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Adani Transmission becomes the first group company to reach a market cap of 4 lakh crore

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  • Shares of Adani Transmission, which have delivered more than triple returns to investors in the past year, are valued at ₹4 lakh crore.
  • It is one of the largest private sector electricity transmission companies in India and has a presence in the western, northern and central regions of India.
  • The energy transmission company is the largest company of the Adani Group in terms of market capitalization.

Adani Transmission, owned by billionaire Gautam Adani, is the first group company to reach a valuation of ₹4 lakh crore.

In terms of market capitalization, telecom giant has overtaken Bharti Airtel, the cigarette-to-hotel conglomerate ITC, and the largest paint manufacturer Asian Paints. Currently, it is the 11th most valuable company in India and is counted among the multibaggers stock that has delivered more than three times the returns to its investors.

The collective market capitalization of all Adani group companies is $237 billion. The chairman of the group Gautam Adani, which heads seven publicly traded companies, is the fourth richest man in the world with a net worth of $128 billion, surpassing Microsoft co-founder Bill Gates.

Adani Transmission’s share gains are aided by positive market momentum fueled by declining inflation in the country and a reversal in FII flows.

“The moderation in domestic inflation levels has raised expectations that the central bank’s rate hike could slow in the future. While the strong infusion of FII funds has certainly boosted investor sentiment,” said Shrikant Chouhan, head of equity research (Retail) at Kotak Securities.

Adani Transmission is one of the largest private sector electricity transmission companies in India with presence in the western, northern and central regions of India.

The company has a cable length of nearly 14,279 circuit kilometers and distributes power to more than 1.2 crore customers. It grew inorganically and took over two transportation companies in the past two years. Furthermore, it plans to use and replace 30% of Mumbai’s energy needs with renewable energy by 2023.

Nifty 50 Shares Below ₹4 Trillion M-Cap Market capitalization (₹ lakh crore)
LIC India ₹4.40
Adani transmission ₹4.00
Bharti Airtel ₹3.98
ITC ₹3.84
Adani Total Gas ₹3.82
Kotak Mahindra Bank ₹3.65
Adani Enterprises ₹3.51
Adani Green Energy ₹3.50
Asian Paints ₹3.35
Avenue Supermarts ₹2.85
Maruti Suzuki ₹2.68

Another Adani Group company closest to the 4 trillion mark is Adani Total Gas. It supplies the pipeline natural gas (PNG) to the industrial, commercial, domestic (residential) and compressed natural gas (CNG) to the transportation sector.

A major breakthrough for the company was its entry into electric mobility with the launch of its first electric vehicle charging station in Ahmedabad.

Adani Group Companies Market capitalization % return in 2022 so far
Adani transmission ₹4 lakh crore 249%
Adani Total Gas ₹3.82 lakh crore 257%
Adani Enterprises ₹3.51 lakh crore 106%
Adani Green Energy ₹3.50 lakh crore 136%
Adani Gates ₹1.74 lakh crore
Adani Power ₹1.39 lakh crore 353%
Adani Wilmar ₹90,158 crore 158%

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