Adani Energy Solutions (AESL) has executed Share Purchase Agreement (SPA) with PFC Consulting for acquiring 100% Equity Shares of Navinal Transmission (NTL). NTL Projects includes Establishment of 4x1500 MVA, 765/400 kV Navinal (Mundra) S/s (GIS) with 2x330 MVAR, 765 kV and 1x125 MVAr, 420 kV bus reactors and setting up of around 129 km (515 ckm) transmission line. This acquisition is proposed to further AESL’s strategy for enhancing value for its shareholders through organic as well as inorganic opportunities. NTL will aim to implement to drawl of up to 4.5 GW load in Mundra area from bulk consumers/ Distribution licensee and Green Hydrogen.
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 | 402.20 |
| Tata Power | 436.00 |
| Adani Power | 225.15 |
| Power Grid Corp | 313.90 |
| Torrent Power | 1724.80 |
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