Adani Transmission adds 411 ckt kms in Q3FY22, sees improvement in distribution biz; Stock inches up

11 Jan 2022 , 11:55 AM

Adani Transmission has announced its provisional operational data for the quarter ending December 2021 (Q3FY22). On Tuesday, the company’s stock floated in the green zone.

In the transmission business, the company added 411 ckt kms in Q3 FY22 to the operational network, with a total network at 18,567 ckt kms & transformation capacity at 38,641 MVA.

The company operated transmission lines at greater than 99.69% system availability. Also, the GTL project became fully operational during the quarter.

Meanwhile, in the distribution business, in Q3FY22, the company posted a 10% yoy growth in units sold to 2,060 million units versus 1,874 million units last year due to an increase in energy demand.

Further, the company witnessed improvement in distribution loss and stands at 7.06% in Q3FY22 vs. 7.64% in Q2FY22. The company maintained supply reliability of more than 99.9%.

Also, in percentage terms, e-payment of the total collection was at 69.9% in Q3FY22 versus 63.5% in Q3FY21 with greater digital adoption promoted by the company.

At around 11.52 am, Adani Transmission was trading at Rs1830 per piece up Rs2.55 or 0.14% on Sensex. The stock has touched an intraday high of Rs1840 per piece.