Adani Transmission to acquire Essel’s project for ₹3,370 crore
The Hindu
Adani Transmission Ltd. (ATL) has signed definitive agreements with Essel Infra Projects Ltd (EIL) for the acquisition of Warora-Kurnool Transmission Ltd. (WKTL) at an enterprise valuation of ₹3,370 c
Adani Transmission Ltd. (ATL) has signed definitive agreements with Essel Infra Projects Ltd (EIL) for the acquisition of Warora-Kurnool Transmission Ltd. (WKTL) at an enterprise valuation of ₹3,370 crore. The regulatory approval for substitution of original awardee in the contract by ATL has already been received from Central Electricity Regulatory Commission. The lenders’ consent and other necessary regulatory approvals shall be obtained before closure of transaction, ATL said in a statement. With this acquisition, the cumulative network of ATL will reach 17,200 ckt km, out of which 12,350 ckt km is already operational and 4,850 ckt km (including this asset) is in various stages of execution.
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