Adani Transmission Ltd to acuire Khavda-Bhuj Transmission Ltd

Adani Transmission Ltd has signed Share Purchase Agreement with PFC Consulting Limited on 18th January, 2022 for acquisition of its entire stake in Khavda-Bhuj Transmission Ltd.

The project, Khavda-Bhuj Transmission Ltd, primarily consists of approximately 220 ckt km of transmission line connecting Khavda pooling station with Bhuj pooling station and 4,500 MVA, 765 kV Gas Insulated Substation at Khavda. With an estimated capex of more than Rs 1,200 Cr, ATL's execution of the project will help evacuate about 3 GW of renewable energy from Khavda, Gujarat. The project will help shape one of the country's largest solar and wind farms.

With this acquisition, ATL will exceed 18,500 ckt km of transmission lines and 38,600 MVA transformation capacity. ATL also operates a distribution business serving about 3 million customers in Mumbai.

Shares of Adani Transmission Limited was last trading in BSE at Rs. 2022.75 as compared to the previous close of Rs. 1997.05. The total number of shares traded during the day was 2821 in over 359 trades.

The stock hit an intraday high of Rs. 2043.00 and intraday low of 1970.00. The net turnover during the day was Rs. 5665944.00.

Source : Equity Bulls

Keywords

AdaniTransmission INE931S01010 SPA PFCConsulting Acquisition KhavdaBhujTransmission