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Adani Transmission acquires stake in Obra-C Badaun Transmission

26 Dec 2018 Evaluate

Adani Transmission has acquired 100% equity share capital of Obra-C Badaun Transmission (OCBTL) from PFC Consulting (PFCCL). OCBTL was incorporated in August, 2018 by PFCCL to build, own, operate and maintain the transmission project in the state of Uttar Pradesh.

The project ‘Obra-C Badaun Transmission’ has around 625 ckt kms of line at voltage levels of 765 kV and 400 kV. This project is primarily being constructed to establish Transmission System for Evacuation of Power from 2X660MW Obra-C Thermal Power Project with associated transmission lines. This project has been awarded to the Company through Tariff Based Competitive Bidding Process.

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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