Business

Adani Transmission Ltd. Consolidated Results for Q3 FY20

February 14, 2020

779

Strong Q3 Performance with

Operational EBITDA of Rs. 1,114 crore, up 37%,

and Consolidated PAT of Rs. 204 crore, up 32% yoy

Strong operational performance with highest order Availability in Transmission business

Ahmedabad, February 13, 2020: Adani Transmission Ltd. (“ATL”), part of the Adani Group, today reported its results for Q3 FY20 and 9M FY20.

**Online Internship with Certification**

Important Announcement – EasyShiksha has now started Online Internship Program “Ab India Sikhega Ghar Se”

**How EasyShiksha Internship/Training Program Works**

Top Courses in Computer Science Engineering

Top Courses in Virtual Reality

More Courses With Certification

KEY HIGHLIGHTS

Financial Performance for Q3 FY20:
- Consolidated Operational EBITDA of Rs. 1,114 crores, up 37% yoy
- Consolidated PAT of Rs. 204 crores, up 32% yoy
- Transmission Business: Operational EBITDA of Rs. 627 crores, up 21%. Strong EBITDA Margin of 92.3%
- Distribution Business: Operational EBITDA of Rs. 487 crores, up 65%
Financial Performance for 9M FY20:
- Consolidated Operational EBITDA of Rs. 3,395 crores, up 71% yoy
- Consolidated PAT of Rs. 648 crores, up 57% yoy
- Transmission Business: Operational EBITDA of Rs. 1,864 crores, up 22%. Strong EBITDA Margin of 92.2%
- Distribution Business: Operational EBITDA of Rs. 1,530 crores. (AEML was acquired on 29^th August, 2018 and included in the company financials from 1^st Sept. 2018)
Business Highlights for Q3 FY20:
- Received a Letter of Intent (LOI) for Transmission Project bid under TBCB in Maharashtra, from MSETCL for the Project “400 KV Kharghar Vikhroli Transmission Private Limited”. This will be first ever 400KV substation facility in the city of Mumbai.
- Company has signed Share Purchase Agreements with REC Transmission Projects Company Limited on 13th November, 2019 for acquisition of its entire stake in LBTL and JKTL.
- With the completion of the ongoing projects, ATL’s total network will be approx. 14,738 ckt kms
ATL has completed transaction of 25.1% stake sale in AEML with QIA on 10 February, 2020.

The total QIA investment in AEML is approximately Rs. 3,220 Crore (approximately USD 452 million), which includes equity consideration of approximately Rs. 1,210 Crore (approximately USD 170 million) and shareholder subordinated debt of USD 282 million (approximately Rs. 2,010 Crore).

Adani Transmission circles up first ever US private placement (USPP) for USD 310 million for 7 stapled assets* in February 2020
- First US private placement from India for over a decade
- This is 30 year amortizing bond priced at 5.20% coupon
- With this ATL has 10-year, 17-year and 30-year paper in the market
- Adani Transmission’s inaugural US private placement
- The underlying assets funded through USPP are rated BBB one notch higher than country rating by Fitch & Baa2 by Moody’s subject to the issue rating being capped eventually at sovereign rating of the country i.e. BBB-/ Baa2

Adani Transmission raised US$500mn 144A /RegS bond at 4.25% coupon amortizing over 16.5 years tenure.

AEML# completes first ever USD bond issuance by a private integrated utility from India, raising USD 1 Billion in February 2020.
- First USD Bond issuance by a private integrated utility player from India
- Largest single tranche issuance by an Adani Group Company
- This is 10-year paper with a bullet maturity priced at 3.949%
- Instruments carry a rating of Baa3/BBB- by Moody’s & Fitch Ratings, first ever investment grade rated DISCOM in India

Key Financials:

AEML was acquired on 29 August, 2018 and included in the company financials from 1 Sept 2018

Notes:

*7 stapled assets include CWRTL, RRWTL, STL, ATRL, PPP-8, PPP-9 and PPP-10

#AEML is the licensee for an integrated power distribution, transmission and generation business that currently serves more than 3 million consumers across a license area of approximately 400 square kilometers in the city of Mumbai, the world’s seventh largest city by size of population. AEML’s market share of Mumbai is approximately 87% by license area, 67% by consumers served and 55% by electricity supplied.

Online Certification

Online Test Series

Career Helper

EasyShiksha TV

Top Courses in Computer Science Engineering
Top Courses in Software Engineering

Loading...

Introduction to Salesforce
Become a Software Tester
SAP for Beginners
Zero to Hero in Django Python Framework
Quality Assurance (QA) Class
Build Mobile Application using Ionic & Firebase
The Complete Software Testing Bootcamp : Zero to Hero in Software Testing

The Complete IT Job Search Course - Land Your Dream IT Job

Learn ITIL Service Management

Essentials of Unix Operating System

Freed Camp as a Project and or Test management Tool

Introduction to Rally Test Management Tool

Introduction to Azure DevOps Server

Testing using SOAP UI

HP Application Life Cycle Management (HP ALM)

More Courses With Certification

Acronyms – LBTL: Lakadia Banaskantha Transco Limited; JKTL: Jam Khambaliya Transco Limited TBCB: Tariff Based Competitive Bidding; AEML: Adani Electricity Mumbai Limited; MSETCL: Maharashtra State Electricity Transmission Company Limited; USPP: United State Private Placement.

Speaking on the performance of the company, Mr. Gautam Adani, Chairman, Adani Group, said, “There is abundant potential and significant growth in India’s transmission sector in the coming years. With the government core focus towards the objective of 24×7 Power for all, Adani Transmission Limited with its widespread network and continuous growth looks forward to expand its business at large. We are increasingly working towards building strong relations between India and other countries via acquisitions and partnerships to ensure improvisation in reliability of power supply and consumer satisfaction in our services. Adani Transmission is striving towards nation building and fueling sustainability and we will continue to explore opportunities for growth by leveraging our strong transmission network”

Mr. Anil Sardana, MD & CEO, Adani Transmission Ltd, said, “Adani Transmission delivered robust financial performance in Q3, with operational EBITDA of Rs. 1,114 crores, up 37%, and consolidated PAT of Rs. 204 crores, up 32% yoy. This was strongly driven by superlative operational performance. With a growing economy, the demand for power has also increased rapidly over the years and with these growth, coupled with Make in India and Smart Cities will further drive power industry at large. Toward this effort, ATL’s focus in FY20 has been in strengthening long-partnerships, expanding our grid network and enhancing customer centricity by supplying power to deficit parts of the country. Our recent acquisitions will make us the country’s largest private sector transmission company in India. Through leveraging technology, innovation and commitment to transmitting bulk green power, we always make efforts to deliver and fuel country’s power demands”

About Adani Transmission Ltd.

Adani Transmission (ATL) is the transmission and distribution (T&D) business arm of the Adani Group, one of India’s largest business conglomerates. It is the country’s largest private transmission company with a cumulative transmission network of more than 14,738 ckt kms, out of which more than 11,477 ckt kms is operational. This includes around 3,261 ckt kms in 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 coming years, Adani Transmission is fully geared to create a strong and reliable power transmission network and work actively towards achieving ‘Power for All’ by 2022.

Top Courses in Computer Science Engineering

Top Courses in Networking

More Courses With Certification

Empower your team. Lead the industry

Get a subscription to a library of online courses and digital learning tools for your organization with EasyShiksha

Request Now

Frequently Asked Questions

Q.Are EasyShiksha's internships truly free?

Yes, all internships offered by EasyShiksha are completely free of charge.

Q.How can I apply for an internship with EasyShiksha?

You can apply for an internship with EasyShiksha by visiting our website and browsing through the available internship opportunities. Once you find a suitable internship, simply follow the application instructions provided.

Q.What types of internships are available through EasyShiksha?

EasyShiksha offers a wide range of internships across various industries and disciplines, including but not limited to technology, business, marketing, healthcare, and more. We continuously update our internship offerings to provide diverse opportunities for our users.

Q.Will I receive a certificate upon completing an internship?

Yes, upon successful completion of an internship with EasyShiksha, you will receive a certificate recognizing your participation and achievements during the internship period.

Q.Are EasyShiksha's internship certificates recognized by universities and employers?

Yes, EasyShiksha's internship certificates are recognized and valued by universities, colleges, and employers worldwide. They serve as a testament to your skills, knowledge, and experience gained through our internship programs.

Q.Is the download of certificates free or paid?

While access to internships and all courses on EasyShiksha is free for users lifetime, there is a nominal operational cost associated with downloading certificates. This fee covers the administrative expenses involved in processing and issuing the certificates.

Q.When can I start the course?

Anyone can choose a preferred course and start immediately without any delay.

Q.What are the course and session timings?

As this is a purely online course program, you can choose to learn at any time of the day and for as much time as you want. Though we follow a well-established structure and schedule, we recommend a routine for you as well. But it finally depends on you, as you have to learn.

Q.What will happen when my course is over?

If you have completed the course, you would be able to have lifetime access to it for future reference too.

Q.Can I download the notes and study material?

Yes, you can access and download the content of the course for the duration. And even have lifetime access to it for any further reference.

Q. What software/tools would be needed for the course and how can I get them?

All the software/tools that you need for the course would be shared with you during the training as and when you need them.

I’m unable to make a payment. What to do now?

You can try to make the payment through a different card or account (maybe a friend or family). If the problem persists, email us at info@easyshiksha.com

Q. Do I get the certificate in a hard copy?

No, only a soft copy of the certificate will be awarded, which can be downloaded and printed, if required.

Q. The payment got deducted, but the updated transaction status is showing “failed”. What to do now?

Due to some technical faults, this can happen. In such a case the amount deducted will be transferred to the bank account in the next 7-10 working days. Normally the bank takes this much time to credit the amount back into your account.

Q. The payment was successful but it still shows ‘Buy Now’ or not showing any videos on my dashboard? What should I do?

At times, there may be a slight delay in your payment reflecting on your EasyShiksha dashboard. However, if the problem is taking longer than 30 minutes, please let us know by writing to us at info@easyshiksha.com from your registered email id, and attach the screenshot of the payment receipt or transaction history. Soon after verification from the backend, we will update the payment status.

Q. What is the refund policy?

If you have enrolled, and are facing any technical problem then you can request a refund. But once the certificate has been generated, we shall not refund that..

Q.Can I just enrol in a single course?

Yes! You surely can. To begin this, just click the course of your interest and fill in the details to enrol. You are ready to learn, once the payment is made. For the same, you earn a certificate too.