Adani Transmission Limited (ATL) on Saturday said it has signed an agreement with Essel Infraprojects Limited (EIL) for the acquisition of Warora-Kurnool Transmission Limited (WKTL) for about Rs 3,370 crore.
Adani Transmission, India’s largest private sector power transmission and retail distribution company, said the acquisition is valued at a target of Rs 3,370 crore.
“The regulatory approval for substitution of original awardee in the contract by ATL has already been received from Central Electricity Regulatory Commission,” the company said in an exchange filing.
“The lenders consent and other necessary regulatory approvals shall be obtained before closure of transaction,” it said
