Adani Group may buy four power assets of KPTL
Adani Group is said to be negotiating approximately Rs. 1,500 crore deal with Kalpataru Power Transmission Limited (KPTL) for four of its transmission lines.
KPTL is considering the sale of four transmission lines, of which two are operational, said news reports. The operational project were developed under the build-own-operate-maintain model with 25-year concession periods. These projects are located in Jhajjar, Haryana and Satpura, Madhya Pradesh. The other transmission lines include the Alipurduar transmission line being built for transferring power to Bhutan and the other the Kohima-Mariani transmission line being built for the north-eastern grid.
Beside the Adani Group, Sekura Energy and China Light and Power (CLP) are also in the fray for these assets. The deal may fetch KPTL around Rs. 1,500 crore.
On Thursday, at 11:28 hours, the stock of Kalpataru Power was trading at Rs. 468.05 per share, down by Rs. 3.35 or 0.72 per cent and Adani Enterprises was at Rs. 120.80 per share, up marginally by 0.04 per cent and Adani Power was at Rs. 41.15, down by 0.48 per cent, while Adani Transmission was at Rs. 207.80 per share, up by 2.65 or 1.29 per cent on BSE.