Essar Power Limited, India’s first private sector independent power producer has entered into a definitive agreement with Adani Transmission Limited to sell one of its two transmission lines for Rs 1,913 crore. Essar Power Transmission Company Limited (EPTCL) has 465-km transmission lines across three Indian states.
The sale is a part of deleveraging strategy following which Essar has repaid over Rs 1.8 lakh crore to banks and financial institutions in the last three years - the largest debt repayment in the history, , Adani Transmission, essar power
Adani Transmission Ltd. (ATL), India’s largest private sector transmission and distribution company, today said it had signed definitive agreements with Essar Power Ltd. (EPL) for acquiring the 673 ckt kms operational Mahan-Sipa inter-state transmission project owned and operated by Essar Power Transmission Ltd. (EPTCL).