Adani Energy Solutions Ltd (AESL), an electric power distribution company, said it has concluded the acquisition of Essar Transco Ltd for an endeavor worth ₹1,900 crores subsequent to getting essential endorsements. The organization had consented to arrangements for the contract in June 2022. It contains the completely functional 400 kV, 673 circuit km between the state transmission line connecting Mahan in Madhya Pradesh to the Sipat pooling substation in Chhattisgarh.
Adani Transmission Stage Two Ltd (ATSTL), a completely owned subsidiary, made the acquisition. Upon completion, Essar Transco became a subsidiary of ATSTL and the step-down entirely claimed subsidiary Adani Energy.
The acquisition is in accordance with the organization's worth-added development system by tapping natural as well as inorganic opportunities, as per AESL. "With this acquisition, the company's cumulative network will reach 21,182 km, out of which 18,109 km is operational and 3,073 km is under various stages of execution," it added.
The extended size of activities will permit Adani Energy to secure combinations regarding upgrading activity, support expenses, and asset sharing.
The Adani Group’s journey in the transmission sector began in 2006, long before Adani Energy Solutions Limited (AESL) was officially settled. This was required to empty power from Adani's Mundra thermal power plant. The devoted lines appointed for power evacuation crossed more than 3800 km, associating Mundra—Dehgam, Mundra—Mohindergarh and Tirora—Warora.
