Adani Energy Solutions Acquires 100% of Vizag Power Transmission

Adani Energy Solutions Ltd (AESL) has executed a Share Purchase Agreement (SPA) to acquire 100% equity shares of Vizag Power Transmission Limited (VPTL) from REC Power Development and Consultancy Limited (RECPDCL). This acquisition, completed on August 14, 2026, is a cash transaction at face value for the shares. VPTL is intended to facilitate the integration and supply of power to proposed Green Hydrogen/Green Ammonia projects in the Vizag area, catering to an estimated demand of around 4,500 MW. This move aligns with AESL's strategy to enhance shareholder value through both organic and inorganic growth opportunities.