Power Grid Corporation of India has signed the ‘Termination Agreement’ amongst Reliance Infrastructure (Rlnfra) and Parbati Koldam Transmission Company (PKTCL) terminating the Shareholders' Agreement which was executed between Power Grid, Rlnfra and PKTCL to form a JVC named PKTCL, wherein POWERGRID and Rlnfra hold 26% and 74% equity shares in PKTCL, respectively. By signing termination agreement, Rlnfra proposed to sell their entire shareholding i.e. 74% in PKTCL to a third Party
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
