Power Grid Corporation of India Limited (POWERGRID) — Announcement

📢 Key Event
POWERGRID completes acquisition of Kakinada I Transmission Limited for ₹20.50 crores.

💡 Investor Takeaway
The acquisition adds a dedicated transmission asset for green hydrogen projects, enhancing POWERGRID’s exposure to India’s clean energy infrastructure growth.

Power Grid Corporation of India announced on 29 June 2026 that it completed the acquisition of Kakinada I Transmission Limited (KITL) for approximately ₹20.50 crores under a build, own, operate and transfer (BOOT) model. The target, incorporated just two months prior on 20 February 2025, will develop a 765/400kV GIS substation with STATCOM and transmission lines in Andhra Pradesh to support green hydrogen projects. The deal involves 100% share purchase and includes assets and liabilities at book value, with potential price adjustments post-audited financials. This strategic move expands POWERGRID’s transmission footprint into renewable energy infrastructure, aligning with India’s green energy transition goals.

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