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Adani Transmission acquires entire stake in KBSTPL

05 Nov 2018 Evaluate

Adani Transmission has signed Share Purchase Agreement with KEC International (KEC) on November 03, 2018 for acquisition of its entire stake in KEC Bikaner Sikar Transmission (KBSTPL). KBSTPL is having an operational transmission line of 344 ckt. kms in the State of Rajasthan from Bikaner to Sikar.

Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.

Peers
Company Name CMP
NTPC 314.00
Tata Power 352.45
Adani Power 195.50
Power Grid Corpn. 249.75
Adani Energy Solut. 1363.50
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