Power Grid Corporation of India Limited — JV/Acquisition, 19-11-2024: Acquisition

Power Grid Corporation of India Limited has acquired Khavda V-A Power Transmission Limited (KVAPTL) for approximately ₹18.95 Crore, securing 100% ownership. This strategic acquisition aims to establish a transmission system facilitating the evacuation of power from a renewable energy zone in Gujarat, with plans for significant infrastructure, including 6000 MW HVDC terminal stations and a lengthy bipole line. KVAPTL, incorporated recently, is aligned with Power Grid's core business and is expected to enhance operational efficiencies and strengthen market positioning in the power transmission sector.