Acquisitions28 Mar 2025, 01:11 am
POWERGRID Acquires Kurnool III PS RE Transmission Limited for Rs. 19.04 Crore
AI Summary
Power Grid Corporation of India Ltd has acquired Kurnool III PS RE Transmission Limited, a Project SPV established for 'Transmission System Strengthening at Kurnool-lll PS for Integration of Additional RE Generation Projects'. The project includes augmentation of transformation capacity at existing Kurnool-Ill substation and extension works at existing C’peta Substation along with 765kV D/C Transmission Line. The entire scope of the project is in the state of Andhra Pradesh. KPRTL was incorporated on 29.11.2024 and will be engaged in the business of transmission of power. The acquisition price is subject to adjustment as per the audited accounts of KPRTL as on the acquisition date.
Key Highlights
- POWERGRID has acquired Kurnool III PS RE Transmission Limited for an aggregate value of about Rs. 19.04 Crore
- The project includes augmentation of transformation capacity at existing Kurnool-Ill substation and extension works at existing C’peta Substation along with 765kV D/C Transmission Line
- KPRTL was incorporated on 29.11.2024 and will be engaged in the business of transmission of power
- The acquisition price is subject to adjustment as per the audited accounts of KPRTL as on the acquisition date
- KPRTL is yet to start commercial operation, as such no turnover has been recorded during last 3 years