Acquisitions16 Oct 2025, 10:22 pm
POWERGRID Acquires Vindhyachal Varanasi Transmission Limited for Rs. 19.84 Crore
AI Summary
Power Grid Corporation of India Ltd, also known as POWERGRID, has acquired Vindhyachal Varanasi Transmission Limited (VVTL) under the Tariff based competitive bidding (TBCB) route. The acquisition was completed on 16th October 2025, with POWERGRID acquiring 100% shareholding for an aggregate value of approximately Rs. 19.84 Crore. VVTL, incorporated on 16th April 2025, is yet to start commercial operations and will be engaged in the transmission of power in India.
Key Highlights
- POWERGRID acquires Vindhyachal Varanasi Transmission Limited for approximately Rs. 19.84 Crore
- Acquisition under Tariff based competitive bidding (TBCB) route
- VVTL engaged in power transmission
- VVTL incorporated on 16th April 2025, yet to start commercial operations
- VVTL to operate in India