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Power Grid Corporation acquires Bellary Davanagere Power Transmission

13 Feb 2026 Evaluate

Power Grid Corporation of India has acquired Bellary Davanagere Power Transmission, the Project SPV to establish ‘Transmission system strengthening for integration of additional RE potential at Davanagere (0.25 GW) and Bellary (2.75 GW)’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - REC Power Development & Consultancy (RECPDCL).

The project comprises 400 kV D/c Transmission Line traversing in the state of Karnataka along with associated line bays works at both ends and augmentation works (ICTs and Line Bays) at both Davangere and Bellary Pooling Stations. The cost of acquisition is Rs 13.02 crore.

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


Peers
Company Name CMP
NTPC 330.00
Tata Power 363.30
Adani Power 202.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1346.95
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