Power Grid of India (POWERGRID) — Announcement

POWERGRID acquired Vindhyachal Varanasi Transmission Limited (VVTL), a newly incorporated SPV, for approximately ₹19.84 crores on 16.10.2025 through tariff-based competitive bidding. VVTL will develop an inter-regional transmission system in Uttar Pradesh and Madhya Pradesh, including a new 765 kV sub-station at Prayagraj and transmission lines to relieve congestion on the Vindhyachal-Varanasi corridor. POWERGRID acquired 100% equity on a BOOT basis. This strategic acquisition expands POWERGRID's transmission infrastructure portfolio in core business operations.

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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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