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Adani Transmission to invest Rs 1,200 cr to upgrade Mumbai network

Tuesday, 13 Aug 2019

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Adani Transmission is likely to make an investment of Rs 4,000 crore on capital expenditure in FY20, of which about Rs 1,200 crore has been earmarked for power distribution infrastructure in Mumbai.

The company, which is the transmission business arm of the Adani Group, ventured into power distribution business by acquiring the Mumbai electricity distribution business from Reliance Infrastructure in 2018.

The company has operational transmission assets of 11,348 circuit km and projects under execution of another 2,869 circuit km. The company will bid for more transmission projects and is open to other growth opportunities.