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AEJL will carry on the business of transmission, distribution and supply of power and other infrastructure services relating thereto.
"AEJL will commence its business operations in due course,” Adani Transmission said in a statement.
Adani Transmission (ATL) is the transmission and distribution business arm of the Adani Group. ATL is the country's largest private transmission company with a cumulative transmission network of approximately 18,795 ckm, out of which approximately 14,651 ckm is operational and approximately 4,064 ckm is at various stages of construction.
The company's consolidated net profit declined 61.1% to Rs 168.46 crore despite of 22% increase in revenue to Rs 3,049 crore in Q1 FY23 over Q1 FY22.
Shares of Adani Transmission rose 0.28% to Rs 4017 on the BSE.
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