Adani Energy Solutions Acquires Mahan Transmission

31 Mar 2025 CW Team

Adani Energy Solutions Ltd (AESL) on Thursday announced it had signed a share purchase agreement (SPA) with REC Power Development and Consultancy Limited (RECPDCL) to acquire 100 per cent equity in Mahan Transmission Limited (MTL).

MTL will facilitate the transmission of 1,230 megawatts of electricity from Adani Power Ltd.'s forthcoming 1,600 MW expansion units at Mahan in Madhya Pradesh’s Singrauli district, supplying power into the state grid, according to a stock exchange disclosure.

“This acquisition is aimed at furthering AESL’s strategy to enhance shareholder value through both organic and inorganic growth avenues,” the statement read. The equity shares of Mahan Transmission are being acquired at a nominal value of Rs 10 each. Shares of Adani Energy Solutions closed 8.3 per cent higher at Rs 870 apiece on Thursday.

Adani Energy Solutions emerged as the successful bidder for this scheme through the tariff-based competitive bidding route, with RECPDCL acting as the bid process coordinator. RECPDCL is a subsidiary of the state-owned REC Ltd.

Last week, AESL secured a power transmission project worth Rs 2,800 crore in Gujarat. The project, expected to be commissioned within 36 months, will provide green energy for the production of Green Hydrogen and Green Ammonia in Mundra. This marked AESL’s sixth contract win in the current financial year, pushing its order book to Rs 57,561 crore.

In January this year, Adani Energy Solutions secured its largest-ever contract—worth Rs 25,000 crore—for the Bhadla (Rajasthan) to Fatehpur (Uttar Pradesh) high voltage direct current (HVDC) transmission project.

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..