Adani Transmission to acquire Warora-Kurnool Transmission

Power transmission and retail distribution company Adani Transmission Limited (ATL) has signed definitive agreements with Essel Infraprojects Limited (EIL) for the acquisition of Warora-Kurnool Transmission Limited (WKTL) for an enterprise value of Rs 3,370 crore.

The regulatory approval for substitution of original awardee in the contract by Adani Transmission has already been received from Central Electricity Regulatory Commission. The lenders consent and other necessary regulatory approvals shall be obtained before closure of transaction.

In a statement on Saturday, Adani Transmission said that the acquisition is in sync with its strategy to enhance the value for its stakeholders, through organic as well as inorganic opportunities.