Adani Energy Solutions Expands Transmission Network with Mahan Acquisition

Adani Energy Solutions Ltd (AESL) has strengthened its transmission infrastructure by acquiring Mahan Transmission Ltd (MTL) for ₹2,200 crore. The acquisition aligns with AESL’s strategic growth plan, enhancing its power evacuation capacity and shareholder value.

Acquisition of Mahan Transmission

AESL signed a share purchase agreement with REC Power Development and Consultancy to acquire a 100% stake in MTL. The project, an intra-state transmission initiative, will evacuate 1,230 MW from Adani Power’s 1,600 MW expansion units at Mahan in Madhya Pradesh. The project involves the installation of 2,800 Mega Volt-Amperes (MVA) of substation capacity and 740 circuit kilometres (ckm) of transmission lines, further extending AESL’s network to 26,668 ckm and 89,986 MVA of transformation capacity. It is scheduled for completion by April 2027.

Strategic Growth and Competitive Bidding

AESL secured the project under the Tariff-Based Competitive Bidding (TBCB) framework, with REC Power Development and Consultancy acting as the bid process coordinator. This marks AESL’s seventh project win in the current financial year, expanding its transmission order book to ₹59,761 crore. The company stated in an exchange filing, “This acquisition is proposed to further AESL’s strategy for enhancing value for its shareholders through organic as well as inorganic opportunities.”

Adani Energy Solutions Limited Share Performance 

As of March 28, 2025, at 2:00 PM, Adani energy solutions share price was trading at ₹869.75 per share, reflecting a decline of 0.36% from its previous closing price.

Conclusion

The acquisition of MTL reinforces AESL’s leadership in India’s power transmission sector, supporting its long-term expansion and efficiency objectives. With a growing order book and continued investments, AESL remains a key player in India’s energy infrastructure.

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