Power Grid Corporation of India Limited — JV/Acquisition, 30-06-2026: Acquisition

POWERGRID has acquired 100% of WR ER Part A Power Transmission Limited for approximately Rs. 18.62 Crore. This strategic move expands POWERGRID's inter-state transmission network. The acquired entity is a project SPV establishing new 765/400kV substations and transmission lines across Jharkhand, Chhattisgarh, and Odisha. This acquisition, secured via competitive bidding, strengthens grid reliability and power evacuation capabilities, aligning with POWERGRID's core business of power transmission. The project is new, with no prior turnover from the acquired entity.