Power Grid of India (POWERGRID) — Announcement

POWERGRID acquired Davanagere Power Transmission Limited (DPTL) for approximately ₹6.53 crores on 24 September 2025, securing 100% ownership as the successful bidder under tariff-based competitive bidding. The project involves transmission system strengthening at an under-construction substation in Karnataka to integrate renewable energy generation on a BOOT basis. DPTL, incorporated in June 2025, is yet to commence commercial operations. Future regulatory approvals from the Central Electricity Regulatory Commission are required.

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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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