Adani Transmission has signed Share Purchase agreement (SPA) with Adani Ports and Special Economic Zone (APSEZ) on December 15, 2021 for acquisition of MPSEZ Utilities (MUL). The estimated cost of acquisition is Rs 116.27 crore.
MUL was incorporated primarily to provide facility of distribution of electricity, effluent & sewage treatment in Mundra SEZ area, Kutch, Gujarat spread across 8,481 hectares as a distribution licensee. With this acquisition, Adani Transmission will be able to leverage its Technical Competency and Customer Management to optimize the cost and improve the efficiency.
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.
Company Name | CMP |
---|---|
NTPC | 361.35 |
Tata Power | 431.45 |
Power Grid Corp | 314.20 |
Adani Power | 639.80 |
Torrent Power | 1364.20 |
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