A quiet Tata-Adani fight for a Rs 7,000 crore cable
The two groups are in the middle of a little-discussed, high-stakes legal battle over a transmission line in Mumbai that has huge ramifications for the power sector.
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Editor's note: A tense legal battle is underway between the Tata and Adani groups—two of India’s biggest conglomerates—for a Rs 7,000 crore underground electricity transmission cable in the heart of Maharashtra. In March this year, the Maharashtra Electricity Regulatory Commission awarded the transmission project to Adani Electricity Mumbai Infra Ltd (AEMIL), a subsidiary of Adani Electricity Mumbai Ltd (AEML), which in turn is a subsidiary of Adani Transmission Ltd. With this project, the Adani group would be able to tap an additional 1,000 megawatts worth of electricity to be supplied to the Mumbai Metropolitan Region. The project was originally conceived in 2011 as a solution to the power woes of the MMR, the country’s financial capital, but saw little to no progress over the course of a decade. It had originally been given to Reliance Infrastructure, part of Anil Ambani’s embattled Reliance Group. In 2018, Adani Transmission had acquired Reliance Infra and all of its licences in the state, particularly the electricity grid for the MMR, for a total of Rs 18,800 crore. That Adani Transmission’s subsidiary would automatically inherit the licence …
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