Power Grid Corporation Of India Ltd.

Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff Based Competitive Bidding, has acquired ‘Raipur Pool Dhamtari Transmission’ (RPDTL), the Project SPV to establish ‘Western Region Expansion Scheme-XXVII (WRES-XXVII)’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - PFC Consulting. The Transmission system comprises of establishment of 400kV D/C Transmission lines traversing through the states of Chhattisgarh and bays extension works. The transmission system is an Inter State Transmission System Project and is to be completed in 18 months.

The entity was acquired with a net payment of about Rs 7.16 crore and the acquisition includes 10,000 equity shares at par at Rs 10 each as on the acquisition date March 28, 2023. However, the acquisition price is subject to adjustment as per the audited accounts of the Company as on the acquisition Date.

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