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