Adani buys RInfra's Mumbai power biz for Rs 1,000 cr, aims to reduce debt

proceeds from the stake sale shall be utilised for debt reduction."

Adani Transmission on Wednesday said it had completed the acquisition of operational transmission assets of WRSS Schemes of Reliance Infra for Rs 1,000 crore. In effect, its power-wheeling network crossed the 8,500 circuit km mark.

"Adani Transmission Ltd (ATL) attains a new milestone of 8,500 ckt kms (circuit kilometres) of transmission lines in operation by completing the acquisition of operational transmission assets of Western Region Strengthening System Schemes (WRSSS) - B and C of Reliance Infrastructure Limited (R-Infra)," an ATL statement said.

It further said ATL completed the acquisition of 100 per cent stake of WRTM and WRTG, with operational transmission lines