Adani Transmission (ATL) has signed Share Purchase Agreement with PFC Consulting on January 18, 2022 for acquisition of its entire stake in Karur Transmission. With this acquisition, ATL will exceed 18,500 ckt km of transmission lines and 38,600 MVA transformation capacity.
The project comprises of establishing 2x500 MVA, 400/230 kV Karur Pooling Station at Tamil Nadu and Loop In Loop Out (LILO) of Pugalur – Pugalur (HVDC) line. The company’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.
