Essar Power to sell transmission asset to Adani for Rs 1,913 crore

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Essar Power Transmission Company Limited (EPTCL), an arm of Essar Power, has 465-km transmission lines across three Indian states. The asset transacted is an operational 400 kV (kilovolt) inter-state transmission line linking Mahan in Singrauli, Madhya Pradesh to Sipat pooling substation in Bilaspur, Chattisgarh.

Essar Power Limited, has entered into a definitive agreement with Adani Transmission Limited (ATL) to sell one of its two transmission lines for Rs 1,913 crore, the companies said Friday.

Essar Power Transmission Company Limited (EPTCL), an arm of Essar Power, has 465-km transmission lines across three Indian states.

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