Power Grid of India (POWERGRID) — Corporate Action

📢 Key Event
Acquisition of Fatehgarh II Transmission Limited for ₹19.11 crores

🔄 What Changed
Added 100% ownership of a new transmission SPV with ₹19.11 crore cash outlay and regulatory approvals pending

🔮 What's Next
Regulatory approvals for transmission license and charges to be obtained by Fatehgarh II Transmission Limited after acquisition

💡 Investor Takeaway
This acquisition expands Power Grid's transmission footprint through a new SPV with minimal upfront cash cost but requires future regulatory clearances.

Power Grid Corporation of India announced on 28.08.2026 that it acquired 100% of Fatehgarh II Transmission Limited for approximately ₹19.11 crores in cash, acquiring 10,000 shares at ₹10 each, to establish two synchronous condensers at the Fatehgarh-II PS under a BOOT model. The target operates in power transmission, had no prior operations or turnover, and required regulatory approvals from the Central Electricity Regulatory Commission post-acquisition.

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About Power Grid Corporation of India Ltd (POWERGRID)

Power · Power Generation & Distribution · Listed on BSE

Market Cap: ₹2,46,326.49 Cr P/E: 15.5 ROE: 15.8% ROCE: 10.5% Div Yield: 5.10%

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"What is the expected timeline for regulatory approvals?" "How does this affect Power Grid's transmission capacity?" "What is the projected ROI on the ₹19.11 crore investment?"

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🔥 Also filed on 28 August 2026

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

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