Current Affairs - Business - Discussion

Reliance Infrastructure has sold its Mumbai city power distribution business to Adani Transmission Limited (ATL) for Rs.18,800 crore. Reliance Mumbai Metro is a marquee project. This acquisition makes ATL, the largest deal in the Indian power sector till date. It is presumed that the profitability of Reliance Infrastructure will not be affected on the whole. Reliance Energy had an EBITDA of around Rs.1,500 crore, which would reflect in lower EBITDA for Reliance Infrastructure after this deal.