Power Grid Corporation of India has acquired Khetri-Narela Transmission (KNTL), the Project SPV to establish Transmission System for Transmission System Strengthening Scheme for Evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part-G, on build, own, operate and maintain (BOOM) basis from the Bid Process Coordinator - PFC Consulting.
The Transmission system comprises establishment of a new 765/400kV Substation at Narela, substation extension works at Khetri and two 765kV D/C Transmission lines traversing in the states of Rajasthan, Haryana and Delhi. The transmission system is an Inter State Transmission System Project and is to be completed in 18 months.
The entity was acquired for an aggregate value of about Rs 22.50 crore including 10,000 equity shares at par at Rs 10 each along with assets and liabilities of the company as on the acquisition Date. However, the acquisition price is subject to adjustment as per the audited accounts of the company as on the acquisition date.
KNTL has been acquired by Power Grid pursuant to emerging as the successful bidder under Tariff Based Competitive Bidding. KNTL is engaged in the business as that of Power Grid i.e. transmission of power.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: