Acquisitions20 Nov 2024, 07:49 pm
Adani Energy Solutions Ltd Acquires Pune-III Transmission Limited for 100% Equity Shares
AI Summary
Adani Energy Solutions Ltd (AESL) has executed a Share Purchase Agreement (SPA) with PFC Consulting Limited to acquire 100% Equity Shares of Pune-III Transmission Limited (PTL). The acquisition includes the establishment of new 2x1500 MVA, 765/400 kV & 3x500 MVA, 400/220 kV Pune-III (GIS) Substations and setting up of ~322 km (816 ckm) transmission line. PTL aims to implement evacuation of 7 GW of Renewable Energy (RE) from Khavda RE Park, under Phase IV Part D package. The acquisition is completed and the Equity Shares are acquired at a face value of Rs.10/- each.
Key Highlights
- Adani Energy Solutions Ltd acquires 100% Equity Shares of Pune-III Transmission Limited
- Acquisition includes establishment of new substations and transmission line
- PTL aims to implement evacuation of 7 GW of Renewable Energy from Khavda RE Park
- Acquisition is completed
- Equity Shares are acquired at a face value of Rs.10/- each