Announced Mon, 29 Jun · 19:28 IST
POWERGRID acquires Kakinada I Transmission for Rs 20.5 Cr under TBCB
POWERGRID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹286.70
prior close
₹287.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.4+0.4-0.1+0.3+0.5+0.4-0.4-1.0-1.9-0.1———
Up moveDown movePending
AI summary
POWERGRID acquired 100% of Kakinada I Transmission Limited (KITL) under tariff-based competitive bidding for about Rs 20.50 crore on 29 June 2026. KITL is a special purpose vehicle for a transmission system supporting green hydrogen and green ammonia projects in Kakinada, Andhra Pradesh. The scope includes a 765/400 kV GIS substation with STATCOM and 765 kV transmission lines on BOOT basis. Cash deal, not a related party transaction.
Likely market impact
Adds a green energy-focused transmission project to POWERGRID's portfolio. Deal size is small, but strategically aligned with India's clean energy transition.