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Adani Energy Solutions Ltd acquires Khavda Phase-IV Part-A transmission project to evacuate 7GW renewable energy

Sep 02, 2024

Acquiring Company

Adani Energy Solutions Ltd

Acquired Company

Adani Global Limited

Abu DhabiAhmedabadInformation TechnologyEnergyOil And GasSoftwareRenewable EnergyEnergy ManagementUtilitiesEnergyOil And GasArtificial IntelligenceTransportationRenewable EnergyBlockchainSolarConsultingMiningLogisticsBiomass EnergyUtilities

Description

Adani Energy Solutions Ltd (AESL) has strategically acquired the Khavda Phase-IV Part-A transmission project, a crucial step in expanding its presence in the renewable energy sector. With this acquisition, AESL aims to contribute to India's decarbonization goals by effectively evacuating 7GW of renewable energy from the Khavda Renewable Energy Park to the National Grid, representing a significant milestone in India's renewable energy journey.

Quick answer

Adani Energy Solutions Ltd is acquiring Adani Global Limited, announced September 2, 2024. Adani Energy Solutions Ltd is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates.

How much did Adani Energy Solutions Ltd pay for Adani Global Limited?
The deal value was not disclosed.
What does Adani Energy Solutions Ltd do?
Adani Esyasoft Smart Solutions Ltd (AESSL) is an Abu Dhabi-based company focused on developing smart solutions including smart metering software, load forecasting, revenue maximization, and other efficiency-based..
Where are Adani Energy Solutions Ltd and Adani Global Limited based?
Adani Energy Solutions Ltd is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates. Adani Global Limited is based in Ahmedabad, Gujarat, India.
Who are the decision-makers at Adani Energy Solutions Ltd?
Fundz holds 1 contact at Adani Energy Solutions Ltd. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Adani Energy Solutions Ltd

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

Adani Esyasoft Smart Solutions Ltd (AESSL) is an Abu Dhabi-based company focused on developing smart solutions including smart metering software, load forecasting, revenue maximization, and other efficiency-based software products and solutions. It aims to cater to the utilities sector in India and globally.

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Frequently asked

Who acquired Adani Global Limited?

Adani Global Limited was acquired by Adani Energy Solutions Ltd, based in Abu Dhabi. The deal was reported on September 2, 2024. Adani Energy Solutions Ltd is privately held and operates in Information Technology.

When did Adani Energy Solutions Ltd acquire Adani Global Limited?

Adani Energy Solutions Ltd's acquisition of Adani Global Limited was reported on September 2, 2024. Adani Energy Solutions Ltd (AESL) has strategically acquired the Khavda Phase-IV Part-A transmission project, a crucial step in expanding its presence in the renewable energy sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Adani Global Limited do?

Adani Global Limited is a subsidiary of Adani Enterprises, focusing on diverse business sectors including metals and mining. The company aims to enhance its operations in alumina extraction and aluminium smelting. It is privately held, operating in Energy, and is based in Ahmedabad.

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