Adani to acquire Warora-Kurnool Transmission from Essel for over Rs 3,300 crore
Adani Transmission Ltd on Saturday said it has entered into a pact with Essel Infraprojects to acquire Warora-Kurnool Transmission Ltd (WKTL) for an enterprise value of Rs 3,370 crore.
The acquisition is in sync with Adani Transmission’s strategy to enhance the value for its stakeholders, through organic as well as inorganic opportunities, ATL said in a statement.
ATL, India’s largest private sector power transmission and retail distribution company, has signed definitive agreements with Essel Infraprojects Limited (EIL) for the acquisition, it said.
The regulatory approval for substitution of original awardee in the contract by ATL has already been received from the Central Electricity Regulatory Commission.
