Adani Transmission (ATL) has received the Letter of Intent (LoI) for the acquisition of Karur Transmission. ATL won the project through the Tariff-Based Competitive Bidding (TBCB) process and has received the LoI for the Central RE evacuation project. ATL will build, own, operate and maintain the transmission project in Tamil Nadu for a period of 35 years.
ATL’s execution of the project will help evacuate renewable energy from the Karur-Tiruppur region and the estimated capex will be more than Rs 200 crore.
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.
