Adani Transmission Limited (ATL) has signed agreements with Essel InfraProjects Limited (EIL) for the acquisition of Warora-Kurnool Transmission Limited (WKTL). WKTL has been awarded a concession to develop, operate and maintain transmission lines aggregating to around 1,750 ckt km. The 765 kV inter-state transmission line will connect Warora–Warangal, and Chilakaluripeta-Hyderabad–Kurnool with a 765/400 kV new sub-station at Warangal. The project was awarded through a competitive bidding process on a build, own, operate, maintain basis.

ATL’s acquisition values the Enterprise Valuation of the target at INR 33.70 billion (US$ 465.17 million). The regulatory approval for substitution of the original awardee in the contract by ATL has already been received from Central Electricity Regulatory Commission. The lenders' consent and other necessary regulatory approvals shall be obtained before the closure of the transaction.