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

Power Grid Corporation of India Limited has acquired Rajasthan V Power Transmission Limited for approximately ₹18.63 Crore, obtaining 100% ownership. This acquisition, part of a Tariff Based Competitive Bidding process, aims to enhance Power Grid's capacity in power transmission, particularly for the upcoming “Transmission system for evacuation of power from Rajasthan REZ Ph-V (Part-1: 4 GW)” project. The purchased entity, incorporated recently, will focus on power transmission operations. The deal highlights Power Grid's strategic move to expand and strengthen its portfolio within the power transmission industry, potentially positioning it for future growth and operational efficiencies.