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20 June, 2019 03:25 IST
Adani Transmission receives LoI for Uttar Pradesh project
Source: IRIS | 14 Jun, 2018, 09.33AM
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Adani Transmission (ATL), the largest private sector power transmission company operating in India has received the LOI from REC Transmission Projects Company Limited (A wholly owned subsidiary of Rural Electrification Corporation) to build, own, operate and maintain the transmission project in the state of Uttar Pradesh.

The project ''Ghatampur Transmission'' has approximately 900 ckt kms of line at voltage levels of 765 KV and 400 KV. This project is primarily being constructed to establish Transmission System for Evacuation of Power from 3X660MW Ghatampur Thermal Power Project. This project has been awarded to ATL through a Tariff Based Competitive Bidding Process.

With this win, the cumulative transmission network of ATL will reach around 12,500 ckt kms, out of which approximately 9,000 ckt kms are under operation. This is the first win for Adani Transmission in the state of Uttar Pradesh, which will help it establish as a pan India player and is also expected to bring in the benefits of economies of scale to the business in India.

Shares of the company gained Rs 2.40, or 1.68%, to trade at Rs 145.00. The total volume of shares traded was 13,605 at the BSE (9.21 a.m., Thursday).

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