Announced Tue, 30 Jun · 22:44 IST
POWERGRID acquires WR ER Part A Transmission SPV for Rs 18.62 Cr
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
+0.6%1-day move
₹286.50
prior close
₹287.80
base price
After-mkt
timing
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-0.6-0.5-0.5-0.2+0.6+0.5-0.3-0.9-2.3-1.0+0.8———
Up moveDown movePending
AI summary
Power Grid Corporation has acquired WR ER Part A Power Transmission Limited for about Rs. 18.62 Crore in cash, gaining 100 percent control. The SPV was set up to build the WR-ER Inter-Regional Network Expansion Scheme Part-A on BOOT basis under Tariff Based Competitive Bidding. The project includes 2 new 765/400kV substations in Jharkhand and Chhattisgarh, plus transmission lines across Jharkhand, Chhattisgarh and Odisha.
Likely market impact
Strengthens POWERGRID's inter-regional transmission network; small deal size but adds a new core asset to the portfolio.