Indian billionaire Gautam Adani continues to expand his business empire through new ventures and the acquisition of other companies. Now, Adani Energy Solutions Ltd (AESL) on Friday said it has acquired a 100 per cent stake in KPS III HVDC Transmission Ltd from PFC Consulting, PTI reported. The company operates within the electric utilities sector as a transmission service provider.

Adani Energy acquires KPS III HVDC

This acquisition will further AESL's strategy for enhancing value for its shareholders through organic as well as inorganic opportunities, a regulatory filing said. The company did not disclose the deal value. The project is designed to facilitate the evacuation of 2.5 GW of renewable energy, comprising Phase-V scheme of Khavda, which has been planned to enable the evacuatio

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