Power Grid Corporation of India Limited — JV/Acquisition, 21-03-2025: Acquisition

Power Grid Corporation of India Limited has acquired a 100% stake in Fatehgarh II and Barmer I PS Transmission Limited for approximately Rs. 6.86 Crore. This acquisition aligns with Power Grid's strategic initiative under the Tariff based competitive bidding to enhance its power transmission capabilities. The target entity, incorporated recently, will focus on the augmentation of power transmission infrastructure in Rajasthan. The acquisition is expected to foster operational efficiencies and strengthen Power Grid's market position in the power transmission sector.