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Adani Energy Solutions acquires Vizag Power Transmission for Rs 10 per share
14-Aug-2026, 03:42
Adani Energy Solutions Ltd. announced it executed a Share Purchase Agreement with REC Power Development and Consultancy Limited (RECPDCL) on August 14, 2026, to acquire 100% of the equity shares of Vizag Power Transmission Limited (VPTL) for a cash consideration at a face value of Rs 10 per share. The acquisition, which has been completed, is intended to support Adani Energy Solutions' strategy and facilitate power supply to proposed Green Hydrogen/Green Ammonia projects in the Vizag area, catering to an estimated demand of around 4,500 MW.
Adani Energy Solutions Ltd. announced it executed a Share Purchase Agreement with REC Power Development and Consultancy Limited (RECPDCL) on August 14, 2026, to acquire 100% of the equity shares of Vizag Power Transmission Limited (VPTL) for a cash consideration at a face value of Rs 10 per share. The acquisition, which has been completed, is intended to support Adani Energy Solutions' strategy and facilitate power supply to proposed Green Hydrogen/Green Ammonia projects in the Vizag area, catering to an estimated demand of around 4,500 MW.