Acquisitions12 Oct 2026, 05:40 pm
Power Grid Acquires Lakadia II Power Transmission for ₹18.43 Cr
AI Summary
Power Grid Corporation of India Limited (POWERGRID) has acquired Lakadia II Power Transmission Limited, a project SPV, for an aggregate value of approximately ₹18.43 Crore. This acquisition was made under the Tariff Based Competitive Bidding (TBCB) route. The project involves establishing an Inter-State Transmission system for integrating power from RE Projects in Lakadia REZ, Gujarat. The scope includes a new 765/400kV Sub-station and 765kV transmission lines. This strategic acquisition aligns with POWERGRID's core business of power transmission and is expected to enhance its infrastructure capabilities.
Key Highlights
- POWERGRID acquired 100% stake in Lakadia II Power Transmission Limited.
- Acquisition cost is approximately ₹18.43 Crore.
- The project is for establishing transmission system for RE projects in Gujarat.
- Acquisition is part of POWERGRID's core power transmission business.
- Project involves new sub-station and transmission lines.
Price Impact
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