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Reliance Infra completes sale of WRSSS transmission undertakings

12 Oct 2017 Evaluate

Reliance Infrastructure (RInfra) has completed sale of its Western Region System Strengthening Scheme (WRSSS) transmission undertakings to its two subsidiaries.

Earlier in October 2017, the company has executed Business Transfer Agreement (BTA) for transfer of its WRSSS B & C Undertakings to its two subsidiaries as part of process of sale of the businesses to Adani Transmission.

Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.

Peers
Company Name CMP
NTPC 333.30
Tata Power 365.00
Adani Power 209.85
Power Grid Corpn. 269.10
Adani Energy Solut. 1373.75
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