Adani Energy Solutions inches up on commissioning Khargar-Vikhroli transmission line
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Adani Energy Solutions is currently trading at Rs. 809.25, up by 0.25 points or 0.03% from its previous closing of Rs. 809.00 on the BSE.
The scrip opened at Rs. 815.05 and has touched a high and low of Rs. 816.65 and Rs. 807.30 respectively. So far 18643 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3420.25 on 03-Oct-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. 844.60 and Rs. 800.70 respectively. The current market cap of the company is Rs. 90472.03 crore.
The promoters holding in the company stood at 68.28%, while Institutions and Non-Institutions held 23.47% and 8.25% respectively.
Adani Energy Solutions has commissioned the Khargar-Vikhroli transmission line to supply an additional 1,000 MW of power to Mumbai city. Built by Adani Energy Solutions (earlier known as Adani Transmission), the energy solution, transmission and distribution arm of the Adani portfolio, the project is critical for Mumbai as the existing capacity of the transmission corridor is not sufficient to carry further power into the city.
With this project’s commissioning, Mumbai gets a 400 KV grid within its municipal geography, bringing enhanced import capability within its electricity grid and improving reliability and stability. For consumers, it provides that much more sustainability to commuting through bullet trains, Metro Rail and city railways, as also for commercial and residential establishments.
Adani Energy Solutions (formerly known as Adani Transmission) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates.
