+91 70111 97831
  • About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Contact us
Saturday, August 20, 2022
Business Connect | Best Business magazine In India
Upcoming Event
  • News
    • All
    • Blog
    Hyundai becomes world's 3rd-largest Automaker

    Hyundai becomes world’s 3rd-largest Automaker

    FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

    FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata's investment

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata’s investment

    This was the reason for Rakesh Jhunjhunwala's untimely demise

    This was the reason for Rakesh Jhunjhunwala’s untimely demise

    Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'

    Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    India may ban Chinese phones under INR 12,000: Report

    India may ban Chinese phones under INR 12,000: Report

    CWG 2022: Most medals rained on the 10th day, Indiawon 15 medals including 5 gold

    CWG 2022: Most medals rained on the 10th day, India won 15 medals including 5 gold

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
  • News
    • All
    • Blog
    Hyundai becomes world's 3rd-largest Automaker

    Hyundai becomes world’s 3rd-largest Automaker

    FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

    FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata's investment

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata’s investment

    This was the reason for Rakesh Jhunjhunwala's untimely demise

    This was the reason for Rakesh Jhunjhunwala’s untimely demise

    Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'

    Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    India may ban Chinese phones under INR 12,000: Report

    India may ban Chinese phones under INR 12,000: Report

    CWG 2022: Most medals rained on the 10th day, Indiawon 15 medals including 5 gold

    CWG 2022: Most medals rained on the 10th day, India won 15 medals including 5 gold

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home News

Essel’s Transmission Project May Go To Adani

Anurag Tiwari by Anurag Tiwari
October 21, 2020
in News
Essel's Transmission Project May Go To Adani
Share on FacebookShare on Twitter

Essel’s Transmission Project May Go To Adani

By: Sneha Chaudhary

  • Adani Is Looking To Buy Essel’s Transmission Project
  • Transmission Lines Laying About 941KM And Involves 4000-Crore
  • Biggest Transmission Project Ever In Private Sector

Billionaire Gautam Adani is looking to buy from the debt-charged Essel Company a major power transmission project, two individuals aware of the discussions said. It will be the newest in a string of deals that have helped form the acquisitions of the conglomerate infrastructure in ports and airports.

The project involves the construction of approximately 941 km of transmission lines across Maharashtra, Telangana and Andhra Pradesh and the establishment of a Warangal substation. Warora Kurnool Transmission Ltd (WKTL), a special-purpose vehicle set up in April 2015 by Essel Infraprojects Ltd, is designing it.

This is one of the largest transmissions projects the private sector has ever been provided to develop and operate. However, considering the debt issues of Essel, they had failed to put in the equity required to complete the project and, thus, the lenders undertook a replacement process to bring in a new sponsor, Adani Transmission Ltd., to build the Project. Yes Bank, which is the key lender for this initiative, has led the procedure, said one of the two people cited above on condition of anonymity. The Company is currently pending on regulatory clearances, he said.

According to the new credit rating report by Care Ratings, the overall project expenditure of Rs 4,000 crore is to be financed by a loan of Rs 2,790 crores and equity of Rs 1,210 crores. As of 31 December 2018, the Essel group had infused into the Project just about 458.5 crore equity. The entity cited above added that about 1,200 crore debt had been disbursed for the Project so far.

This would be the first transfer of an asset in the transmitting space, said the second person quoted above.

“The substitution path has been placed on the market for the stressed donor to leave the planned substitute to help lenders.”The second person added that the struggling sponsor with one that has a strong balance sheet could conduct the Project and operate it.

The Adani group has significantly grown by acquisitions in the last couple of years. In the ports market, where Adani is now the largest private-sector port operator, the Company has recently acquired a 75 per cent interest in Krishnapatnam Port Co. Ltd. at an estimated value of nearly 12,000 crores.

Previous Post

Restructuring Strategies: Bars & Restaurants Adapting the New Normal

Next Post

Limited Edition Of Maruti Suzuki Swift Launched With Additional Features

Related Posts

Hyundai becomes world's 3rd-largest Automaker
News

Hyundai becomes world’s 3rd-largest Automaker

by Anurag Tiwari
August 20, 2022
0

Hyundai becomes world's 3rd-largest Automaker By Sanjay Maurya Hyundai Motor Group is now the third largest automaker in the world...

FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left
News

FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

by Anurag Tiwari
August 19, 2022
0

FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left By Sanjay Maurya A total of 2.45...

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

August 18, 2022
GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata's investment

GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata’s investment

August 17, 2022
This was the reason for Rakesh Jhunjhunwala's untimely demise

This was the reason for Rakesh Jhunjhunwala’s untimely demise

August 16, 2022
Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'

Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

August 12, 2022
Next Post
Limited Edition Of Maruti Suzuki Swift Launched With Additional Features

Limited Edition Of Maruti Suzuki Swift Launched With Additional Features

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Hyundai becomes world's 3rd-largest Automaker

Hyundai becomes world’s 3rd-largest Automaker

August 20, 2022
QUALITYKIOSK

QUALITYKIOSK

August 19, 2022
4point2 Technologies

4point2 Technologies

August 19, 2022
FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

August 19, 2022

Recent News

Hyundai becomes world's 3rd-largest Automaker

Hyundai becomes world’s 3rd-largest Automaker

August 20, 2022
QUALITYKIOSK

QUALITYKIOSK

August 19, 2022
4point2 Technologies

4point2 Technologies

August 19, 2022
FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

August 19, 2022

Recommended

CONSTECNER TECHNOLOGIES

CONSTECNER TECHNOLOGIES

July 21, 2022
Coronavirus wipes more than USD 50 billion off global exports in February alone | Business Connect

Coronavirus takes down USD 50 billion in global exports in February alone

March 5, 2020

Most Popular

Hyundai becomes world's 3rd-largest Automaker
News

Hyundai becomes world’s 3rd-largest Automaker

August 20, 2022
QUALITYKIOSK
Lounge Interviews

QUALITYKIOSK

August 19, 2022
4point2 Technologies
Cover Story

4point2 Technologies

August 19, 2022

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Contact Information

Address: 807, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail:

  • abhishek@businessconnectindia.in
  •  events@businessconnectindia.in
  •  info@businessconnectindia.in

Recent News

Hyundai becomes world's 3rd-largest Automaker

Hyundai becomes world’s 3rd-largest Automaker

August 20, 2022
QUALITYKIOSK

QUALITYKIOSK

August 19, 2022
4point2 Technologies

4point2 Technologies

August 19, 2022

Request a call back

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV

© 2020 All Rights Reserved by Business Connect India