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Adani Transmission acquires Bikaner-Khetri project

20 Sep 2019 Evaluate

Adani Transmission has signed a share purchase agreement with PFC Consulting for acquiring Bikaner-Khetri Transmission, a special purpose vehicle incorporated by PFC Consulting for the implementation of the project. The company has completed the acquisition.

The project is primarily being constructed to establish transmission system associated with Long Term Applications from Rajasthan Solar Energy Zone (SEZ) Part-0. The company will build, own, operate and maintain the transmission project for a period of 35 years. The project consists of approximately 480 circuit (ckt) kms of 765kV line along with associated transmission system.

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 325.10
Tata Power 363.55
Adani Power 199.95
Power Grid Corpn. 266.30
Adani Energy Solut. 1342.10
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