Power Grid Corporation of India Limited — JV/Acquisition, 16-01-2025: Acquisition

Power Grid Corporation of India Limited has acquired 100% of Gadag II and Koppal II Transmission Limited for approximately ₹13.24 Cr. This acquisition aligns with Power Grid's strategy to enhance its transmission capacity by establishing a 400kV transmission line in Karnataka and augmenting existing substations. The strategic purpose is to integrate renewable energy generation projects, thereby expanding market reach and operational efficiency. GIIKIITL, incorporated recently, is set to operate in the power transmission sector and will contribute to Power Grid's expansion objectives, although it has yet to commence commercial operations.