Eyeing 1,600 MW expansion plan, Adani Energy acquires Mahan Transmission

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Eyeing 1,600 MW expansion plan, Adani Energy acquires Mahan Transmission - Business Standard

Quick Summary:

The company has on 26th March, 2025...executed share purchase agreement with REC Power Development and Consultancy Ltd for acquiring 100 per cent equity shares of Mahan Transmission Ltd (MTL), a regulatory filing said.

Adani Energy Solutions on Thursday announced acquisition of a project special purpose vehicle Mahan Transmission, which will evacuate 1,230 MW power from Adani Power's upcoming 1,600 MW expansion units at Mahan in Singrauli district.

According to the filing, equity shares are being acquired at a face value of Rs 10 each for a cash consideration.