Power Grid Corporation of India Limited — JV/Acquisition, 24-09-2025: Acquisition

POWERGRID has acquired Davanagere Power Transmission Limited, taking a 100% stake for ~Rs 6.53 Cr. This strategic move strengthens the power transmission system in Karnataka, crucial for integrating new renewable energy generation. The project involves augmenting an under-construction substation, directly supporting India's green energy goals. It's a targeted expansion, adding valuable infrastructure within POWERGRID's core business and enhancing its operational footprint in a key growth area.