Power Grid Acquires Bellary Davanagere Power Transmission for ₹13.02 Crore
Power Grid Corporation of India Limited acquired Bellary Davanagere Power Transmission Limited for ₹13.02 Crore on 12.02.2026. The acquisition includes 50,000 equity shares and assets/liabilities of the SPV. BDPTL will focus on transmission system strengthening for renewable energy integration in Karnataka.
The acquisition of BDPTL for ₹13.02 Crore, while strategic for renewable energy integration, represents a relatively small financial outlay for a company of Power Grid's scale. The impact is therefore considered medium.
The acquisition of a project SPV for transmission system strengthening is a positive development for Power Grid Corporation of India Limited, indicating expansion and investment in renewable energy infrastructure.
Power Grid Corporation of India Limited (POWERGRID) has successfully acquired Bellary Davanagere Power Transmission Limited (BDPTL), a project Special Purpose Vehicle (SPV). The acquisition, completed on 12.02.2026, was made under the Tariff Based Competitive Bidding (TBCB) route. BDPTL is tasked with establishing a transmission system strengthening project for integrating additional renewable energy potential in Davanagere and Bellary, Karnataka, on a Build, Own, Operate, and Transfer (BOOT) basis.
The project includes a 400 kV D/c Transmission Line and associated augmentation works at both ends and pooling stations. The acquisition was conducted at an aggregate value of approximately ₹13.02 Crore, which includes 50,000 equity shares at par value of ₹10 each, along with BDPTL's assets and liabilities as of the acquisition date. This acquisition price is subject to adjustments based on the audited accounts of BDPTL as of the acquisition date.
BDPTL was incorporated on 25.09.2025 by the Bid Process Coordinator, REC Power Development & Consultancy Limited (RECPDCL), and is yet to commence commercial operations, hence no turnover has been recorded in the last three years. The company will operate in India, and its business is in power transmission, aligning with POWERGRID's core operations. Approvals for the Grant of Transmission License and Adoption of Transmission Charges are to be obtained from the Central Electricity Regulatory Commission by BDPTL post-acquisition. POWERGRID acquired 100% shareholding and control in BDPTL.
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Power Grid Corporation of India Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Power Grid Corporation of India Limited. Read the original for the full detail.