Adani Energy Solutions gains on commissioning largest Inter-regional 765 KV Warora-Kurnool Transmission line
Adani Energy Solutions is currently trading at Rs. 764.35, up by 5.30 points or 0.70 % from its previous closing of Rs. 759.05 on the BSE.
The scrip opened at Rs. 760.10 and has touched a high and low of Rs. 777.00 and Rs. 759.40 respectively. So far 16000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3385.30 on 01-Nov-2022 and a 52 week low of Rs. 630.00 on 01-Mar-2023.
Last one week high and low of the scrip stood at Rs. 793.70 and Rs. 755.75 respectively. The current market cap of the company is Rs. 85379.81 crore.
The promoters holding in the company stood at 73.22 % while Institutions and Non-Institutions held 21.60 % and 5.17 % respectively.
Adani Energy Solutions (AESL) has commissioned largest Inter-regional 765 KV Warora-Kurnool Transmission line, spanning 1,756 circuit kilometers across Maharashtra, Telangana, and Andhra Pradesh. The project will strengthen the national grid to ensure seamless power flow of 4500 MW between Western region and Southern region. It will strengthen southern region grid and support large-scale integration of generation from renewable energy sources.
Warora Kurnool Transmission (WKTL) was incorporated in April, 2015 to establish an additional inter-regional alternate current link for import into southern region, i.e., Warora-Warangal and Chilakaluripeta-Hyderabad-Kurnool, along with the creation of a 765/400 kV sub-station in Warangal. WKTL is the largest 765 kV D/C (Hexa conductor) TBCB (tariff-based competitive bidding) project ever awarded under a single scheme.
Adani Energy Solutions (formerly known as Adani Transmission) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates.