Power Grid Corporation of India Limited — JV/Acquisition, 16-10-2025: Acquisition

POWERGRID has acquired Vindhyachal Varanasi Transmission Limited (VVTL) for approximately Rs. 19.84 Cr, securing a 100% stake. This strategic acquisition, won via competitive bidding, bolsters POWERGRID’s core power transmission business. VVTL's project includes a new 765 kV Sub-Station at Prayagraj and transmission lines across Uttar Pradesh and Madhya Pradesh. This move expands POWERGRID's infrastructure, enhancing grid reliability and reinforcing its footprint in crucial regions, aligning with its primary operational goals.