Power Grid of India (POWERGRID) — Announcement

📢 Key Event
POWERGRID completes acquisition of Krishnagiri REZ Transmission Limited

🔄 What Changed
Added 100% ownership of a new transmission SPV to POWERGRID's portfolio

💡 Investor Takeaway
This acquisition expands POWERGRID's transmission network into new states, enhancing future revenue potential from grid expansion projects.

Power Grid Corporation of India announced on August 3, 2026 that it completed the acquisition of Krishnagiri REZ Transmission Limited, a newly formed SPV created under a competitive bidding process to build and operate a 765kV/400kV transmission system linking Andhra Pradesh, Telangana and Karnataka. The deal, valued at approximately ₹19.82 crores for 10,000 shares at par plus assets and liabilities, gives POWERGRID full ownership and expands its inter-state transmission network. The transaction required regulatory approvals for transmission licensing and charges, which will be secured by the acquired entity post-acquisition.

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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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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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