Power Grid Corporation of India Limited — JV/Acquisition, 18-02-2025: Acquisition

Power Grid Corporation of India Limited has acquired 100% of Bidar Transco Limited (BTL) for approximately ₹6.52 crore. This acquisition was made as part of a competitive bidding process for a transmission project in Karnataka, aimed at enhancing the transmission capacity. BTL, which was incorporated in late 2024, will operate in the power transmission sector, aligning with Power Grid's core business. By integrating BTL, Power Grid expects operational synergies and market expansion, although BTL has yet to begin commercial operations.