Adani Energy Solutions Ltd (AESL), formerly known as Adani Transmission, has acquired an under-development transmission project from Hyderabad-based Megha Engineering & Infrastructures (MEIL). AESL will buy 100% equity shares of the special purpose vehicle company KPS 1 at a face value of Rs 10 apiece. The acquisition is in line with AESL’s strategy to enhance value for its shareholders through organic and inorganic opportunities. The KPS1 project aims to implement the KPS1-Khavda PS GIS (KPS2) 765 kV double circuit line and augmentation of Khavda PS1. AESL is currently developing a 20-gigawatt hybrid renewable energy park in Khavda, Gujarat.