Adani Transmission Share Rate: Shares were last trading 1.69 per cent higher at Rs 885.35 on the NSE.Share price of Adani Transmission Limited acquired more than three percent on Tuesday, March 30, after it signed a conclusive contract with Essel Infraprojects Limited for the acquisition of Warora-Kurnool Transmission Limited for an enterprise value of Rs 3,370 crore.
On Tuesday, Adani Transmission opened on the BSE at Rs 898, touching an intra day high of Rs 924.40 and an intra day low of Rs 880.85, in the trading session up until now.
On the NSE, it opened at Rs 896.
(Also Check Out: Adani Transmission To Buy Warora-Kurnool Transmission )According to the regulatory filing by the company to the stock exchanges, the total network of the Adani Transmission Limited will reach around ~ 17,200 ckt km with the acquisition of the Warora-Kurnool Transmission Limited.Adani Transmission Limited is the nation's largest private sector power transmission and retail distribution firm.
Shares of Adani Transmission were last trading 1.69 per cent greater at Rs 885.35 on the NSE.According to the arrangement, the Warora-Kurnool Transmission Limited will operate, develop, and maintain the transmission lines aggregating to ~ 1,750 ckt km.
In addition to this, the contract also mentions that the 765 kV inter-state transmission lines link Warora to Warangal in addition to Chilakaluripeta to Kurnool through Hyderabad, with a new 765/400 kV sub-station at Warangal, will also be developed and operated.The regulatory filing mentioned that the task was granted through a competitive bidding procedure on a develop, own, operate, preserve basis, having a concession life of 35 years.