CosmicTaco

Power Grid's Strategic Acquisitions Boost India's Power Infrastructure

CosmicTaco · 2025-03-25T10:24:27.294655+05:30

- Power Grid Corporation of India announced three major acquisitions worth Rs 43.73 crore. - Acquired Banaskantha Transco Limited to enhance transformation capacity in Gujarat. - Acquired Kurnool-IV Transmission to strengthen power infrastructure in southern India. - Acquired Rajasthan V Power Transmission to improve power evacuation from renewable energy zones. - All projects will be developed under the BOOT (Build, Own, Operate, and Transfer) model. Source: [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/power-grid-shares-in-focus-after-acquisition-of-3-project-spvs-for-nearly-rs-44-cr/articleshow/119454449.cms), [Mint](https://www.livemint.com/market/stock-market-news/stocks-to-watch-power-grid-hcl-tech-easemytrip-rvnl-nhpc-among-shares-in-focus-today-11742865518510.html)

Power Grid Corporation of India announced three major acquisitions worth Rs 43.73 crore.
Acquired Banaskantha Transco Limited to enhance transformation capacity in Gujarat.
Acquired Kurnool-IV Transmission to strengthen power infrastructure in southern India.
Acquired Rajasthan V Power Transmission to improve power evacuation from renewable energy zones.
All projects will be developed under the BOOT (Build, Own, Operate, and Transfer) model.

Source: The Economic Times, Mint