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Adani Energy Solutions in talks to acquire Megha Engineering's Western UP transmission assets for Rs 6,000-7,000 crore: Report
By Aditya Bhagchandani Published on June 25, 2025, 10:30 IST
Shares of Adani Energy Solutions (AESL) are likely to remain in focus after a Moneycontrol report stated that the Adani Group's power transmission arm is in advanced discussions to acquire key transmission assets from Hyderabad-based Megha Engineering & Infrastructures Limited (MEIL).
At the center of these talks is Western UP Power Transmission Company Limited (WUPPTCL), a fully operational project in Uttar Pradesh with seven substations and 12 transmission lines spanning over 819 circuit kilometers. The project has a massive transmission capacity of 13,220 MVA and plays a critical role in delivering power across the state.
According to sources cited in the report, the deal is expected to value the Uttar Pradesh project at around Rs 6,000-7,000 crore. Adani Energy Solutions may also evaluate MEIL's other under-construction transmission assets in future phases, although those are not part of this deal currently.
This potential acquisition aligns with AESL's strategic aim of expanding its leadership in India's transmission sector. With operations already spanning 16 states and a cumulative network exceeding 26,600 ckm, AESL continues to strengthen its presence through aggressive asset buys. The company recently crossed a smart meter order book of 22.8 million units.
The development comes amid ongoing restructuring at MEIL, where the founding uncle-nephew duo, P Pitchi Reddy and PV Krishna Reddy, are working on a Rs 15,000 crore family settlement plan. Reports indicate that asset monetization will play a key role in funding this settlement.
This is a developing story and further details are awaited.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
