M&A M&A
Adani Energy acquires Mahan Transmission
Source Times of India (opens in a new tab)BSE Announcement (opens in a new tab)
Ahmedabad-based publicly listed Adani Energy Solution Ltd (formerly known as Adani Transmission Ltd), the electricity transmission unit of Gautam Adani has acquired 100% stake in Delhi-based Mahan Transmission Ltd (MTL), an SPV for a INR 2,200 crore intra-state transmission project. The project scope includes establishment of 2,800 MegaVolt-Amperes (MVA) of substations capacity and 740 circuit kilometers (ckm) of transmission line, taking AESL's transmission network to 26,668 ckm and 89,986 MVA of transformation capacity.The acquisition is proposed to further AESL's strategy for enhancing value for its shareholders through organic as well as inorganic opportunities.