Adani Transmission acquires RInfra WRSSS assets for Rs 10 billion

Adani Transmission Limited (ATL) has acquired the operational transmission assets of Reliance Infrastructure Limited’s (RInfra) Western Region System Strengthening Schemes for Rs 10 billion. RInfra will utilise the proceeds from the asset sale for debt reduction. Following the acquisition, ATL’s total transmission portfolio has crossed the 8,500 ckt. km mark. ATL has also acquired a 100 per cent stake in Western Region Transmission Maharashtra and Western Region Transmission Gujarat, which have an aggregate transmission network of 3,063 ckt. km.