Adani Energy Solutions (AESL) has acquired 100% Equity Shares of Sangod Transmission Service (STSL) from Rajasthan Rajya Vidyut Prasaran Nigam in a manner consistent with the Share Purchase Agreement and other applicable consents.
This acquisition is proposed to further AESL’s strategy for enhancing value for its shareholders through organic as well as inorganic opportunities. STSL will aim to establish Transmission Project - RAJ/PPP - 11 - 2X 400/220kV, 500MVA GSS at Sangod along with 220/132kV, 160 MVA transformer and associated transmission line.
Adani Energy Solutions (formerly known as Adani Transmission) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates.
Company Name | CMP |
---|---|
NTPC | 355.75 |
Tata Power | 436.75 |
Power Grid Corp | 292.60 |
Adani Power | 591.70 |
Torrent Power | 1489.95 |
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