Adani Transmission on Monday said it has entered into an agreement with Kalpataru Power Transmission Ltd (KPTL) to acquire Alipurduar Transmission Ltd.
The enterprise value for the project is ascribed as Rs 1,286 crore, Adani Transmission (ATL) said in a regulatory filing. It said equity shares of the company are acquired at a face value of Rs 10 each per share.
Alipurduar Transmission operates transmission lines aggregating to around 650 circuit kilometres in Bengal and Bihar, ATL said.
“With this acquisition, the cumulative network of ATL will expand to more than 15,400 circuit km, of which more than 12,200 circuit km (including this asset) is operational and more than 3,200 circuit km is under various stages of execution,” the company said.
