Adani Transmission adds 550 circuit kilometres in Q1
₹3,700 crore during the quarter. “The near-term transmission and smart metering pipeline remains very robust, and the company is fully geared up to participate in the upcoming tenders," the company said.
ATL has a market capitalization of ₹87,370.9 crore but, over the past year, the company’s stock has lost 73.7%, even though the broader market index Nifty 50 gained at least 21%. According to data by NSE, on 30 June, Adani Transmission's promoter entity Fortitude Trade and Investment sold its entire stake of 3.39 crore shares at an average price of ₹786.17 amounting to ₹2,665 crore through bulk deals.
Of this, GQG Partners bought 2.13 crore shares at an average price of ₹786.19, thus taking its transaction value to around ₹1,676 crore. Shares of Adani Transmission ended 1.63% higher at ₹738 apiece on the NSE on Tuesday.
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