Power Grid Corporation of India Limited — JV/Acquisition, 03-08-2026: Acquisition

POWERGRID has acquired 100% of Krishnagiri REZ Transmission Limited for approximately Rs. 19.82 Cr. This strategic move boosts POWERGRID's core business by establishing a critical inter-state transmission system for Krishnagiri REZ Phase-I. The project involves new 765/400kV substations and transmission lines across Andhra Pradesh, Telangana, and Karnataka, enhancing grid stability and enabling renewable energy integration. This acquisition expands POWERGRID's vital infrastructure network and reinforces its leadership in India's power transmission sector.