Power Grid of India (POWERGRID) — Announcement

Power Grid Corporation of India announced on March 27, 2025 that it completed the acquisition of Kurnool III PS RE Transmission Limited, a newly formed project company, for approximately ₹19.04 crores to strengthen transmission infrastructure in Andhra Pradesh. The deal, executed under a build-own-operate-transfer model, involves full ownership of the target entity and marks Power Grid's entry into enhanced transmission services for renewable energy integration. The acquisition aligns with regulatory requirements and includes cash consideration for all shares at par value.

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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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