Power Grid Corporation Of India Ltd.

Power Grid Corporation of India has on October 8, 2025 acquired Mandsaur I RE Transmission (MIRETL), the Project SPV to establish ‘Augmentation of transformation capacity and Implementation of line bays at Mandsaur S/s for RE Interconnection’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - PFC Consulting (PFCCL). The project comprises augmentation works at under-construction sub-station (Mandsaur PS) in the state of Madhya Pradesh. 

MIRETL has been acquired by Powergrid pursuant to Powergrid emerging as the successful bidder under Tariff Based Competitive Bidding. MIRETL is engaged in the business as that of Powergrid i.e. transmission of power. MIRETL has been acquired for an aggregate value of about Rs 7.30 crore including 10,000 equity shares at par at Rs 10 each along with assets and liabilities of MIRETL as on the acquisition date. However, the acquisition price is subject to adjustment as per the audited accounts of MIRETL as on the acquisition date. 

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