Adani Energy Solutions fully acquires KPS III HVDC Transmission Limited

Adani Energy Solutions Limited (AESL) announced on December 12, 2025, the execution of a Share Purchase Agreement to acquire 100% of the equity shares of KPS III HVDC Transmission Limited ("KPS III") from PFC Consulting Limited. This acquisition follows a Letter of Intent issued on November 18, 2025.

KPS III, incorporated in India on January 18, 2024, has an authorized and paid-up share capital of INR 1 Lakh and reported nil turnover for FY 2024-25. The acquisition, conducted at arm's length, involves a cash consideration for shares valued at INR 10/- each. This strategic move aims to enhance AESL's shareholder value through inorganic growth opportunities.

The acquisition is key to facilitating the evacuation of 2.5 GW of renewable energy from Phase-V of the Khavda scheme, designed to support an additional 8 GW of RE power from the Khavda RE park. The acquisition process is now complete.