Power Grid Corporation of India Limited (POWERGRID) — Announcement

📢 Key Event
Power Grid completes acquisition of WR ER Part A Power Transmission Limited

💡 Investor Takeaway
This acquisition expands Power Grid's transmission network and adds new infrastructure assets to its portfolio.

Power Grid Corporation of India announced on 30 June 2026 that it completed the acquisition of WR ER Part A Power Transmission Limited, a special purpose vehicle created for the WR-ER Inter-Regional Network Expansion Scheme Part-A. The deal, valued at approximately ₹18.62 crores, involves acquiring 100% of the target entity through a cash consideration that includes 50,000 equity shares at par. The newly acquired assets comprise two 765/400kV substations in Jharkhand and Chhattisgarh, plus extensions of existing substations in Chhattisgarh and West Bengal, and construction of transmission lines across Jharkhand, Chhattisgarh and Odisha. This acquisition strengthens Power Grid's inter-state transmission footprint and aligns with its growth strategy in power infrastructure.

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