POWERGRID acquires Lakadia II Power Transmission SPV for Rs 18.43 Cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

POWERGRID · price

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹249.00

prior close

₹248.10

announcement price

After-mkt

timing

Nifty 100market+1.5%-1.7% vs market

Power peers, median of 37sector · industry level+0.5%-0.7% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty 100 and 0.7 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-0.5

15m

-0.5

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+1.5-1.7+0.5-0.7

Next day

+0.1+1.1-1.0+1.5-1.4

+0.3+2.4-2.0+0.5-0.1

+0.6+3.0-2.4+0.4+0.2

+0.5+2.0-1.5-0.3+0.9

+1.3+1.4-0.2-3.5+4.7

-0.6+0.2-0.8-7.3+6.7

15d

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UpDownMarket · Nifty 100Sector · Power peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

POWERGRID acquired Lakadia II Power Transmission SPV for about Rs 18.43 Cr via TBCB bidding on 12.10.2026. Project involves building a 765/400kV Lakadia-II sub-station in Gujarat, 765kV transmission lines, and a synchronous condenser on BOOT basis to support the 7500MW Lakadia renewable energy zone Phase II. POWERGRID took 100 percent stake, paying cash for 50,000 shares at Rs 10 each plus assets and liabilities. Not a related party deal. SPV incorporated 09.05.2026, yet to start commercial activity.

Likely market impact

Expands POWERGRID transmission network in a major renewable energy zone, adding a new long-term BOOT asset once commissioned. Routine capacity buildout.