5 hours Ago
Shares of Adani Energy Solutions are likely to remain in focus today as the company has entered into an agreement with PFC Consulting for the acquisition of a 100% stake in Pune-III Transmission (PTL). “We would like to inform you that Adani Energy Solutions Limited (AESL), on 19th November 2024, at about 3:00 p.m.
IST, executed a Share Purchase Agreement (SPA) with PFC Consulting Limited for acquiring 100% equity shares of Pune-III Transmission Limited (‘PTL’),” the company said in an exchange filing. PTL projects include the establishment of new 2x1500 MVA, 765/400 kV & 3x500 MVA, 400/220 kV Pune-III (GIS) substation and the setup of a 322 km (816 ckm) transmission line. The acquisition is part of Adani Energy's strategy to enhance value for its shareholders through both organic and inorganic opportunities.
PTL aims to implement the evacuation of 7 GW of renewable energy (RE) from Khavda RE Park, under Phase IV Part D package. Stock Trading Mastering Options Selling: Advanced Strategies for Success By - CA Manish Singh, Chartered Accountant, Professional Equity and Derivative Trader View Program Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Kunal Patel, Options Trader, Instructor View Program Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading RSI Trading Techniques: Mastering the RSI Indicator By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Cryptocurrency Made Easy: Cryptocurrency Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Ichimoku Trading Unlocked: Expert Analysis and Strategy By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Futures Trading Made Easy: Future & Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program The company also informed that the acquisition of PTL has been completed.
Also read: Zinka Logistics shares to debut today. Here's what GMP indicates Adani Energy Solutions reported a 145% growth in its consolidated net profit , reaching Rs 675 crore for the quarter ended September 2024, compared to Rs 276 crore in the same quarter last year. Meanwhile, its revenue from operations for the reporting period rose 68% year-on-year (YoY) to Rs 6,184 crore.
Shares of Adani Energy Solutions closed 0.74% higher at Rs 872.10 on the BSE in the previous trading session.
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