Business Update27 Dec 2023, 11:04 pm
POWERGRID Acquires Neemrana II Bareilly Transmission Limited
AI Summary
POWERGRID Corporation of India Limited has acquired Neemrana II Bareilly Transmission Limited (NIIBTL) on a build, own, operate, and transfer (BOOT) basis for an aggregate value of Rs. 18.47 Cr. NIIBTL is engaged in the business of transmission of power, and the acquisition is in line with POWERGRID's business of transmission of power.,
Key Highlights
- POWERGRID has acquired NIIBTL on a BOOT basis
- NIIBTL is engaged in the business of transmission of power
- The acquisition is in line with POWERGRID's business of transmission of power