Adani Power has bagged all three transmission projects in Chhattisgarh worth over Rs 3,500 crore that were up for auction by the Power Finance Corporation.
The Gautam Adani led company beat Vedanta Group’s Sterlite Grid to win the Rs 825 crore Chhattisgarh A transmission project. The project only saw two bidders in the financial bid stage because it was a challenging project crossing 70 existing transmission lines in the region.
While there was more competition for the Rs 2,000 crore Chhattisgarh B project, Adani Power saw competition from PowerGrid, Sterlite Grid, Essel Infrastructure and Kalpataru Power Transmission (KPTL). For the Rs 863 crore Sipat project, Adani Power was the lowest bidder amongst Jindal Power, Sterlite Grid, KPTL and PowerGrid.
