Adani Transmission Ltd. receives the Letter Of Intent (LOI) of an Intra State Transmission Project in Uttar Pradesh boosting the overall Transmission network to ~ 13,548 ckt. kms

Deepthi | Myequity news | Date : 03-12-2018 13:15:00 IST

Adani Transmission Ltd (ATL), the largest private sector power transmission company operating in India has received the LOI from PFC Consulting Limited (A wholly owned subsidiary of PFC Corporation Limited) to build, own, operate and maintain the transmission project in the state of Uttar Pradesh. The project “Obra-C Badaun Transmission Limited” has approximately 625 ckt kms of line at voltage levels of 765 kV and 400 kV. This project is primarily being constructed to establish Transmission System for Evacuation of Power from 2X660MW Obra-C Thermal Power Project with associated transmission lines.

This project has been awarded to ATL through Tariff Based Competitive Bidding Process. With this win, the cumulative transmission network of ATL will reach around 13,548 ckt kms, out of which approximately 9,350 ckt kms are under operation and distribution network of ~ 3 Mn customer. This is the second win for ATL in the state of Uttar Pradesh and will help the Company re-inforce its position as a pan India player and is also expected to bring in the benefits of economies of scale to the business in India.

About Adani Group:

Adani Group is an Indian multinational conglomerate headquartered in Ahmedabad, Gujarat, India. It was founded by Gautam Adani in 1988 as a commodity trading business with the flagship company Adani Enterprises Limited (previously Adani Exports Limited). The Group's diverse businesses include energy, resources, logistics, agribusiness, real estate, financial services, and defence and aerospace. The Group has made the biggest investment by an Indian company in Australia at the controversial Carmichael coal mine, Galilee Basin, Queensland.

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