Adani to invest Rs 2,000 Cr to build 2 transmission lines
POWER & RENEWABLE ENERGY

Adani to invest Rs 2,000 Cr to build 2 transmission lines

On Sunday, a senior representative of Adani Electricity Mumbai announced that the business will spend more than Rs 2,000 crore to construct two new transmission lines in the city. This is a part of their attempts to fortify its network as they get closer to becoming more environmentally friendly by getting up to 60% of the city's energy requirements from renewable sources by 2027. The Thane-Aarey Colony line and the 84 CKm Kharghar (in Navi Mumbai) Vikhroli line are the two new transmission lines. They are located in the northeastern neighborhood of the megalopolis. By 2025, the Vikhroli line will be finished.

"We intend to start working on the project in October. The Thane line will start after the first line and be put into service in 2027, according to a senior company executive who did not want to be identified.

By obtaining Rs 1,700 crore in debt from foreign lenders for the projects being carried out by its parent firm Adani Transmission, the company last week secured financial closure.

On Sunday, a senior representative of Adani Electricity Mumbai announced that the business will spend more than Rs 2,000 crore to construct two new transmission lines in the city. This is a part of their attempts to fortify its network as they get closer to becoming more environmentally friendly by getting up to 60% of the city's energy requirements from renewable sources by 2027. The Thane-Aarey Colony line and the 84 CKm Kharghar (in Navi Mumbai) Vikhroli line are the two new transmission lines. They are located in the northeastern neighborhood of the megalopolis. By 2025, the Vikhroli line will be finished. We intend to start working on the project in October. The Thane line will start after the first line and be put into service in 2027, according to a senior company executive who did not want to be identified. By obtaining Rs 1,700 crore in debt from foreign lenders for the projects being carried out by its parent firm Adani Transmission, the company last week secured financial closure.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code