Acquisitions25 Mar 2025, 04:02 am
POWERGRID Acquires Rajasthan V Power Transmission Limited for Rs. 18.63 Crore
AI Summary
Power Grid Corporation of India Ltd, also known as POWERGRID, has acquired Rajasthan V Power Transmission Limited (RVPTL) on 24.03.2025. The acquisition was carried out under the Tariff based competitive bidding (TBCB) route, pursuant to POWERGRID emerging as the successful bidder. RVPTL was incorporated on 25.10.2024 by the Bid Process Coordinator and is engaged in the business of transmission of power. The acquisition price is subject to adjustment as per the audited accounts of RVPTL as on the acquisition date. RVPTL is yet to start commercial operation, as such no turnover has been recorded during the last 3 years and will be operating in India.
Key Highlights
- POWERGRID acquired Rajasthan V Power Transmission Limited (RVPTL) on 24.03.2025 for approximately Rs. 18.63 Crore
- RVPTL was incorporated on 25.10.2024 by the Bid Process Coordinator and is engaged in the business of transmission of power
- The acquisition was carried out under the Tariff based competitive bidding (TBCB) route, pursuant to POWERGRID emerging as the successful bidder
- RVPTL is yet to start commercial operation, as such no turnover has been recorded during the last 3 years
- RVPTL will be operating in India