Adani Energy Solutions Acquires WRNES Talegaon Power Transmission Ltd
By Ankur Chandra | Updated at: May 31, 2025 10:41 PM IST
Mumbai, May 30, 2025: Adani Energy Solutions Ltd (NSE: ADANIENSOL, BSE: 539254) has completed the acquisition of a 100% stake in WRNES Talegaon Power Transmission Limited from REC Power Development and Consultancy Limited (RECPDCL). The share purchase agreement was signed on May 30, 2025, at 2:30 p.m. IST.
Supporting Green Energy Integration
This acquisition is a key part of Adani Energy Solutions’ strategy to strengthen its portfolio through both organic and inorganic growth. WRNES Talegaon will serve as a vital infrastructure asset to evacuate 1.5 GW of green energy from the upcoming hydro Pumped Storage Projects (PSPs). This energy will supply Mumbai and surrounding demand centres, enhancing the region’s shift towards sustainable power solutions.
Acquisition Snapshot
| Particulars | Details |
|---|---|
| Target Entity | WRNES Talegaon Power Transmission Ltd |
| Industry | Electric Utilities – Transmission Service |
| Authorized Share Capital | ₹5 lakh |
| Paid-Up Share Capital | ₹5 lakh |
| Turnover | Not applicable |
| Date of Incorporation | November 16, 2024 |
| Country of Operations | India |
| Consideration Type | Cash |
| Acquisition Price | ₹10 per share (face value) |
| Stake Acquired | 100% |
| Regulatory Approvals | Not Applicable |
| Completion Status | Completed |
The deal involves no related party transactions or promoter group interests, and no regulatory approvals were required for closure.
Strategic Significance
Adani Energy Solutions reaffirmed its goal of enhancing India’s transmission infrastructure. The company highlighted that WRNES Talegaon’s acquisition supports its commitment to renewable energy integration and improving grid flexibility, key to ensuring consistent power supply to urban centres.
About WRNES Talegaon
Registered on November 16, 2024, with the Registrar of Companies, New Delhi, WRNES Talegaon is a newly formed transmission company with no previous turnover. It has been acquired specifically to develop and operate future-ready green energy infrastructure.
This acquisition reflects Adani Energy Solutions’ ongoing commitment to building India’s next-generation transmission network and accelerating the country’s green energy ambitions.
REF:https://nsearchives.nseindia.com/corporate/ADANITRANS_30052025160508_WRNES.pdf
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