Adani Power Options will get two new transmission tasks, whole orders improve to Rs 54700 crore – INA NEWS

Adani Power Options share: Adani Power Options Restricted (AESL), India’s largest electrical energy transmission and distribution firm, has received two new transmission tasks. With this the order guide of the corporate has elevated to Rs 54700 crore. That is greater than 3 times the orders obtained in the beginning of the present monetary yr 2024-25. Final Friday, an increase of 1.69 p.c was seen within the firm’s shares and the inventory closed at Rs 805.65 on BSE. The market cap of the corporate is Rs 96781 crore.

Adani Power Options will get two new transmission tasks value Rs 28455 crore

Funding banking firm Jefferies mentioned in a report that Adani Power received two new transmission tasks value Rs 28,455 crore associated to renewable power parks in Rajasthan within the October-December quarter. These embrace the Rs 25,000 crore Bhadla-Fatehpur HVDC undertaking, which is AESL’s greatest order until date. These orders have elevated the corporate’s market share in TBCB (Tariff-Primarily based Aggressive Bidding) to 24 p.c from 17 p.c within the second quarter.

Adani Power Options now has order guide value Rs 54700 crore

AESL’s present order guide now stands at Rs 54700 crore, in comparison with Rs 17000 crore in the beginning of the present monetary yr. That is the very best order guide amongst all personal sector transmission firms. Through the quarter the corporate commissioned one transmission line, including greater than 1000 circuit kilometers to its community, with a metamorphosis capability of 26485 cKM and 84286 MVA. By December 2023, these had been 20422 cKM and 54661 MVA.

In distribution, the corporate provides electrical energy to greater than 30 lakh clients in Mumbai Metropolitan and Mundra SEZ areas. Through the quarter, the Mumbai market noticed a 3 per cent year-on-year progress in energy gross sales to 2.57 billion items, whereas the Mundra market noticed a 30 per cent progress to 236 million items. The corporate has utilized for parallel distribution license in Navi Mumbai, Kutch and Ghaziabad-Jewar-Bulandshahr area.

Disclaimer: The knowledge offered right here is for info solely. It is very important point out right here that investing available in the market is topic to market dangers. As an investor, all the time seek the advice of an professional earlier than investing cash. Moneycontrol by no means advises anybody to take a position cash right here.