Adani Transmission (ATL) has reportedly received Competition Commission of India’s (CCI’s) approval to buy Reliance Infrastructure’s western region power transmission projects in Gujarat and Maharashtra. As per the deal, the company will acquire Reliance Infrastructure’s Western Region System Strengthening Scheme (WRSSS) power transmission assets of about 3100 circuit km at an enterprise value of Rs 1000 crore.
In October 2016, the two companies signed a binding term sheet for Reliance Infrastructure’s three operational transmission projects -WRSSS B, WRSSS C and Parbati Koldam Transmission (PKTCL). The company will acquire 74% shareholding in PKTCL from Reliance Infrastructure. PKTCL is a joint venture between Reliance Infrastructure (74%) and Power Grid (26%) and is engaged in power transmission.
Headquartered at Ahmedabad, Gujarat, Adani Transmission is the transmission business arm of the Indian business conglomerate - Adani Group. Be it Engineering, Construction management or Operation & Maintenance, the company has significant presence in the Indian Transmission Sector.