Power Grid Corporation of India Limited — JV/Acquisition, 29-06-2026: Acquisition

POWERGRID has acquired Kakinada I Transmission Limited (KITL) for ₹20.50 Cr, securing a 100% stake. This strategic move expands POWERGRID's footprint in green energy infrastructure, specifically for proposed Green Hydrogen/Ammonia projects in the Kakinada area. The acquisition includes establishing a new 765/400kV GIS Sub-station and transmission lines in Andhra Pradesh. This project aligns with POWERGRID's core business of power transmission, boosting its future project pipeline and supporting India's renewable energy push.