Power Grid Corporation of India Limited has informed the Exchange about Acquisition of Mandsaur I RE Transmission Limited by POWERGRID under TBCB route.
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Power Grid Corporation of India Limited (POWERGRID) has acquired Mandsaur I RE Transmission Limited, a special purpose vehicle (SPV), under the Tariff Based Competitive Bidding (TBCB) route. This SPV is set up for renewable energy (RE) power transmission in the Mandsaur region of Madhya Pradesh. The acquisition follows POWERGRID winning the competitive bid to develop the associated transmission infrastructure. This is part of POWERGRID's ongoing strategy to expand its transmission network to support India's renewable energy targets. The move will add to the company's existing transmission portfolio without any disclosed financial impact on shareholders at this stage.
This is a routine, incremental capacity addition for POWERGRID through a regulated bidding process, supporting long-term revenue growth. No material financial impact on shareholders is expected from this single SPV acquisition.