Power Grid Corporation of India Ltd (POWERGRID) — Corporate Action | 23 September 2026

23 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Acquisition of Barmer HVDC Power Transmission Limited for ₹18.98 crores

🔄 What Changed

Added 6000 MW HVDC transmission capacity and entered inter-state transmission business

🔮 What's Next

Project completion timelines set by Bid Process Coordinator

💡 Investor Takeaway

This acquisition gives Power Grid immediate transmission access for Rajasthan solar projects without new regulatory hurdles.

Power Grid Corporation of India announced on 23.09.2026 that it acquired 100% of Barmer HVDC Power Transmission Limited for approximately ₹18.98 crores in cash, acquiring 50,000 equity shares at ₹10 each, to establish a 6000 MW ±800 kV HVDC transmission project evacuating Rajasthan solar power, marking its first strategic expansion into inter-state HVDC infrastructure under the TBCB route.

📄 View Original Announcement (PDF)

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About Power Grid Corporation of India Ltd (POWERGRID)

Power · Power Generation & Distribution · Listed on BSE

Market Cap: ₹2,42,234.23 CrP/E: 15.2ROE: 15.8%ROCE: 10.5%Div Yield: 5.18%

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"What is the expected commissioning timeline for the Barmer HVDC project?""How does the ₹18.98 crore acquisition price compare to asset valuation?""What regulatory approvals remain pending for the HVDC project?"

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📊 More POWERGRID filings

🟡 Board Meeting — 30 September 2026Power Grid Corporation announced the appointment of Shri Akhilesh Pathak as Director (Projects) effe...
🟡 Board Meeting — 30 September 2026Power Grid Corporation announced the appointment of Shri Akhilesh Pathak as Director (Projects) effe...
🟡 Board Meeting — 30 September 2026Power Grid Corporation announced that Executive Directors Atul Kumar Bali and Dilip Nagesh Rozekar w...
Announcement — 26 September 2026Power Grid Corporation of India announced it was declared the successful bidder for a transmission p...
🟡 Board Meeting — 26 September 2026The board approved a Rs. 10,000 crore unsecured term loan from SBI to fund transmission projects, ap...

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

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