Adani Transmission Restricted, India’s largest electrical energy transmission firm within the non-public sector, as we speak introduced a money revenue of Rs 2,929 crore within the fiscal 2021, up 45 per cent year-on-year, and a revenue after tax of Rs 1,290 crore, up 82 per cent.
For the fourth quarter, the corporate’s money revenue was Rs 639 crore, an increase of 51 per cent and PAT was up 333 per cent YoY to Rs 257 crore. The corporate’s income for the fiscal 2021 was, nonetheless, down by 14 per cent to Rs 8,840 crore on a consolidated foundation. This was primarily attributable to decrease income contribution from distribution enterprise which was impacted by decrease electrical energy consumption within the business and industrial phase within the first half of FY21, when India introduced a nationwide lockdown to manage Covid-19 pandemic.
Nonetheless, operational income from transmission enterprise was unaffected in FY21. For the March quarter, its revenues had been up 3 per cent at Rs 2,276 crore.
In an announcement, the corporate stated it has added 2,536 ckt (circuit) km to transmission community in FY21, due to its acquisitions and growth, taking the entire community to 17,276 ckt km. The agency additionally reported robust transmission system availability at greater than 99.87 per cent.
Its distribution enterprise ensured greater than 99.99 per cent provide reliability regardless of challenges on floor whereas distribution losses had been at 7.82 per cent vs 7.37 per cent in FY20. The corporate additionally achieved greater than 100 per cent assortment effectivity at AEML (Adani Electrical energy Mumbai Ltd) in FY21.
“The facility and transmission sector has seen large progress over the past twenty years. As we speak, Authorities initiatives equivalent to Saubhagya and the emphasis on renewables have considerably expanded electrical energy entry. The following twenty years guarantees to usher in new alternatives for the sector based mostly on the resurgence of the economic system publish the pandemic and a constructive investor outlook. ATL is totally outfitted to co-create a future according to the wants of a nation on the cusp of world renewable power management”, stated Gautam Adani, Chairman Adani Group.
Anil Sardana, MD & CEO, Adani Transmission Ltd, stated Adani Transmission has developed over the previous few years and its two acquisitions (APTL and WKTL) throughout the yr will bolster its pan-India presence, consolidating additional its place as India’s largest non-public sector transmission firm and transferring it nearer to its objective of 20,000 ckt km of transmission traces by 2022.
“ATL is consistently benchmarking to be the best-in-class and is pursuing a centered strategy to be a world-class built-in utility via improvement agenda, coupled with derisking of strategic and operational elements, capital conservation, making certain excessive credit score high quality and forging strategic partnerships for enterprise excellence and excessive governance requirements,” he stated.
Sardana added that ATL is sustaining 24×7 high quality energy provide regardless of challenges posed by well being and pandemic points. The journey in direction of a sturdy ESG framework and working towards tradition of security is integral to its pursuit for enhanced long-term worth creation for all stakeholders.
In the course of the yr, ATL acquired Warora-Kurnool Transmission Restricted (WKTL) owned by Essel InfraProjects Restricted including 1,750 ckt kms to its complete transmission community of 17,276 ckt (circuit) km.