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

Power Grid Corporation of India Limited has successfully acquired Barmer I Transmission Limited (BITL) to establish a power transmission system in Rajasthan. This acquisition, made under a competitive bidding process, involves establishing a high-voltage substation and related transmission lines. The deal, valued at approximately Rs. 18.89 crores, grants POWERGRID 100% ownership of BITL, which is positioned to operate in the power transmission sector in India.