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POWERGRID has acquired Fatehgarh II Transmission Limited for approximately Rs 19.11 Cr, taking a 100% stake. This bolsters its inter-state transmission network. The acquired entity will install two Synchronous Condensers at Fatehgarh-II PS, crucial for grid stability and voltage control. A strategic win from a competitive bid, this acquisition expands POWERGRID's operational assets and reinforces its core power transmission business.
All announcements from Power Grid Corporation of India Limited