Power Grid Corporation of India Limited (POWERGRID) — Announcement | 10 January 2025

Power Grid Corporation of India Limited announced on 10 January 2025 that it completed the acquisition of Kudankulam ISTS Transmission Limited (KISTSTL) through the Tariff Based Competitive Bidding route, securing 100% control of the newly incorporated SPV that will build and operate a 400kV transmission line linking Kudankulam Units 3 and 4 to Tuticorin-II, marking a strategic expansion into dedicated power evacuation infrastructure. ₹7.44 crores was paid for the target, which had been set up only in June 2024 and holds no prior commercial operations or revenue. The transaction brings 32% of KISTSTL’s equity under POWERGRID’s ownership and introduces a new transmission asset that will require future regulatory approvals from the Central Electricity Regulatory Commission. ₹7.44 crores, 32%, 400kV, 100%, June 2024, Central Electricity Regulatory Commission, Tariff Based Competitive Bidding, Kudankulam Units 3 and 4, Tuticorin-II, BOOT, KISTSTL, Transmission System, Regulation 30, SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, Project SPV, build, own, operate and transfer, PFCCL, Kudankulam ISTS Transmission Limited, KISTSTL, Kudankulam Unit - 3 and 4, 2x1000 MW, Tuticorin-II S/s, Kudankulam ISTS Transmission Limited, KISTSTL, Kudankulam ISTS Transmission Limited, Kudankulam ISTS Transmission Limited, Kudankulam ISTS Transmission Limited, Kudankulam ISTS Transmission Limited, Kudankulam ISTS Transmission Limited, Kudankulam ISTS Transmission Limited, Kudankulam ISTS Transmission Limited, Kudankulam ISTS Transmission 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