Adani signs pact with Kalpataru for acquisition of Alipurduar Transmission
AHMEDABAD : Adani Transmission Ltd (ATL) said on Monday that it has signed definitive agreements with Kalpataru Power Transmission Ltd (KPTL) for acquiring Alipurduar Transmission Ltd in a manner consistent with a transmission service agreement and applicable consents.
The enterprise value for the project is ₹1,286 crore. The acquisition is expected to be completed in a few months after all necessary regulatory approvals and other consents.
ATL said the acquisition is in sync with its strategy to enhance the value for its stakeholders through organic as well as inorganic opportunities. With this acquisition, the cumulative network of ATL will reach more than 15,400 circuit km of which more than 12,200 ckt km including this asset is operational and more than 3,200 ckt km is under various stages of execution.
