Power Grid of India (POWERGRID) — Announcement

POWERGRID acquired Mandsaur I RE Transmission Limited (MIRETL) for ₹7.30 crores on 08.10.2025 under tariff-based competitive bidding (TBCB) on a BOOT basis. MIRETL is a special purpose vehicle established to augment transformation capacity and implement line bays at Mandsaur substation in Madhya Pradesh for renewable energy interconnection. The acquisition aligns with POWERGRID's core transmission business. No related-party issues exist, and regulatory approvals from Central Electricity Regulatory Commission remain pending.

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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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