The Central Electricity Regulatory Commission (CERC) has granted in-principle approval to Navinal Transmission Limited (NTL), a wholly owned subsidiary of Adani Energy Solutions Limited (AESL), to create a security interest over the assets of its Gujarat transmission project in favour of Catalyst Trusteeship Limited for the benefit of lender Power Finance Corporation (PFC). The approval relates to the "Network Expansion Scheme in Navinal (Mundra) area of Gujarat for drawal of power in the area,"