Adani Energy Solutions Limited (AESL) has executed a Share Purchase Agreement (SPA) with PFC Consulting Limited (PFCCL) to acquire 100 per cent equity shares of Satara Power Transmission Limited (SPTL). The agreement was executed on October 6, 2026,
The acquisition follows AESL’s August 26, 2026 announcement regarding its INR 4,700 crore transmission project in Maharashtra for the evacuation of 4,500 MW of renewable and storage power.
SPTL operates in the electric utilities sector as a transmission service provider. The company has an authorised share capital of INR 1 lakh and a paid-up share capital of INR 1 lakh. Its turnover is not applicable.
According to AESL, the acquisition is part of its strategy to enhance shareholder value through both organic and inorganic opportunities.
SPTL has been planned to facilitate an additional 765 kV inter-regional corridor between the Southern Region (SR) and Western Region (WR) grids, covering the Narendra–Kolhapur–Satara–Pune-III / Pune (East) 765 kV corridor.
The corridor is expected to enable additional evacuation of renewable energy power from Karnataka towards load centres and pumped storage power (PSP) projects in the Satara, Pune and Mumbai Metropolitan Region (MMR) areas of Maharashtra.
The acquisition has been completed and involves cash consideration. AESL is acquiring the equity shares at a face value of INR 10 per share, representing 100 per cent shareholding and control of SPTL.
SPTL was incorporated in India and registered with the Registrar of Companies, New Delhi, on July 10, 2026. The company’s turnover history for the last three years is not applicable.
AESL stated that the acquisition does not fall under related-party transactions, and there is no interest of the promoter, promoter group or group companies in the entity being acquired. No governmental or regulatory approvals are applicable for the acquisition.
