Adani Transmission Acquires Ghatampur Transmission From RECTPCL
2018-06-20 Merger and Acquisitions Power Northern India
Adani Transmission Limited has acquired 100% Equity Share Capital of Ghatampur Transmission Limited (GTL) from REC Transmission Projects Company Limited (RECTPCL). GTL was incorporated in December 2016 by RECTPCL to establish Transmission System for Evacuation of Power from 3X660MW Ghatampur Thermal Power Project. The project has approximately 900 ckt km of line at voltage levels of 765 KV and 400 KV. The company has acquired it from RECTPCL pursuant to the tariff based competitive bidding process carried out by RECTPCL.