POWERGRID Acquires Khavda V-B1B2 Power Transmission Limited for Rs. 6.51 Crore

POWERGRID, a Government of India Enterprise, has acquired Khavda V-B1B2 Power Transmission Limited (KVB1B2PTL) on 18.02.2025. The acquisition was made under the Tariff based competitive bidding route from the Bid Process Coordinator — REC Power Development and Consultancy Limited (RECPDCL). The project involves augmentation works at under-construction sub-stations in the State of Gujarat. The cost of acquisition is approximately Rs. 6.51 Crore, which includes 50,000 equity shares at par at Rs. 10/- each along with assets and liabilities of KVB1B2PTL. The acquisition price is subject to adjustment as per the audited accounts of KVB1B2PTL as on the acquisition date.