Lockdown delayed project execution, led to cost escalation: Adani Transmission
Adani TransmissionNSE 4.94 % on Monday said the coronavirus-induced lockdown has delayed execution of its under-construction projects and escalated costs. The company is also worried that 25 per cent of its earmarked capital expenditure for FY21 would remain unutilised.
“The continued lockdown has also resulted in migration of resources affecting project execution work due to non-availability of work force and disruption of allied services,” it said in regulatory filing.
According to the filing, delay in getting multiple regulatory approval, that is ROW (right of way), forest approvals, wildlife, defense, civil aviation and power and transmission line crossing will delay the SCOD (scheduled commercial operation date), leading to cost escalation.
