Skip to content
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News
The Medium News

The Medium News

  • Home
  • India
    • National
    • Regional News
  • Business
  • Education
  • LifeStyle
    • Fashion & Beauty
    • Food
    • Health & Fitness
    • Travel
  • Tech
    • Apps News
    • Gadgets
  • Automobiles
  • Sports
  • Entertainment
  • More
    • Agriculture
    • astrology
    • Environment
    • Finance/Money
    • Religion
    • Science
    • Social Work
    • Wow Personality
  • Toggle search form
Adani Transmission Becomes Adani Group’s 2nd Most Valuable Stock

Adani Transmission Becomes Adani Group’s 2nd Most Valuable Stock

Posted on June 9, 2021 By The Medium News No Comments on Adani Transmission Becomes Adani Group’s 2nd Most Valuable Stock

New Delhi : Adani Transmission Ltd (ATL) recently registered Rs 1.60 trillion market capitalization, becoming the second most valuable stock among the 6 listed entities in the Adani Group. The power transmission and distribution company, a subsidiary of the Gautam Adani-led conglomerate did very well for itself, with its shares hitting Rs 1,455.20 at the Bombay Stock Exchange (BSE).

This meteoric rise comes in the backdrop of its massive transmission networks and power distribution business. Adani Transmission is India’s largest private transmission company with over 17,200 ckt km of power transmission length and a transformation capacity of around 30,000 MVA. Incidentally, ATL is also India’s first private entity to own a High Voltage Direct Current (HVDC) line, which was installed as a part of a contract awarded by Adani to Siemens.

The company also owns the Mumbai’s power distribution business, serving about 3 million consumers in an area of approximately 400 square km. ATL is all set to build on this business by installing an HVDC transmission link to connect Mumbai’s outskirts to its licensed operating area. The project was earmarked as priority after the October 12, 2020 power outage which plunged Mumbai and its neighboring areas into darkness.

The planned HVDC project is also in line with the Centre’s vision of achieving ‘Power For All’ by 2020. ATL will draw on the experience and lessons learnt during the construction of Adani’s first HVDC line, whose contract was awarded to Siemens. The result of this Adani Siemens contract was the Mundra-Mohindergarh HVDC line – the first ever private transmission link in India.

Siemens, which by then had valuable experience in setting up such links, was contracted by Adani to make the project a success. It also conducted lectures and on-site training which contributed to smooth completion of the project. The lessons learnt from the Adani Siemens project will certainly be applied by ATL in Mumbai.

India’s power demand is set to quadruple in the coming years, with metropolitan cities being the highest consumers. This will raise private entities like ATL to the pedestal and make them valuable facilitators of power transmission in India.

Business Tags:Adani, Adani Siemens, Adani Transmission Ltd, Siemens

Post navigation

Previous Post: Bollywood Actor Aamir Khan Will Face Off Against Viswanathan Anand for Akshaya Patra
Next Post: New technique to detect tropical cyclones earlier than satellites

More Related Articles

Custom home construction company jade homes Founder of Jade Homes Arnab Ghosh made home construction easy and in your control Business
Elante Group Launches USD 5 mn premium housing project in Gurugram Business
Greenfuel Electronics has launched the first-ever compact, lightweight and easy-to-use Tyre Inflator & Puncture Repair Kit Business
Partho Dasgupta talks about the growing popularity of social media influencers as a news source Business
Sakif Shamim Person of the Year Business
Top 6 Influential personalities who are making India proud by Probox media Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

  • Greenfuel Electronics has launched the first-ever compact, lightweight and easy-to-use Tyre Inflator & Puncture Repair Kit
  • M Venkaiah Naidu Blessed Students of Asian Education Group
  • Child Help Foundation Organized Activities and Campaigns for the Upliftment of women on International Women’s Day
  • Partho Dasgupta talks about the growing popularity of social media influencers as a news source
  • Sakif Shamim Person of the Year

Categories

  • Agriculture
  • Apps News
  • astrology
  • Automobiles
  • Business
  • Education
  • Entertainment
  • Environment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • LifeStyle
  • National
  • Photography
  • Politics
  • Press Release
  • Regional News
  • Religion
  • Science
  • Social Work
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World
  • Wow Personality

Recent Posts

  • Founder of Jade Homes Arnab Ghosh made home construction easy and in your control
  • Studywoo launch “One stop solution for students’ education needs”
  • Elante Group Launches USD 5 mn premium housing project in Gurugram
  • Greenfuel Electronics has launched the first-ever compact, lightweight and easy-to-use Tyre Inflator & Puncture Repair Kit
  • M Venkaiah Naidu Blessed Students of Asian Education Group

Ace Entrepreneur actor artificial intelligence author Bangalore Bengaluru Blockchain technology blogger business Content Creator COVID-19 Cryptocurrency Delhi digital marketing Dr. Jitendra Matlani DST Dubai education entrepreneur Gujarat health Hyderabad IIT Delhi Indian Institute of Science Indian Institute of Technology influencer Influencerquipo K Raheja Corp Homes model Mumbai music Music Industry NFT NGO photography real estate Research Singer Social Activist Social media social media marketing sports Surat technology TTK Prestige

Copyright © 2023 The Medium News.

Powered by PressBook Blog WordPress theme