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Adani Transmission to acquire Essar Power's transmission line for Rs.1.913-Cr

Press Release   BSE Announcement  

Publicly-listed Adani Transmission Ltd (ATL) has signed definitive agreements with Essar Power Ltd. (EPL) for acquiring the 673 ckt kms (circuit kilometers) operational Mahan-Sipat transmission project, owned and operated by Essar Power Transmission Ltd (EPTCL), at an enterprise value of INR 1,913 crore. The target asset is an operational 400 kV inter-state transmission line linking Mahan in Madhya Pradesh to Sipat pooling substation in Chhattisgarh with a line length of 673 ckt kms. The acquisition will consolidate ATL's presence in central India. With this acquisition, the total network of ATL will reach 19,468 ckt kms, out of which 14,952 ckt kms is operational and 4,516 ckt kms is under various stages of execution.