Business Standard

Adani Transmission to explore all PPP, distribution franchise opportunities

The endeavour of Adani Electricity Mumbai shall be to enhance customer delight by improving commercial and network management services, says chairman Anil Sardana

Anil Sardana
Premium

Amritha Pillay
Post the acquisition of the Mumbai distribution business from Reliance Infrastructure, Anil Sardana, managing director and chief executive officer of Adani Transmission and chairman of Adani Electricity Mumbai (AEML), which is the new subsidiary formed to house the Mumbai distribution business, shares more details on the deal and the road ahead. 

1. How much has been paid upfront to Reliance Infrastructure and are there any further payments to be made which are linked to certain milestones?

The transaction size is Rs 121 billion and besides this about Rs 6.50 billion has been paid on account of approved regulatory assets. Besides

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 31 2018 | 12:15 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com