Adani Transmission To Acquire Essar's Mahan-Sipat Project

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Adani Transmission To Acquire Essar’s Mahan-Sipat Project

| Updated: June 4, 2022 17:50

Billionaire Gautam Adani led Adani Transmission Ltd. (ATL) has inked definitive agreements with Essar Power Ltd. (EPL) for the acquisition of Essar Power Transmission Ltd.’s 673 ckt kilometres operational inter-state transmission project (EPTCL). The transaction’s enterprise value is INR 1,913 crore.

ATL’s MD and CEO, Anil Sardana “ATL’s foothold in central India will be strengthened with the acquisition of Essar’s transmission asset.” With this acquisition, ATL is on track to meet its 20,000 ckt kms target ahead of schedule. We will continue to be at the forefront of grid stability, delivering sustainable, dependable, and economical energy solutions while producing long-term value for our stakeholders.”

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