Adani Energy Solutions buys 100% stake in Essar Transco for Rs 1,900 crore, acquiring a transmission line in central India.

Adani Energy Solutions Ltd (AESL) has acquired 100% stake in Essar Transco Ltd for Rs 1,900 crore, consolidating its presence in central India. The acquisition covers a fully operational 400 kV, 673 circuit kilometres inter-state transmission line linking Mahan in Madhya Pradesh to Sipat pooling substation in Chhattisgarh. AESL's philosophy of augmenting existing capacities and bringing in efficiency through operational synergies and network effects is consistent with this acquisition.

May 16, 2024
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