Adani to acquire Rs 1,286 crore asset from KPTL
Adani TransmissionNSE -1.16 % has signed an agreement to buy a power transmission project for an enterprise value of Rs 1,286 crore from Kalpataru Power Transmission, the two companies said on Monday. Adani Transmission will acquire the Alipurduar Transmission project, which is a part of the power transmission network between hydropower projects in Bhutan and India. This is the second project that Kalpataru Power Transmission has sold in the last two months.
“The acquisition of Alipurduar Transmission will bolster the pan-India presence of ATL consolidating its position as the largest private sector transmission company in India. This asset will take ATL closer to its target of setting up 20,000 circuit km of transmission lines by 2022,” said Anil Sardana, managing director and chief executive officer of Adani Transmission.
