Power Grid Corporation of India Limited — JV/Acquisition, 07-11-2024: Acquisition

Power Grid Corporation of India Limited has successfully acquired Khavda PS1 and 3 Transmission Limited as part of a tariff-based competitive bidding process. This acquisition, valued at approximately Rs. 7.92 Crores, involves establishing reactive compensation systems at two pooling stations in Gujarat. Power Grid now holds 100% ownership of KPS1&3TL, which is focused on power transmission and was incorporated in December 2023. The acquisition aims to enhance Power Grid's operational capabilities in the transmission sector.