Power Grid Corporation of India Limited — JV/Acquisition, 27-03-2025: Acquisition

Power Grid Corporation of India Limited has acquired Kurnool III PS RE Transmission Limited for approximately Rs. 19.04 Crore. This acquisition was executed under the Tariff-based competitive bidding process and gives Power Grid 100% control over KPRTL, which is set to enhance its transmission capabilities in Andhra Pradesh. KPRTL's purpose is to establish a transmission system for integrating additional renewable energy generation projects. This strategic move aims to bolster operational efficiency and expand Power Grid's footprint in the power transmission sector, potentially unlocking value for shareholders.