Adani Energy Solutions Limited (AESL) has finalized the acquisition of Mundra I Transmission Limited (MITL) to bolster its presence in the energy sector, especially in supporting Green Hydrogen and Green Ammonia manufacturing in Mundra, Gujarat. The acquisition, valued at ₹2,800 crore, includes a transmission project aimed at providing power for Green Hydrogen and Green Ammonia production to further India's renewable energy efforts. This project will see enhancements in the Navinal (Mundra) substation infrastructure, including the addition of two 765/400kV transformers and the installation of a 75-kilometer, 765kV double-circuit transmission line to link Navinal to the Bhuj substation. Upon completion, AESL's transmission network will expand by 150 circuit kilometers and its transformation capacity by 3,000 MVA. The successful acquisition of MITL was achieved through a Tariff Based Competitive Bidding (TBCB) mechanism, highlighting the company's commitment to transparent and competitive processes. This marks AESL's sixth significant order win for the fiscal year, with the current order book standing at Rs. 57,561 crore. Mundra I Transmission Limited, the acquired entity, was established in late 2024 and operates in the transmission services sector. The acquisition, funded entirely by cash, was conducted at an arm's length, devoid of related-party connections. The move is anticipated to facilitate the implementation of Phase-I: Part B1 scheme in Mundra, with plans to ramp up capacity to 4,500 MW in the future to support the power needs of Green Hydrogen and Ammonia production units, aligning with India's transition towards cleaner energy sources.