Power Grid of India (POWERGRID) — Announcement

Power Grid Corporation of India announced on March 24, 2025 that it completed the acquisition of Rajasthan V Power Transmission Limited, a newly formed SPV created by REC Power Development and Consultancy Limited to build and operate a 4 GW transmission project in Rajasthan. The cash purchase, valued at approximately ₹18.63 crores for 100% ownership and 50,000 shares at ₹10 each, includes assets and liabilities at acquisition date and requires future regulatory approvals from the Central Electricity Regulatory Commission. This strategic move expands POWERGRID's transmission footprint in renewable energy evacuation infrastructure across Rajasthan and Madhya Pradesh.

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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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