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Adani utility firm eclipses India giants in value with a rise of 125%

Market value of Adani Transmission now beats India's LIC, Bharti, ITC

The Ministry of Power has suggested that the 33 kV system be handed over from discoms to the STUs for better planning, loss reduction and increased supply reliability.

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There’s also a general sense of puzzlement around why the tycoon’s businesses are trading at far higher valuation ratios than local and global peers, seemingly beyond what their business prospects would justify.

Ashutosh Joshi | Bloomberg

3 min read Last Updated : Sep 02 2022 | 1:44 PM IST

Adani Transmission Ltd. has blown past entrenched corporate giants to become India’s 10th-largest listed firm by market value as part of a broader runaway rally in Adani Group stocks.

Shares of the New Delhi-based power utility have climbed almost 125% this year, boosting its market capitalization to 4.4 trillion rupees ($55.2 billion) in Mumbai on Friday. Its valuation surpassed Life Insurance Corp. of India -- the country’s largest insurer -- and cigarettes-to-cookies maker ITC Ltd.

Market value of Adani Transmission now beats India's LIC, Bharti, ITC

Adani Transmission’s pole-vault up the market capitalization table underpins the broader trend among Adani’s seven

Topics : Companies Adani Transmission

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