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Power Grid Corporation of India Limited has acquired 100% of Banaskantha Transco Limited for approximately ₹6.54 Crore. This acquisition, executed under the Tariff Based Competitive Bidding route, aims to establish the "Augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS)" on a build, own, operate, and transfer basis. The strategic intent behind this move is to enhance operational capacity in the power transmission sector, aligning with Power Grid's core business. As Banaskantha Transco is yet to commence commercial operations, it currently has no recorded turnover, but the acquisition positions Power Grid for future growth in the power infrastructure space.
All announcements from Power Grid Corporation of India Limited