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

Power Grid Corporation of India Limited has acquired Chitradurga Bellary REZ Transmission Limited for approximately Rs. 19.71 Crore, gaining full (100%) control. This acquisition aligns with Power Grid's strategy to expand its footprint in the power transmission sector under the Tariff Based Competitive Bidding (TBCB) route. The project will focus on setting up significant sub-stations and associated transmission lines in Karnataka, which is expected to enhance operational efficiencies and market positioning. The acquisition will also facilitate the integration of renewable energy zones, potentially benefiting shareholders through improved growth prospects.