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Adani Transmission has acquired operational transmission assets of WRSSS Schemes of Reliance Infra for Rs.1,000 crore.
As per ATL statement, “Adani Transmission Ltd (ATL) attains a new milestone of 8,500 ckt kms (circuit kilometers) of transmission lines in operation by completing the acquisition of operational transmission assets of Western Region Strengthening System Schemes (WRSSS) – B and C of Reliance Infrastructure Limited (R-Infra).”
Further Reliance Infrastructure stated, “Sale of WRSSS transmission business is complete with deal valued at nearly Rs 1,000 crore. The entire proceeds from the stake sale shall be utilized for debt reduction.”
