Adani Transmission has acquired 100% equity share capital of two SPV Companies namely, Barmer Power Transmission Service (BPTSL) and Thar Power Transmission Service (TPTSL), from Rajasthan Rajya Vidyut Prasaran Nigam (RVPN) on August 04, 2017.
The said SPV companies were incorporated in June 2016 by RVPN for development of 132 KV grid sub-stations along with associated transmission lines and associated schemes/works on PPP mode and the company has acquired it from RVPN pursuant to competitive bidding process carried out by RVPN.
Adani Transmission is engaged in providing establishing, commissioning, operating and maintaining electric power transmission systems in India. It offers operation and maintenance (O&M) support services. Adani Transmission operates as a subsidiary of Adani Enterprises.
