Adani Transmission has acquired 100% equity share capital of SPV Company namely, Hadoti Power Transmission Service (HPTSL), from Rajasthan Rajya Vidyut Prasaran Nigam (RVPN) on August 11, 2017.
The said SPV Company was incorporated in May 2016 by RVPN for development of 220 KV and 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.
