Corporate News     04-Jun-22
Adani Transmission to acquire Essar's 400 kV Mahan-Sipat transmission project
Adani Transmission has signed definitive agreements with Essar Power EPL) for acquiring 673 ckt kms operational inter-state transmission project owned and operated by Essar Power Transmission (EPTCL). The Enterprise value for the transaction is Rs 1,913 crore.

The target asset is an operational 400 kV inter-state transmission line linking Mahan in Madhya Pradesh to Sipat pooling substation in Chhattisgarh with line length of 673 ckt kms. The project operates under the CERC regulated return framework and was commissioned on 22 Sep 2018. The proposed transaction will be executed through transaction steps which shall be subject to necessary regulatory approvals and other consents.

Previous News
  Adani Energy Solutions consolidated net profit declines 31.56% in the December 2023 quarter
 ( Results - Announcements 29-Jan-24   15:24 )
  Adani Energy Solutions to convene board meeting
 ( Corporate News - 06-Dec-23   11:50 )
  Adani Energy Solutions incorporates WoS - Sunrays Infra Space Two
 ( Corporate News - 14-Dec-23   15:38 )
  Adani Green Energy Ltd Spurts 15.9%, S&P BSE Utilities index Rises 2.73%
 ( Hot Pursuit - 06-Dec-23   09:30 )
  Adani Energy Solutions Ltd slips for fifth straight session
 ( Hot Pursuit - 27-Aug-24   13:35 )
  Adani Energy Solutions Q3 PAT slides 32% YoY to Rs 325 cr
 ( Hot Pursuit - 29-Jan-24   16:59 )
  Adani Energy Solutions Ltd rises for third consecutive session
 ( Hot Pursuit - 23-Apr-24   13:05 )
  Board of Adani Transmission to consider proposal for fund raising
 ( Corporate News - 11-May-23   09:16 )
  Adani Transmission Ltd spurts 4.58%, gains for third straight session
 ( Hot Pursuit - 17-Mar-23   13:05 )
  Adani Transmission Ltd Slides 5%, S&P BSE Utilities index Shed 1.57%
 ( Hot Pursuit - 28-Mar-23   09:45 )
  Adani Energy Solutions closes QIP issue
 ( Corporate News - 03-Aug-24   11:23 )
Other Stories
  GAIL (India) signs MoU with AM Green
  04-Oct-24   19:27
  EaseMyTrip.com resumes bookings to the Maldives
  04-Oct-24   19:25
  BLS completes acquisition of Dubai-based Citizenship Invest
  04-Oct-24   19:23
  Insecticides India launches new maize herbicide 'Torry Super'
  04-Oct-24   19:21
  Landmark Cars receives LoI from Mercedes-Benz India
  04-Oct-24   19:19
  Astra Microwave Products receives affirmation in credit ratings from CRISIL
  04-Oct-24   19:16
  Supreme Petrochem receives affirmation in credit ratings
  04-Oct-24   19:10
  Astec LifeSciences director resigns
  04-Oct-24   19:08
  Board of Gravita India approves change in directorate
  04-Oct-24   19:05
  Board of Gravita India approves fund raising up to Rs 1,000 cr
  04-Oct-24   19:03
Back Top