Adani Energy Solutions acquires Mahan Transmission, appoints new CDO

Adani Energy Solutions (BSE: 539254) announced the execution of a Share Purchase Agreement (SPA) on March 26, 2025, with REC Power Development and Consultancy Limited (RECPDCL) to acquire 100% equity shares of Mahan Transmission Limited ("MTL"). The acquisition is part of Adani Energy Solutions' strategy to enhance value for its shareholders through both organic and inorganic opportunities. MTL will evacuate 1,230 MW of power from Adani Power's upcoming 1,600 MW expansion units at Mahan in Singrauli district and feed it into the state grid. The equity shares of MTL are being acquired at a face value of INR10 each.