Power Grid of India (POWERGRID) — Announcement

POWERGRID acquired 100% stake in Gadag II and Koppal II Transmission Limited (GIIKIITL) for ₹13.24 crores on January 16, 2025, following its successful bid under tariff-based competitive bidding. The SPV will develop a 400kV transmission line between Koppal-II and Gadag-II in Karnataka and augment substation capacity to integrate renewable energy projects. The acquisition aligns with POWERGRID's core transmission business and is not a related-party transaction.

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About Power Grid Corporation of India Limited (POWERGRID)

Power · Power · Listed on NSE

Market Cap: ₹2,84,458.97 Cr P/E: 18.3 ROE: 16.8% ROCE: 12.2%

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🔥 Also filed on 16 January 2025

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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