Power Grid Corporation of India Limited — JV/Acquisition, 10-01-2025: Acquisition

Power Grid Corporation of India Limited has announced an acquisition of Kudankulam ISTS Transmission Limited (KISTSTL) for approximately ₹7.44 Crore. This strategic move aims to establish a transmission system for evacuating power from Kudankulam Units 3 and 4 (2x1000 MW). By acquiring 100% stake, Power Grid looks to enhance its power transmission capabilities in Tamil Nadu. KISTSTL, which was incorporated in mid-2024, is set to operate in the transmission sector and, although it has yet to begin commercial operations, it positions Power Grid for future growth and operational efficiencies in its core business.