Power Grid Corporation of India Limited has informed the Exchange about 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 Limited (POWERGRID) has acquired 100% of Tumkur II RE Transmission Limited (TRETL) for approximately Rs. 15.46 crore. The acquisition was completed on 29 May 2026 under the Tariff Based Competitive Bidding (TBCB) route, with POWERGRID selected as the successful bidder. TRETL is a project SPV incorporated on 24 September 2025 by PFC Consulting Limited (PFCCL), the Bid Process Coordinator. The associated project involves building a 400 kV double-circuit transmission line in Karnataka along with augmentation works (ICTs and Line Bays) at the Tumkur-II Pooling Station, designed to integrate 2.7 GW of additional renewable energy capacity. TRETL is yet to commence commercial operations and has no recorded turnover. The transaction is not a related party transaction.
This acquisition strengthens POWERGRID's transmission infrastructure portfolio in India's renewable energy integration push. At Rs. 15.46 crore, the deal is relatively small but aligns with POWERGRID's core business and government-mandated competitive bidding process, with minimal direct impact on the parent company's financials.