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Power Grid acquires Ramgarh New Transmission

10 Mar 2021 Evaluate

Power Grid Corporation of India, pursuant to its selection as the successful bidder under tariff-based competitive bidding, has acquired Ramgarh New Transmission (RNTL) on March 9, 2021, the Project SPV (special purpose vehicle) to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW). The entity was acquired for an aggregate value of about Rs 5.61 crore including 50,000 equity shares at par at Rs 10 each along with assets and liabilities of the Company as on the acquisition Date.

Now, the company owns 100 per cent equity in the RNTL. It shall be engaged in the business of transmission of Power. The transmission system (RNTL) comprises establishment of a new 400/220kV Substation, 400kV DIC Transmission lines and associated Substation extension works in Rajasthan. The transmission system is an Inter State Transmission System Project and is to be completed in 18 months.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.

Power Grid Corp Share Price

313.90 -1.85 (-0.59%)
07-May-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 400.45
Tata Power 439.20
Adani Power 230.15
Power Grid Corp 313.90
Torrent Power 1712.20
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