Adani Energy Solutions Limited (AESL) has executed a Share Purchase Agreement (SPA) to acquire 100% equity shares of KPS III HVDC Transmission Limited from PFC Consulting Limited. This acquisition, finalized on December 12, 2025, enhances AESL’s portfolio and aligns with its strategy for both organic and inorganic growth opportunities. KPS III facilitates the evacuation of 2.5 GW of renewable energy.
Acquisition of KPS III HVDC Transmission
Adani Energy Solutions Limited (AESL) announced the execution of a Share Purchase Agreement (SPA) on December 12, 2025, to acquire 100% of the equity shares of KPS III HVDC Transmission Limited from PFC Consulting Limited.
Strategic Rationale
The acquisition of KPS III is in line with AESL’s strategy to enhance value through both organic and inorganic growth opportunities. This move strengthens AESL’s position in the transmission sector.
KPS III Project Details
KPS III HVDC Transmission Limited is involved in electric utilities, specifically transmission services. The project is designed to facilitate the evacuation of 2.5 GW of renewable energy from Phase-V of the Khavda RE park, with plans to enable the evacuation of an additional 8 GW of RE power. KPS III was incorporated on January 18, 2024. The turnover for FY 2024-25 is Nil.
Transaction Details
The acquisition cost is at face value, with equity shares acquired at Rs. 10/- each. The completion of the acquisition occurred on December 12, 2025.
Source: BSE