Adani Energy Solutions in Talks to Buy Megha Engineering's Transmission Assets

Adani Energy Solutions Ltd (AESL), the power transmission arm of the Adani Group, is in advanced negotiations to acquire significant infrastructure from Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) as per MoneyControl reports.

Central to the talks is the fully operational Western UP Power Transmission Company Ltd (WUPPTCL), which comprises 7 substations and 12 transmission lines, covering 819 circuit kilometres. This project, with a capacity of 13,220 MVA, is integral to Uttar Pradesh's electricity supply chain. Sources estimate the value of this transaction to range between ₹6,000 to ₹7,000 crore.

Strategic Fit with AESL’s Growth Agenda

This potential acquisition supports AESL's broader strategy of reinforcing its dominance in India's power transmission landscape. With operations across 16 states and a transmission network exceeding 26,600 circuit kilometres, AESL continues to scale through asset acquisitions. 

The company also supplies electricity to over 12 million customers in Mumbai and the Mundra SEZ industrial belt. Additionally, AESL is expanding its smart metering business, having crossed an order book of 22.8 million units. Previous major deals include the ₹3,370 crore acquisition of the Warora-Kurnool Transmission Project in 2021 and the ₹18,800 crore buyout of Reliance Infrastructure’s Mumbai distribution network in 2018.

MEIL’s Restructuring and Asset Monetisation

It is reported by the Economic Times that the deal is unfolding against the backdrop of a major family settlement within MEIL. Founders P Pitchi Reddy and PV Krishna Reddy are undergoing a ₹15,000 crore ownership restructuring, with plans to finalise it by March 2027. Approximately ₹1,000 crore has already been paid. 

Asset monetisation, including the potential sale of transmission assets, is key to funding the settlement. Founded in 2006, MEIL is a prominent EPC player, with involvement in large-scale infrastructure ventures such as the Zoji-La Tunnel, the Kaleshwaram underground pump house, and packages of the Mumbai-Nagpur Expressway. The company also has projects in ports, nuclear power, and urban water supply.

Read more: Adani Group Set for Major Expansion with $100 Billion Capex!

Adani Energy Solutions Share Price Performance 

As of June 26, 2025, at 9:30 AM, Adani Energy Solutions share price is trading at ₹856.25 per share, reflecting a surge of 0.71% from the previous day's closing price. Over the past month, the stock has declined by 2.57%. The stock's 52-week high stands at ₹1,348 per share, while its low is ₹588 per share.

Conclusion 

Adani Energy Solutions’ potential acquisition of MEIL’s Western UP transmission assets marks a strategic move to strengthen its leadership in India’s power transmission sector. 

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