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Adani Energy Solutions executes SPA with REC Power Development and Consultancy

31 Aug 2024 Evaluate

Adani Energy Solutions (AESL) has executed Share Purchase Agreement (SPA) with REC Power Development and Consultancy (RECPDCL) for acquiring 100% Equity Shares of Khavda IVA Power Transmission (KPTL). KPTL project includes setting up of around 298 km (596 ckm) transmission line, 300 MVAr STATCOM and 3x1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1x330 MVAr, 765 kV and 1x125 MVAr, 420 kV bus reactors.

This acquisition is proposed to further AESL’s strategy for enhancing value for its shareholders through organic as well as inorganic opportunities. KPTL will aim to implement evacuation of 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase IV Part A package. The acquisition is expected to be completed within 4-5 working days from the execution date of SPA.

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

1361.60 -8.65 (-0.63%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 402.25
Tata Power 430.15
Adani Power 214.25
Power Grid Corp 319.00
Torrent Power 1735.65
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