City
Epaper

Adani Transmission's profits increase 73 per cent in December quarter

By ANI | Published: February 06, 2023 4:46 PM

Power transmission and distribution company Adani Transmission of diversified Adani conglomerate on Monday announced its earnings data for the ...

Open in App

Power transmission and distribution company Adani Transmission of diversified Adani conglomerate on Monday announced its earnings data for the October-December 2022 quarter.

The Adani group company's profit after tax rose 73 per cent on a yearly basis to Rs 478 crore during the December quarter. In the same quarter of 2021, the profits were Rs 277 crore.

Coming to consolidated revenue from operations, it increased about 16 per cent to Rs 3,037 crore versus Rs 2,623 crore reported same quarter of 2021. Its distribution revenue increased on account of a consistent uptick in energy demand.

"Adani Transmission is constantly evolving and is already a significant player in the transmission and distribution sector. ATL's growth trajectory remains firm despite the challenging macroeconomic environment. Our pipeline of projects and recently operationalised assets will further strengthen our pan-India presence and consolidate our position as the largest private sector transmission and distribution company in India," said Anil Sardana, MD of Adani Transmission.

"The journey towards a robust ESG framework and practising a culture of safety is integral to our pursuit of enhanced long-term value creation for all our stakeholders," Sardana added.

Adani Transmission is a major private transmission company, with a presence across 13 states in India and a cumulative transmission network of 18,795 circuit kilometers (ckm).

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Atlanta BravesAnil sardanaAdani transmission ltdAdani transmission
Open in App

Related Stories

PoliticsIndia-assisted solar energy to light SL's black-out declared religious sites, govt institutes

InternationalAdaniConneX seals largest data centre financing deal in India with $213mn construction financing facility

Aurangabad32 electric workers union to protest against Adani Group

MaharashtraNashik: Adani Transmission integrates Adani Electricity Nashik for distribution biz

BusinessMarket stabilises in morning trade; some Adani Group firms recover

Business Realted Stories

BusinessRudra Ecovation x AYCS: A Resounding Success in Promoting Sustainable Fashion

BusinessSanchar Saathi initiative: DoT and MHA strike down on SMS scammers

BusinessAdani Energy Solutions to raise up to Rs 12,500 crore

BusinessIndian Buyers Encouraged to Invest in Greece for Permanent Residency in Europe, at an Affordable INR 2.5 Cr Before the Regulations Change on August 31

BusinessMAAC Revolutionizes Animation and VFX Courses with Technological Advancements