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Adani Transmission Ltd surpassed the other group company Adani Port and Special Economic Zone (SEZ) to become the second most valuable of the Gautam Adani-led Adani Group companies.
With Rs 1.60 trillion market capitalisation (market-cap), Adani Transmission replaced Adani Port & SEZ, which has market-cap of Rs 1.57 trillion, at 11:13 am; the BSE data shows. Adani Green Energy is the most valuable Adani Group company with market-cap of Rs 2.01 trillion, data shows.
Adani Transmission Limited (ATL) is the transmission and distribution business arm of the Adani Group, one of India’s largest business conglomerates. ATL is the country’s largest private transmission company with a cumulative transmission network of around 17,200 ckt km, out of which around 12,350 ckt km is operational and around 4,850 ckt km is at various stages of construction.
ATL also operates a distribution business serving about 3 million+ customers in Mumbai. With India’s energy requirement set to quadruple in the coming years, ATL is fully geared to create a strong and reliable power transmission network and work actively towards serving retail customers and achieving ‘Power for All’ by 2022.
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