KEC International Limited has signed a share purchase agreement with Adani Transmission Limited (ATL) for selling its entire stake in KEC Bikaner Sikar Transmission Private Limited (KBSTPL) at an enterprise value of Rs 2.27 billion. The KBSTPL project comprises a 400 kV 344 ckt. km double-circuit Bikaner-Sikar transmission line in Rajasthan. The project was awarded to the company through competitive bidding and was commissioned in December 2017. The acquisition will enhance ATL’s cumulative network to around 12,923 ckt. km.
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