Power Grid Acquires Jam Khambhaliya REZ Transmission for ₹19.22 Cr

Power Grid Corporation of India Limited has acquired Jam Khambhaliya REZ Transmission Limited, a project Special Purpose Vehicle (SPV), for an aggregate value of approximately ₹19.22 Crore. This acquisition was made on a build, own, operate, and transfer (BOOT) basis after Power Grid emerged as the successful bidder through a Tariff Based Competitive Bidding (TBCB) process. The project involves establishing an Inter-State Transmission system in Gujarat, including a new GIS substation and transmission lines. Jam Khambhaliya REZ Transmission Limited, incorporated on April 29, 2026, is engaged in the power transmission business, aligning with Power Grid's core operations. The acquisition is not a related party transaction. Approvals from the Central Electricity Regulatory Commission for the grant of a transmission license and adoption of transmission charges are pending.