Power Grid of India (POWERGRID) — Announcement

Power Grid Corporation of India announced on June 4, 2025 that it completed the acquisition of MEL Power Transmission Limited, a newly formed project SPV, for approximately ₹8.53 crores to build, own, and operate a 400kV transmission line in Madhya Pradesh under a BOOT model. The deal, finalized through the Tariff-Based Competitive Bidding route, marks Power Grid's entry into a dedicated transmission project for Mahan Energen's generating station, with full regulatory approvals required for licensing and tariff adoption to be secured by the newly acquired entity.

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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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