Power Grid of India (POWERGRID) — Announcement

Power Grid Corporation of India announced on March 21, 2025 that it completed the acquisition of Chitradurga Bellary REZ Transmission Limited (CBRTL) for approximately ₹19.71 crores, acquiring 100% ownership through a cash transaction under the TBCB route. The deal involves taking over a newly incorporated SPV that will build 765kV/400kV transmission infrastructure in Karnataka to integrate regional renewable energy zones, marking Power Grid's expansion into dedicated transmission project ownership.

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

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