Power Grid Corporation of India Limited — JV/Acquisition, 24-03-2025: Acquisition

Power Grid Corporation of India Limited has acquired Kurnool-IV Transmission Limited for approximately ₹18.56 Crore, encompassing 100% equity shares and associated assets and liabilities. The acquisition, secured through a competitive bidding process, supports the establishment of a significant transmission system in Andhra Pradesh, aimed at enhancing power distribution efficiency with new substations and transmission lines. This strategic move expands POWERGRID's operational footprint and aligns with its core business in power transmission, potentially yielding increased market share and operational synergies.