Quote on Event Update - Adani Transmission by Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on Event Update - Adani Transmission by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
Adani Transmission Ltd (ATL), India’s largest private sector power transmission company and part of the diversified Adani Group, has received the Letter of Intent (LoI) for the acquisition of MP Power Transmission Package-II Ltd, incorporated by REC Power Development and Consultancy Ltd. ATL will build, own, operate and maintain the transmission project in the state of Madhya Pradesh for a period of 35 years. ATL will invest Rs1,200cr towards the project. This is a positive development for the company, which would support revenue growth going ahead.
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