Power Grid Corporation of India Limited has informed the Exchange about Acquisition of NES Pune East New Transmission Limited by POWERGRID under TBCB route.
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Power Grid Corporation of India Limited has acquired 100% of NES Pune East New Transmission Limited (NPENTL) on March 12, 2026, after emerging as the successful bidder under Tariff Based Competitive Bidding (TBCB). The acquisition was made from PFC Consulting Limited (PFCCL) on a build, own, operate and transfer (BOOT) basis for an aggregate value of about Rs. 8.05 crore, covering 10,000 equity shares at par (Rs. 10 each) plus assets and liabilities. NPENTL is a newly incorporated Project SPV (set up on 29.03.2025) tasked with building a 765/400 kV AIS substation in Ahilyanagar District, associated transmission lines, and bay extension works in Maharashtra to ease transmission constraints in the Pune Region-I. NPENTL is yet to commence commercial operations and belongs to the power transmission sector, which is Power Grid's core business. Approvals for grant of transmission license and adoption of transmission charges will be sought from the Maharashtra Electricity Regulatory Commission.
This is a routine, low-cost expansion of Power Grid's core transmission business, which should add a new revenue-generating asset once commissioned and support the company's growth pipeline. The small acquisition price relative to Power Grid's size means minimal financial impact but reinforces its order book strength in the TBCB segment.