INSUBCONTINENT EXCLUSIVE:
Jamnagar Transmission Ltd (JTL) is established for the development of network expansion scheme in Gujarat
| Representative Image: Shutterstock1 min read Last Updated : Oct 15 2024 | 9:13 PM IST
Adani Energy Solutions Ltd (AESL) on Tuesday said
it has acquired two project special purpose vehicles from PFC Consulting Ltd for cash consideration of about Rs 38 crore.
In two separate
BSE filings, AESL stated that on October 14, 2024 it executed share purchase agreements with PFC Consulting Ltd (PFCCL) for acquiring 100
per cent equity shares of Jamnagar Transmission Ltd and Navinal Transmission Ltd.Click here to connect with us on WhatsApp
PFCCL, a
subsidiary of Power Finance Corporation, received a cash consideration of Rs 19,28,48,589 for JTL and Rs 19,14,40,997 for NTL.
Jamnagar
Transmission Ltd (JTL) is established for the development of network expansion scheme in Gujarat for drawl of about 3.6 GW load under
distribution licensee and green hydrogen.(Only the headline and picture of this report may have been reworked by the Business Standard
staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Oct 15 2024 | 9:13 PMIST
