The company acquired KEC Bikaner Sikar Transmission Private Limited (KECBSTPL) at an enterprise value of around Rs. 227 cr.
February 8, 2019
Adani Transmission has acquired KEC Bikaner Sikar Transmission Private Limited (KECBSTPL) having operational transmission lines aggregating 344 circuit km at an enterprise value of Rs. 227 crore.
The deal was initially announced in November, 2018, and has been subject to regulatory approvals which were finally received.
With the completion of this acquisition, the cumulative network of the company will reach around 13,450 ckt kms, out of which around 10,355 ckt kms are under operation and the balance 3,095 ckt kms, are under various stages of construction.
