Media Release

Adani Transmission Ltd’s Consolidated PAT up by 13% at Rs. 416 crore in FY17 compared to Rs. 368 crore in FY16

Editor’s Synopsis

  • Consistent operational Network availability ranging from 99.09% to 100%;
  • Operational EBIDTA margin of Transmission business is steady at 92% in Q4FY17
  • Consolidated PAT of Q4 FY17 is Rs.95 crore as compared to Rs. 99 crore in Q3 FY17 mainly due to CSR expense of 5 Cr. in Q4 FY17
  • Tariff & Incentive Income remains steady in Q4 FY17 vis-à-vis Q3 FY17;
  • Received 3 LOIs from RVPNL (Rajasthan Rajya Vidyut Prasaran Nigam Limited) on BOOM basis in the state of Rajasthan for approximately 350 Ckt kms of lines.
  • With completion of all ongoing projects and acquisition of Reliance Infra’s Operational Transmission Assets along with these three projects, the network of ATL is expected to surpass 11000 ckt kms.
  • Constructions of projects won under TBCB are well ahead of scheduled time of completion and within the budget.

Ahmedabad, May 27, 2017: Adani Transmission Ltd, part of the Adani Group, today reported its results for the year ended 31st March, 2017.

Financial Highlights:

(Clarification note: All Figures are in accordance with the applicable Ind-AS)

  • The overall Financial Performance was good.
  • The Consolidated Total Income is Rs. 2902 crore in FY17 as compared to total income of Rs. 2267 crore in FY16.
  • Other comprehensive income includes MTM loss of Rs. 157 Crore for the year FY17 on account of fair valuation of hedging of $ bond and ECB as per applicable Ind-As guideline.
  • Consolidated EBIDTA margin from transmission operation remains almost steady at 93 % in FY17.

Adani Transmission Ltd. is the largest power transmission company operating in the private sector in India and owns, operate and maintain around 5,450 Ckt Kms of transmission lines ranging from 400 KV to 765 KV, with a total transformation capacity of more than 12,000 MVA. ATL has six fully operational Transmission Systems that primarily serve the Northern and Western regions of India and is also constructing additional projects of around 1900 Ckt Kms in Rajasthan, Chhattisgarh, Madhya Pradesh, Maharashtra, Jharkhand & Bihar, which were awarded through Tariff Based Competitive Bidding process.

In Q4 FY17, the company has received 3 LOIs from RVPNL (Rajasthan Rajya Vidyut Prasaran Nigam Limited) of approximately 350 Ckt kms of lines and 16 substations with transformation capacity of approx. 600 MVA at voltage level of 132/220 KV on BOOM basis in the state of Rajasthan.

With completion of all ongoing projects and acquisition of Reliance Infra’s operational Transmission Assets along with these three projects, the network of ATL is expected to surpass 11000 ckt kms

Speaking on the financial performance of the company Mr Gautam Adani, Chairman Adani Group, said, “Adani Transmission continues to pursue the organic as well as inorganic growth opportunities. We have a strong & seamless integration of processes, people & technology which has laid a strong foundation for us to create the value for our stakeholders.”

© 2018 Adani Group
Disclaimer
cancel

Adani Transmission Limited retains copyright on all the text, contents, graphics and trademarks displayed on this site. All the text, graphics and trademarks displayed on this site are owned by Adani Transmission Limited.

The information on this site has been included in good faith and is for general purpose only and should not be relied upon for any specific purpose. The user shall not distribute text or graphics to others without the express written consent of Adani Transmission Limited. The user shall also not, without Adani Transmission Limited’s prior permission, copy and distribute this information on any other server, or modify or reuse text or graphics on this or any another system.

Although Adani Transmission Limited tries to ensure that all information and recommendations, whether in relation to the products, services, offerings or otherwise (hereinafter "information"), provided as part of this website is correct at the time of inclusion on the web site, Adani Transmission Limited does not guarantee the accuracy of the Information. Also, not all of the information may be up to date in all respect. Adani Transmission Limited makes no representations or warranties as to the completeness or accuracy of Information. Certain links in this site connect to other Web Sites maintained by third parties over whom Adani Transmission Limited has no control. Adani Transmission Limited makes no representations as to the accuracy or any other aspect of information contained in such other Web Sites.

Adani Transmission Limited hereby disclaims all warranties and conditions with regard to this information, including all implied warranties and conditions of merchantability, fitness for any particular purpose, title and non-infringement. In no event will Adani Transmission Limited, its related partnerships or corporations, or the partners, agents or employees thereof be liable for any decision made by the user and/or site visitor for any inference or action taken in reliance on the information provided in this site or for any consequential, special or similar damages. Applicable Law and Jurisdiction of this Disclaimer are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. The user/site visitor agrees that in the event of any dispute arising in relation to this Disclaimer or any dispute arising in relation to the web site whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Ahmedabad (Gujarat) (India) only for the resolution of all such disputes.

Except for the historical information herein, statement in this website, which includes words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to “, “future”, “objective”, “goal”, “likely”, “project”, “should”, “potential”, “will pursue”, and similar expressions or variations of such expressions may constitute “forward-looking statements”. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our liability to successfully implement our strategy, our growth and expansion plans, obtain regulatory approvals, our provisioning policies, technological changes, investment and business income, cash flow projections, our exposure to the market risks as well as other risks. The company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.