Essar sells Mahan-Sipat transmission line to Adani for Rs 1,913 cr

Deal will bolster Adani's presence in central India, help it achieve its 20,000 circuit km target before time

Essar Power Transmission Company (EPTCL) has entered into a definitive agreement with Adani Transmission (ATL) to sell one of its two transmission lines at an enterprise valuation of Rs 1,913 crore.

EPTCL has 465-km transmission lines across three states. The asset sold by the Essar group is an operational 400 kV inter-state transmission line linking Mahan power station in Madhya Pradesh to Sipat in Chhattisgarh pooling substation. The project operates under the CERC-regulated return framework.

Adani Transmission said the acquisition would consolidate its presence in central India. “ATL is well on a path to achieve its 20,000 ckt kms target before time,”