Acquisitions30 May 2025, 04:25 pm
Adani Energy Solutions Acquires 100% Shares of WRNES Talegaon Power Transmission Limited for Rs. 5 Lakh
AI Summary
Adani Energy Solutions Ltd (AESL) has executed a Share Purchase Agreement (SPA) with REC Power Development and Consultancy Limited (RECPDCL) to acquire 100% Equity Shares of WRNES Talegaon Power Transmission Limited. The acquisition is valued at Rs. 5 Lakh and is part of AESL’s strategy for enhancing value for its shareholders through organic and inorganic opportunities. WRNES Talegaon Power Transmission Ltd, will help evacuate 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSP) in the region and will help meet demand from Mumbai and surrounding areas.
Key Highlights
- Adani Energy Solutions Ltd (AESL) has executed a Share Purchase Agreement (SPA) with REC Power Development and Consultancy Limited (RECPDCL) to acquire 100% Equity Shares of WRNES Talegaon Power Transmission Limited.
- The acquisition is valued at Rs. 5 Lakh and is part of AESL’s strategy for enhancing value for its shareholders through organic and inorganic opportunities.
- WRNES Talegaon Power Transmission Ltd, will help evacuate 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSP) in the region and will help meet demand from Mumbai and surrounding areas.
- WRNES is incorporated in India and registered with the Registrar of Companies, New Delhi on November 16, 2024.
- History of last 03 years turnover — Not Applicable