Adani Energy Solutions Limited (AESL) has executed a Share Purchase Agreement (SPA) with REC Power Development and Consultancy Limited (RECPDCL) to acquire 100% equity shares of Vizag Power Transmission Limited (VPTL).
The agreement was executed on August 14, 2026, at around 12:30 p.m. IST, AESL said in a stock exchange filing.
The acquisition follows AESL’s July 24 announcement that it had won a transmission project in Andhra Pradesh with an estimated project value of around Rs 8,500 crore.
According to the company’s regulatory disclosure, VPTL operates in the electric utilities sector as a transmission service provider. The target entity has an authorised share capital of ₹5 lakh and paid-up share capital of ₹5 lakh, while turnover is not applicable.
AESL stated that the acquisition is intended to support its strategy of enhancing shareholder value through both organic and inorganic opportunities. VPTL has been planned to facilitate the integration and supply of power to proposed Green Hydrogen and Green Ammonia projects in the Vizag area, catering to an estimated demand of around 4,500 MW.
