File photo: Adani Transmission dollar bonds due in 2026 hit a record low of about 75 cents on the dollar earlier this month. They were seen at around 84 cents on Tuesday.
Adani Transmission Ltd has won the tender for an inter-state transmission system in Madhya Pradesh, beating Power Grid Corporation of India Ltd and two other transmission service providers, according to people familiar with the matter.
In the reverse auction, the tender floated by REC Transmission Projects Company Ltd, Adani Transmission won at a levelized tariff bid of ₹1429.76 million. PGCIL bid at ₹1,598.63 million, higher than Sterlite Grid 12 Ltd and Dilip Buildcon Ltd, the two other bidders.
The tender results came out on Thursday evening. The cost of the project is estimated to be around ₹1,300 crore.
Published on March 12, 2021
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.