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The Times of India
The Times of India
Business
Bloomberg

Adani Transmission eclipses India giants in value with 125% rise

Adani Adani Transmission India Adani Group

Adani Transmission 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 Rs 4.4 lakh crore ($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.

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