 "power distribution, electricity, electricity transmission")
It is less than a year since Adani Group bought Reliance Group’s power distribution business in Mumbai. The new firm has had its hands full with a petition filed from its competitor, a legacy issue of pending renewable purchase obligations (RPOs) and lack of long-term power supply arrangements.
In August 2018, Reliance Infrastructure (the Anil Ambani group) sold its Mumbai distribution business to Adani Transmission for Rs 12,700 crore. The distribution asset is housed under a subsidiary called Adani Electricity Mumbai (AEML).
CARE Ratings in a note on AEML said its long-term rating for the company continues to remain constrained, as Adani
