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.
