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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
( R e d i r e c t e d f r o m A d a n i T r a n s m i s s i o n )
Electric power transmission company in India
Adani Energy Solutions Ltd , formerly known as Adani Transmission Ltd ,[4] electric power transmission company headquartered in Ahmedabad .[5] [6] [7] [8] [9]
History [ edit ]
Adani Transmission was founded by Gautam Adani in December 2015 after separating the decade-old transmission business from Adani Enterprises .[5] Mundra Thermal Power Station , connecting Mundra –Dehgam , Mundra –Mohindergarh and Tirora –Warora . [citation needed
In July 2023, the company was renamed to Adani Energy Solutions[10] [11]
Mergers and acquisitions [ edit ]
In 2015, ATL acquired three wholly owned subsidiaries of PFC Consulting, which itself is a subsidiary of Power Finance Corporation – the Chhattisgarh -WR transmission line, Sipat transmission line connecting with Sipat Thermal Power Station and Raipur -Rajnandgaon -Warora transmission line.[12]
In 2016, ATL further acquired the GMR Group ’s transmission assets in the state of Rajasthan — the Maru Transmission Services Ltd (MTSL) and Aaravalli Transmission Services Ltd (ATSL).[13] Reliance Infrastructure 's transmission assets of the Western Region System Strengthening Scheme (WRSSS).[14]
In December 2017, the company obtained a share purchase agreement (SPA) for the acquisition of the Mumbai Generation Transmission & Distribution (GTD) business from Reliance Infrastructure.[15] [16] [17] [18] Mumbai .[19]
In February 2019, ATL acquired KEC International 's Bikaner -Sikar transmission asset in Rajasthan .[20] [21] [22] [23] Bikaner -Khetri transmission project in Rajasthan.[24] [25] [26]
In July 2020, the company signed definitive agreements with Kalpataru Power Transmission (KPTL) for acquiring Alipurduar Transmission.[27] [28] [9] [29] Bihar and West Bengal .[8]
In May 2024, the company announced its acquisition of Essar's Mahan-Sipat transmission assets for Rs. 1,900 crore through its wholly owned subsidary Adani Transmission Step Two (ATST). This move will consolidate its presence in Central India with 4 operating assets of 3373 ckt km in the region [30]
Controversies [ edit ]
Allegations of stock manipulation [ edit ]
In January 2023, Hindenburg Research published the findings of a two-year investigation claiming that Adani had engaged in market manipulation and accounting malpractices; Hindenburg also disclosed that it was holding short positions on Adani Group companies.[31] [32] [33] [34] [35] [36] [37]
References [ edit ]
^ a b c d e "Adani Transmission Ltd. Financials" (PDF) . bseindia.com .
^ "Adani Transmission Limited" . Adani Group . Retrieved 13 April 2023 .
^ "Adani Transmission is now renamed to Adani Energy Solutions Ltd" . Mint . 27 July 2023. Retrieved 26 September 2023 .
^ a b "Adani Transmission Ltd" . Business Standard India . Retrieved 27 November 2020 .
^ Linking Up: Public-Private Partnerships in Power Transmission in Africa (PDF) . Washington DC: World Bank . 2017. p. 83.
^ "Adani Transmission Receives LOI for Transmission Project in Maharashtra" . www.saurenergy.com . Retrieved 27 November 2020 .
^ a b "Adanis buy power asset in Bengal" . www.telegraphindia.com . Retrieved 27 November 2020 .
^ a b "Adani Transmission to acquire Alipurduar Transmission from Kalpataru" . The Hindu . 6 July 2020. ISSN 0971-751X . Retrieved 27 November 2020 .
^ "Adani Transmission renames itself as Adani Energy Solutions" . Moneycontrol . 27 July 2023. Retrieved 31 August 2023 .
^ "Anil Sardana on why Adani Transmission was renamed Adani Energy Solutions, expansion, capex plans & more" . The Economic Times . 1 August 2023. ISSN 0013-0389 . Retrieved 31 August 2023 .
^ "Adani Transmission acquires three subsidiaries from PFC Consulting" . www.indiainfoline.com . Retrieved 27 November 2020 .
^ Bureaus, Our. "Adani inks agreement to acquire stake in GMR Energy's transmission projects" . @businessline . Retrieved 27 November 2020 .
^ "Adani arm completes buy of RInfra's western region transmission assets" . @businessline . Retrieved 27 November 2020 .
^ Dutta, Sanjay (22 December 2017). "Reliance Energy: Adani acquires Mumbai business of debt-hit Reliance Energy for Rs 19,000 crore - Times of India" . The Times of India . Retrieved 27 November 2020 .
^ "Adanis buy Reliance Infrastructure's Mumbai power business" . The Economic Times . Retrieved 27 November 2020 .
^ "Reliance Infra's sale of Mumbai power ops to Adani gets regulatory nod" . The Economic Times . Retrieved 27 November 2020 .
^ "Reliance Infrastructure to sell Mumbai power business to Adani Transmission for Rs 18,800 crore" . The Economic Times . Retrieved 27 November 2020 .
^ "Adani takes over Reliance Infrastructure's Mumbai energy business for Rs 18,800 crore" . The New Indian Express . Retrieved 27 November 2020 .
^ Singh, Sarita C. "Adani Transmission completes acquisition of KEC International's project for Rs 228 crore" . The Economic Times . Retrieved 27 November 2020 .
^ "KEC International completes transmission asset sale to Adani for ₹227 crore" . @businessline . Retrieved 27 November 2020 .
^ PTI (5 November 2018). "Adani arm to buy KEC International's power transmission unit" . mint . Retrieved 27 November 2020 .
^ Umarji, Vinay (8 February 2019). "Adani closes KEC's Transmission asset acquisition deal, buys 100% stake" . Business Standard India . Retrieved 27 November 2020 .
^ "Energy News Monitor | Volume XVI; Issue 16" . ORF . Retrieved 27 November 2020 .
^ www.ETEnergyworld.com. "Adani Transmission acquires Bikaner-Khetri project in Rajasthan - ET EnergyWorld" . ETEnergyworld.com . Retrieved 27 November 2020 .
^ "Adani Transmission acquires Bikaner-Khetri project in Rajasthan" . Moneycontrol . Retrieved 27 November 2020 .
^ Pillay, Amritha (6 July 2020). "Adani Transmission to buy Kalpataru's transmission asset for Rs 1,286 cr" . Business Standard India . Retrieved 27 November 2020 .
^ "Adani Transmission inks pact with KPTL to buy Alipurduar Transmission" . The New Indian Express . Retrieved 27 November 2020 .
^ PTI. "Adani Transmission inks pact with Kalpataru Power to buy Alipurduar Transmission" . @businessline . Retrieved 27 November 2020 .
^ "Adani Energy completes acquisition of Essar's Mahan-Sipat transmission assets for Rs 1,900 cr" . Moneycontrol . Retrieved 16 May 2024 .
^ "Adani Group: How The World's 3rd Richest Man Is Pulling The Largest Con In Corporate History" . hindenburgresearch.com . Hindenburg Research . 24 January 2023. Retrieved 24 January 2023 .
^ Thomas, Chris; Kalra, Aditya (25 January 2023). "Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge" . Reuters . Retrieved 25 January 2023 .
^ Sorkin, Andrew Ross; Mattu, Ravi; Warner, Bernhard; Kessler, Sarah; Merced, Michael J. de la; Hirsch, Lauren; Livni, Ephrat (25 January 2023). "A Short Seller Takes Aim at an Indian Corporate Giant" . The New York Times . Retrieved 25 January 2023 .
^ Lockett, Hudson (25 January 2023). "Adani shares take $10.8bn hit after Hindenburg bets against group" . Financial Times . Retrieved 25 January 2023 .
^ Lee, Jihye (25 January 2023). "Adani shares fall as short seller firm Hindenburg announces short position" . CNBC . Retrieved 25 January 2023 .
^ Kay, Chris; Vishnoi, Abhishek; Joshi, Ashutosh (25 January 2023). "Hindenburg Targets Asia's Richest Man, Triggering Adani Selloff" . Bloomberg News . Retrieved 25 January 2023 .
^
Madhok, Diksha (25 January 2023). "Asia's richest man slams short-seller's fraud claims as 'baseless' and 'malicious' . CNN Business . Atlanta, Georgia, USA. Retrieved 25 January 2023 .
External links [ edit ]
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Adani_Energy_Solutions&oldid=1230420747 " C a t e g o r i e s : ● C o n v e r t e r s t a t i o n s ● E l e c t r i c p o w e r t r a n s m i s s i o n i n f r a s t r u c t u r e i n I n d i a ● C o m p a n i e s b a s e d i n A h m e d a b a d ● E l e c t r i c p o w e r t r a n s m i s s i o n s y s t e m o p e r a t o r s i n I n d i a ● A d a n i G r o u p ● U t i l i t i e s o f I n d i a ● 2 0 1 5 e s t a b l i s h m e n t s i n G u j a r a t ● I n d i a n c o m p a n i e s e s t a b l i s h e d i n 2 0 1 5 ● E n e r g y c o m p a n i e s e s t a b l i s h e d i n 2 0 1 5 ● C o m p a n i e s l i s t e d o n t h e N a t i o n a l S t o c k E x c h a n g e o f I n d i a ● C o m p a n i e s l i s t e d o n t h e B o m b a y S t o c k E x c h a n g e H i d d e n c a t e g o r i e s : ● A r t i c l e s w i t h s h o r t d e s c r i p t i o n ● S h o r t d e s c r i p t i o n i s d i f f e r e n t f r o m W i k i d a t a ● U s e d m y d a t e s f r o m J u n e 2 0 2 2 ● U s e I n d i a n E n g l i s h f r o m J u n e 2 0 2 2 ● A l l W i k i p e d i a a r t i c l e s w r i t t e n i n I n d i a n E n g l i s h ● A l l a r t i c l e s w i t h u n s o u r c e d s t a t e m e n t s ● A r t i c l e s w i t h u n s o u r c e d s t a t e m e n t s f r o m J u n e 2 0 2 2
● T h i s p a g e w a s l a s t e d i t e d o n 2 2 J u n e 2 0 2 4 , a t 1 6 : 2 5 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
₹17,218 crore (US$2.1 billion)[2] (2024)
₹1,195 crore (US$140 million)[2] (2024)
