India: Adani eyes power transmission project of debt-laden Essel Group

Photo: Reuters

Billionaire Gautam Adani is looking to buy a large power transmission project from debt-laden Essel group, two people aware of the discussions said. This will be the latest in a series of acquisitions that has helped shape his infrastructure conglomerate’s dominance in ports and airports.

The 4,000-crore project involves laying about 941km of transmission lines across Maharashtra, Telangana and Andhra Pradesh, and building a sub-station at Warangal. It is being developed by Warora Kurnool Transmission Ltd (WKTL), a special purpose vehicle set up by Essel Infraprojects Ltd in April 2015.

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