In a significant development in the power transmission sector, Adani Energy Solutions Limited has acquired Mahan Transmission Limited from REC Power Development and Consultancy Limited (RECPDCL). The acquisition deal, valued at ₹3.28 crore, includes a professional fee and reimbursement of expenses. The Share Purchase Agreement (SPA) was officially executed on March 26, 2025, between RECPDCL and the successful bidder, Adani Energy Solutions Limited.

Details of the Acquisition

The acquisition process involved the sale and transfer of Mahan Transmission Limited, an SPV (Special Purpose Vehicle) previously owned by RECPDCL. Notably, Adani Energy Solutions Limited does not belong to the Promoter and Promoter Group of RECPDCL, making this an independent transaction.

Key aspects of the transaction include:

• The deal does not fall under related party transactions.

• The transaction is not classified as a slump sale.

• The sale and transfer were conducted following Ministry of Power guidelines.

Market Impact & Sector Outlook

The acquisition strengthens Adani Energy Solutions Limited's footprint in India's power transmission business. With growing infrastructure investments, the company aims to expand its energy solutions portfolio and enhance transmission networks across key regions.

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Future Prospects

The acquisition aligns with Adani Group's strategic expansion in the energy and infrastructure sector. With government-backed initiatives and power grid enhancements, this move is expected to boost long-term growth and optimize transmission operations.

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With the growing focus on power transmission projects, Adani Energy Solutions Limited is well-positioned for future growth and expansion in the sector. Keep following for further updates on market trends and business developments!