Adani Transmission acquires ₹1,200 crore bid in Madhya Pradesh power project

Adani Transmission is India’s largest private sector power transmission company. It is part of the diversified Adani Group, headquartered in Ahmedabad.

Adani Transmission acquires ₹1,200 crore bid in Madhya Pradesh power project
Adani Transmission acquires ₹1,200 crore bid in Madhya Pradesh power project (Credit: BS)

The Ganga Times, Ahmedabad: Adani Transmission Ltd (ATL) will be pumping a whopping ₹1,200 crore in MP Power Transmission Package-II Limited, incorporated by REC Power Development and Consultancy Ltd. ATL has received the Letter of Intent (LoI) on September 14 for the acquiring the Madhya Pradesh project after it came out victorious in the tariff-based competitive bidding (TBCB) process

For the next 35 years, ATL — India’s largest private sector power transmission company, will build, own, operate and maintain the transmission project in the state of Madhya Pradesh. The project, which covers 18 districts of the central Indian state, includes approximately 850 ckt km of transmission lines, along with air insulated substations of various voltage levels (220kV and 132kV).

ATL’s Rs 1,200 crore capital expenditure is expected to give a new life to the transmission system in Eastern Madhya Pradesh. 

“As the leader in building power transmission infrastructure in the private sector, we are accelerating our panIndia presence through the competitive bidding process and also setting industry benchmarks in sustainable best practices,” said Anil Sardana, MD and CEO, Adani Transmission Ltd. “This newest project will allow us to contribute significantly to the development of the transmission infrastructure in Madhya Pradesh.” he added.

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