Total expenses were lower at Rs 2,477.75 crore as against Rs 2,656.66 crore in October-December 2018.
The tightness in domestic funding markets and the allure of Indian bonds overseas markets should spur further issuance this year, analysts said.
ATL said the proceeds will be used to cater to the growing demands for power by expanding network especially in the deficit parts of the country.
The Letter of Intent (LoI) to ATL has been awarded under a tariff based competitive bidding model from Maharashtra State Electricity Transmission Company Ltd (MSETCL).
Reliance Infrastructure will utilise the proceeds of this transaction entirely to reduce its debt, becoming debt free and will have a cash surplus of up to Rs 3,000 crore.
" The scrip is facing a resistance at Rs 191 levels and support at Rs 160 levels which will remain crucial for scrip. We have a sell recommendation for Adani Transmission which is currently trading at Rs 178.85," says Dinesh Rohira, Founder & CEO, 5nance.com.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 35.5 points or 0.34 percent. Nifty futures were trading around 10,306-level on the Singaporean Exchange.
The company had posted a PAT of Rs 99.28 crore during the corresponding period of the previous fiscal.