Acquisitions23 Sept 2026, 07:10 pm
Power Grid Acquires Barmer HVDC for ₹18.98 Cr
AI Summary
Power Grid Corporation of India Limited has acquired Barmer HVDC Power Transmission Limited, the project SPV for an inter-state transmission system, for approximately ₹18.98 Crore. The acquisition was made under the Tariff Based Competitive Bidding (TBCB) route. The project involves establishing ±800 kV HVDC terminals and a bipole line of approximately 1000 km, traversing Rajasthan, Gujarat, and Maharashtra. This acquisition aligns with Power Grid's business of power transmission and is expected to enhance its network capacity.
Key Highlights
- Power Grid acquired 100% stake in Barmer HVDC Power Transmission Limited.
- Acquisition cost is approximately ₹18.98 Crore.
- The project involves establishing HVDC terminals and a 1000 km bipole line.
- Acquisition is part of the Tariff Based Competitive Bidding process.
- The acquired entity operates in the power transmission sector.
Price Impact
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