Deals5 Dec 2024, 04:37 pm
Adani Energy Solutions Bags Mega HVDC Transmission Project in Rajasthan
AI Summary
Adani Energy Solutions Ltd has received a letter of intent (LoI) from REC Power Development and Consultancy Limited for the establishment of a Transmission System for Evacuation of Power from a Renewable Energy Zone (REZ) in Rajasthan. The LoI was received on December 3, 2024, and is contingent upon the company's acceptance and satisfaction of certain conditions within 10 days. The project was secured in the ordinary course of business and does not trigger disclosure requirements under SEBI Listing Regulations.
Key Highlights
- Adani Energy Solutions received a LoI from REC for a Transmission System for Evacuation of Power from a REZ in Rajasthan
- The LoI is contingent upon the company's acceptance and satisfaction of certain conditions within 10 days
- The project was secured in the ordinary course of business
- The project does not trigger disclosure requirements under SEBI Listing Regulations