and to deal as trader agent broker representative or otherwise deal in all forms of electricity and in other forms of energy from any source whatsoever both conventional and nonconventional and any other commodities products goods etc.The High Court of Gujarat vide its order dated 7 May 2015 sanctioned the Composite Scheme of Arrangement between Adani Enterprises Limited AEL Adani Ports and Special Economic Zone Limited APSEZ Adani Power Limited APL Adani Transmission Limited ATL and Adani Mining Private Limited AMPL and their respective shareholders and creditors. The Scheme with effect from 1 April 2015 inter alia provided for Demerger of the Transmission Undertaking of AEL comprising the undertaking businesses activities operations assets moveable and immoveable and liabilities pertaining to the Mundra Zerda transmission line and the investment of AEL in ATL into ATL.Upon the Scheme coming into effect and in consideration of the transfer and vesting of the Transmission Undertaking of AEL into ATL in terms of the Scheme the equity shareholders of AEL whose names appeared in the Register of Members of AEL as on the Record Date i.e. 4 June 2015 were allotted shares of ATL in the ratio of 1 one equity share of ATL for every 1 one equity share held in AEL. The equity shares of ATL so issued pursuant to the Scheme were listed and admitted for trading on BSE Limited BSE and National Stock Exchange of India Limited NSE with effect from 31 July 2015.On 25 November 2015 Adani Transmission announced that the company has acquired 3 three Wholly Owned Subsidiaries of PFC Consulting Limited a Wholly Owned Subsidiary of Power Finance Corporation Limited viz. ChhattisgarhWR Transmission Limited for System Strengthening for IPPs in Chhattisgarh and other Generation Projects in Western Region Sipat Transmission Limited for Additional System Strengthening for Sipat STPS and RaipurRajnandgaonWarora Transmission Limited Additional System Strengthening Scheme for Chhattisgarh IPPs PartB. The company has acquired these three companies from PFC Consulting Limited PFCCL pursuant to competitive bidding process carried out by PFCCL. With these new acquisitions and upon completion of these projects ATLs transmission network will increase from 5051 Ckt Km to 6435 Ckt Km.On 8 July 2016 Adani Transmission announced that it has acquired 100 equity share capital of an SPV company North Karanpura Transco Limited NKTL a wholly owned subsidiary of REC Transmission Projects Company Limited RECTPCL pursuant to competitive bidding process carried out by RECTPCL. NKTL was incorporated in November 2015 by RECTPCL to establish transmission system for immediate evacuation for North Karanpura generation project of NTPC along with creation of 400/220KV substation at Dhanbad Jharkhand on BOOM basis.On 26 July 2016 Adani Transmission announced that it has signed a Purchase Agreement with Credit Suisse AG Singapore branch for its Indian rupee denominated Masala bond of Rs 500 crore with coupon of 9.1.On 5 October 2016 Adani Transmission announced the signing of Binding Term Sheet with Reliance Infrastructure Ltd. RInfra to acquire interstate operational transmission assets viz. 100 stake of Western Region Strengthening System Scheme B WRSSS B around 2089 ckt kms 100 stake of Western Region Strengthening System Scheme C WRSSS C around 974 ckt kms and 74 shares of RInfra in Parbati Koldam Transmission Company Limited PKTCL. PKTCL is a joint venture between RInfra and Power Grid Corporation of India Limited PGCIL. RInfra holds 74 equity stake and PGCIL holds 26 equity stake in the company around 458 ckt kms. On 7 December 2016 Adani Transmission announced that it has executed Share Purchase Agreement SPA with RInfra for acquisition of RInfras WRSSS transmission assets of approximately 3100 ckt kms.On 7 October 2016 Adani Transmission Ltd ATL announced the acquisition of 74 shares of Maru Transmission Service Company Limited MTSCL and 49 shares of Aravali Transmission Service Company Limited ATSCL. While payment has been made for 100 stake in both the companies the remaining stake in both the companies will be transferred to ATL in a manner consistent with the Transmission Service Agreement. This acquisition is in sync with ATLs strategy to enhance the value for its stakeholders through organic as well as inorganic growth. Earlier on 1 July 2016 Adani Transmission announced that it has signed definitive agreement with GMR Energy Ltd. to acquire 74 Equity Shares of Maru Transmission Service Company Limited MTSCL with an option to acquire 100 in a manner consistent with Transmission Service Agreement and applicable consents. On the same it also announced signing definitive agreement with GMR Energy Ltd. to acquire 49 Equity Shares of Aravali Transmission Service Company Limited ATSCL with an option to acquire 100 in a manner consistent with Transmission Service Agreement and applicable consents. MTSCL operates 400 KV S/C BikanerDeedwana transmission line and 2X315 MVA 400/220 KV grid substation at Deedwana and other associated works in Rajasthan. ATSCL operates 400 KV S/C HinduanAlwar transmission line and 2X315 MVA 400/220 KV grid substation at Alwar and other associated works in Rajasthan. On 3 April 2017 Adani Transmission Ltd ATL announced that it has received the 3 LOIs from Rajasthan Rajya Vidyut Prasaran Nigam Limited RVPN to construct own operate and maintain three transmission projects in the state of Rajasthan. The projects namely Hadoti Transmission Company Limited PPP8 Barmer Transmission Company Limited PPP 9 and Thar Transmission Company Limited PPP10 collectively have approximately 350 Ckt kms of lines and 16 substations with transformation capacity of approx. 600 MVA at voltage level of 132/220 KV. These assets were awarded through a Tariff Based Competitive Bidding Process. With these Projects ATL will strengthen its existing significant presence in Rajasthan with 2 operational transmission projects i.e. Aravali Maru transmission company Ltd and Suratgarh Bikaner project which is under construction.On 5 August 2017 Adani Transmission Ltd ATL announced that the company has acquired 100 equity share capital of two SPV companies namely Barmer Power Transmission Service Limited BPTSL and Thar Power Transmission Service Limited TPTSL from Rajasthan Rajya Vidyut Prasaran Nigam Limited RVPN on 4 August 2017 pursuant to competitive bidding process carried out by RVPN. These two SPV companies were incorporated in June 2016 by RVPN for development of 132 KV grid substations along with associated transmission lines and associated schemes/works on PPP mode.On 14 August 2017 Adani Transmission Ltd ATL announced that it has acquired 100 equity share capital of SPV company namely Hadoti Power Transmission Service Limited HPTSL from Rajasthan Rajya Vidyut Prasaran Nigam Limited RVPN on 11 August 2017 pursuant to competitive bidding process carried out by RVPN. HPTSL was incorporated in May 2016 by RVPN for development of 220 KV and 132 KV grid substations along with associated transmission lines and associated schemes/works on PPP mode.On 1 November 2017 Adani Transmission Ltd ATL announced that it has completed the acquisition of 100 stake of Western Region Transmission Maharashtra WRTM project and Western Region Transmission Gujarat WRTG project having operational transmission lines aggregating 3063 ckt kms with deal valued at about Rs 1000 crore. With these acquisitions ATL attains a new milestone of 8500 ckt kms of transmission lines in operation. On 21 December 2017 Adani Transmission ATL announced that it has signed a binding Share Purchase Agreement SPA to acquire the Mumbai Generation Transmission and Distribution GTD business from Reliance Infrastructure. Adani Transmission has valued the business at a total consideration of Rs 12101 crore. In addition the Regulatory Assets approved to the extent of Rs 1150 crore for the period 1 April 2018 to 31 March 2019 will be to the account of the Seller. The GTD business caters to about 3 million customers making it the countrys largest private sector integrated power utility entailing about 1892 MW of power distribution along with generation facilities 500 MW thermal coal based and over 540 ckt kms of transmission network. The proposed transaction will mark ATLs foray into distribution space and also strengthen Adani Transmissions footprint in the power transmission sector. With this acquisition apart from largest distribution network the cumulative transmission network of ATL will reach around 12000 ckt kms out of which approximate 9540 ckt kms are under operation including about 1000 ckt kms under process of acquisition and approximate 2350 ckt kms under various stages of construction. The transformation capacity of ATL will increase to 19200 MVA from 36 substations Including 8 EHV Substations under acquisition spread across the country.On 15 March 2018 Adani Transmission ATL announced that it has acquired 100 equity share capital of FatehgarhBhadla Transmission Limited FBTL from PFC Consulting Limited PFCCL on 14 March 2018 pursuant to tariff based competitive bidding process carried out by PFCCL. FBTL was incorporated in December 2016 by PFCCL to establish transmission system for Ultra Mega Solar Park in Fatehgarh District Jaisalmer Rajasthan.
OrganisationAdani Transmission Ltd
HeadquartersAhmedabad
IndustryPower Generation & Distribution