Adani Transmission signs definitive agreement to acquire Alipurduar Transmission Limited from KPTL

Adani Transmission Limited (ATL) has signed a definitive agreement with Kalpataru Power Transmission (KPTL) for acquiring the latter’s project-specific SPV, Alipurduar Transmission Limited at an enterprise value of Rs 12.86 billion.

 ATL expects to complete the acquisition in the next few months. The acquisition of Alipurduar Transmission asset will take ATL closer to its target of setting up 20,000 ckt km of transmission lines by 2022. With the latest acquisition, ATL’s cumulative network will reach more than 15,400 ckt kms, out of which more than 12,200 ckt kms (including this asset) is operational and more than 3,200 ckt kms is under various stages of execution.

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