MoneyWorks4Me

Adani Transmission inks agreement with REC Transmission Projects

14 Nov 2019 Evaluate

Adani Transmission has signed share purchase agreements with REC Transmission Projects Company on November 13, 2019 for acquisition of its entire stake in Lakadia Banaskantha Transco (LBTL) and Jam Khambaliya Transco (JKTL).

The project ‘Lakadia Banaskantha Transco’ consists of approximately 360 ckt kms of 765kV a line along with associated transmission system. The project ‘Jam Khambaliya Transco’ consists of approximately 40 ckt kms of 400 kV D/C line along with 400 kV Substation at Jam Khambaliya in Gujarat.

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
View more..