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Adani Energy Solutions acquires 100% stake in Sangod Transmission Service

07 Oct 2023 Evaluate

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.

Adani Energy Solut. Share Price

1259.20 36.90 (3.02%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Adani Power 198.40
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