Acquisition of Tumkur II RE Transmission Limited by POWERGRID under TBCB Route.
POWERGRID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Power Grid Corporation of India Ltd has acquired 100% equity stake in Tumkur II RE Transmission Limited (TRETL), a Special Purpose Vehicle (SPV), for approximately Rs. 15.46 crore. The acquisition was completed on 29.05.2026 under the Tariff Based Competitive Bidding (TBCB) route, following POWERGRID's selection as the successful bidder by Bid Process Coordinator PFC Consulting Limited (PFCCL). TRETL was incorporated on 24.09.2025 and is yet to commence commercial operations, therefore recording no turnover. The company is engaged in power transmission, which aligns with POWERGRID's core business. The project involves establishing a 400 kV D/c Transmission Line in Karnataka along with augmentation works at the Tumkur-II Pooling Station to support integration of 2.7 GW of renewable energy capacity.
The acquisition strengthens POWERGRID's transmission asset portfolio and is in line with its core business. The deal value is relatively small (~Rs. 15.46 crore) and is unlikely to have a material impact on the company's financials, but it does expand its renewable energy transmission footprint under the government's competitive bidding framework.