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Power Grid Corporation executes shareholders’ agreement with RVPN

01 Oct 2024 Evaluate

Power Grid Corporation of India has executed a Shareholders’ Agreement (SHA) with Rajasthan Rajya Vidyut Prasaran Nigam (RVPN) to form a Joint Venture Company (JVC) for development of Intra-State Transmission System in the State of Rajasthan.

As per SHA, the company and RVPN will hold 74% and 26% Equity Share Capital, respectively, in the proposed JVC. The proposed JVC shall have 10 Directors of which 7 shall be nominated by the company and 3 shall be nominated by RVPN. 

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

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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