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Shares of Adani Transmission (ATL) rose 5 per cent to Rs 1,187.60, also its new high, on the BSE in intra-day trade on Friday after the company’s consolidated profit after tax jumped over four-fold at Rs 257 crore in March quarter (Q4FY21). The transmission and distribution business arm of the Adani Group had posted profit of Rs 59 crore in the year-ago quarter. The stock surpassed its previous high of Rs 1,147, touched on April 6. The company’s revenue during the quarter under review grew 3 per cent at Rs 2,276 crore from Rs 2,220 crore. The operational Ebitda (earnings before interest, taxes, depreciation, and amortisation) jumped 18 per cent to Rs 1,034 crore over the previous year quarter. Operating Ebitda margin improved 600 basis points (bps) to 45.43 per cent from 39.41 per cent. ....
Adani Transmission Limited, India’s largest electricity transmission company in the private sector, today announced a cash profit of Rs 2,929 crore in the fiscal 2021, up 45 per cent year-on-year, and a profit after tax of Rs 1,290 crore, up 82 per cent. For the fourth quarter, the company’s cash profit was Rs 639 crore, a rise of 51 per cent and PAT was up 333 per cent YoY to Rs 257 crore. The company’s revenue for the fiscal 2021 was, however, down by 14 per cent to Rs 8,840 crore on a consolidated basis. This was mainly due to lower revenue contribution from distribution business which was impacted by lower electricity consumption in the commercial and industrial segment in the first half of FY21, when India announced a nationwide lockdown to control Covid-19 pandemic. ....
K E C International (KEC) has signed project/ novation agreements with Warora-Kurnool Transmission (WKTL), a subsidiary of Adani Transmission (ATL) for Rs. 477 crore to complete the balance work of the Transmission lines in the states of Andhra Pradesh, Maharashtra and Telangana and release of the earlier dues of this project. The execution of these transmission lines is expected to commence shortly. ATL had signed agreements with Essel Infraprojects (EIL) on 26 March 2021 for acquisition of WKTL Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, ....
KEC International has signed project/ novation agreements with Warora-Kurnool Transmission Limited (WKTL) for Rs. 477 crore to complete the balance work of the Transmission lines. WKTL is a subsidiary of Adani Transmission Limited (ATL). KEC International has signed project/ novation agreements with Warora-Kurnool Transmission Limited (WKTL) for Rs. 477 crores to complete the balance work of the Transmission lines in the states of Andhra Pradesh, Maharashtra and Telangana and release of the earlier dues of this project. The execution of these transmission lines is expected to commence shortly. ATL had signed agreements with Essel Infraprojects (EIL) on March 26, 2021 for acquisition of WKTL. ....
Adani Becomes 3rd Indian Company To Cross $100 Billion In Market Capitalisation thelinkpaper.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelinkpaper.ca Daily Mail and Mail on Sunday newspapers.