Adani Energy takes over Mahan Transmission

This acquisition supports AESL's plan to create more value for its shareholders.

Adani Energy Solutions has signed a share purchase agreement with REC Power Development and Consultancy Limited (RECPDCL) for the acquisition of Mahan Transmission Limited (MTL).

In a bourse filing, Adani Energy said the equity shares were acquired at a face value of INR 10/- each.

The acquisition is expected to support Adani Energy’s strategy to enhance value for its shareholders through organic as well as inorganic opportunities.

MTL will evacuate 1,230 megawatts (MW) of power from Adani Power’s upcoming 1,600 MW expansion units at Mahan in Singrauli district and feed into the state grid.