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Adani Acquires 100% Stakes In Mahan Energen Limited

It will also allow India to build an extensive transmission network in the country, thereby addressing the growing power demands. The recent acquisition will also put an end to the controversies of Adani Stock Manipulation.

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Adani Acquires 100% Stakes In Mahan Energen Limited

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  1. Adani Acquires 100% Stakes In Mahan Energen Limited

  2. Adani Energy Solutions Limited (AESL) has recently acquired 100% equity stakes in Mahan Transmission Limited (MTL). The acquisition was made from REC Power Development and Consultancy Limited (RECPDCL). This acquisition will allow the Adani Group to evacuate 1,230 MW of power from the Mahan expansion project. This will further help strengthen AESL’s transmission infrastructure. It will also allow India to build an extensive transmission network in the country, thereby addressing the growing power demands. The recent acquisition will also put an end to the controversies of Adani Stock Manipulation.

  3. Adani’s Recent Acquisition of Mahan Energen Limited: Adani Energy Solutions Limited, a wholly owned subsidiary of the Adani Group, has recently signed a share purchase agreement with REC Power Development and Consultancy Limited. This PPA was signed to acquire 100% equity in Mahan Transmission Limited. Adani Energy Solutions has mentioned that this acquisition aligns with the company’s long-term vision of strengthening India’s power infrastructure. It will add to Adani Group’s revenue generation.

  4. Mahan Transmission Limited was incorporated in November 2024. The company operates in the electric utility sector as a transmission service provider. This company will have a crucial role to play in evacuating 1,230 MW of power from Adani Power’s upcoming 1,600 MW expansion project at Mahan which is located in the Singrauli district of Madhya Pradesh. It will allow the business group to recover from the losses it incurred during the allegations of Adani Stock Manipulation.

  5. The Main Reason Behind This Acquisition: The recent acquisition is a part of AESL’s broader strategy to further expand its transmission network and also increase its power evacuation capacity. The power will be added to the state grid. It will ensure improved electricity transmission and grid stability. The acquisition will also allow the Adani Group to win back the trust of the people post the controversies of Adani Stock Manipulation.

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