3.85 (1.51%) Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Ajmer Phagi Transco, the Project SPV to establish Transmission system for Construction of Ajmer (PG) Phagi 765 kV D/C line along with associated bays for Rajasthan SEZ, on build, own, Operate and maintain (BOOM) basis from REC Transmission Projects Company (the Bid Process Coordinator).
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.