Friday, 27 December 2013

Adani Power plans to de-merge its transmission line business

Adani Power is planning to de-merge its transmission line business. In this regard, the company’s board will meet on December 28, 2013, to consider and approve demerger of transmission line business of the company and other incidental matters. Post de-merger, the transmission line business will be made a separate subsidiary.

Meanwhile, the company has set up 400 KV dedicated Mundra - Dehgam transmission line of 430 km - longest dedicated transmission line by a private sector player. It has also set up transmission lines from its power station in Tiroda, Maharashtra, to evacuate power to Warora and Aurangabad.

The company is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.

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