Adani Transmission net profit falls 32 per cent

04 Nov 2022 CW Team

Adani Transmission reported a 32 per cent drop in consolidated net profit to Rs 1.94 billion in the September quarter compared to the same period last year, owing primarily to adverse forex movement adjustment. The company explained in a statement that consolidated PAT (profit after tax) or net profit of Rs 1.94 billion was lower year on year in the second quarter of FY23. According to the company, the Q2 number is not comparable due to an adverse forex movement (MTM) of Rs 1.38 billion (mark-to-market adjustment on foreign currency loans) vs a Rs 60 million gain in the corresponding quarter of the previous fiscal in the AEML (Adani Electricity Mumbai) business.

Also read:
Partly-built tunnel on Chandigarh-Manali highway collapses
BMC cancels ₹58 billion tender for road concretisation

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

30 Jun 2026

The Workplace Reset

If the past few years have seen sustainability emerge as a buzzword in the design of commercial spaces, the next few years will see the focus shift to ‘experience’. Workplaces that prioritise superior employee experiences consistently report stronger talent attraction and higher retention rates and productivity, while using resources sustainably.First things first; what sort of experiences are expected from a workplace?As Vandana Dhawan Saxena, Founder and Design Principal, Studio IV Designs, explains, “Offices have grown into environments that need to support various kinds of experience..

Infrastructure Urban

30 Jun 2026

Designing Human-Centric High-Rises

The Institution of Engineers (India) (IEI), Navi Mumbai Local Centre, under the aegis of the Architectural Engineering Division Board, organised a one-day national seminar, ‘Reaching New Heights – Overcoming High-Rise Construction Challenges’, at CBD Belapur, Navi Mumbai.The seminar brought together architects, engineers, planners, developers, academicians and industry professionals to deliberate on the design, construction, operation and sustainability of tall buildings in rapidly urbanising cities...To read the full article Click Here ..

Infrastructure Urban

30 Jun 2026

Carbon-negative and ultra-low carbon are not just claims!

In an interaction with Construction World, Tarun Jami, Founder, GreenJams, explains how the company is cutting cement’s carbon footprint by 80 per cent through Binder, while scaling innovations such as Agrocrete® and Novastone to make buildings lighter, faster and carbon-negative.Agrocrete® is positioned as a carbon-negative material. What does this mean for developers?For developers, Agrocrete® offers a practical way to reduce embodied carbon at the material level. Since walling forms a significant part of a building’s material footprint, using carbon-negative blocks can bring the net ..