Power Grid Acquires Bhadla Ramgarh Power Transmission for ₹12.86 Crore
Power Grid Corporation of India Limited acquired Bhadla Ramgarh Power Transmission Limited for approximately ₹12.86 Crore on July 29, 2026. The acquisition includes 100% shareholding and involves assets and liabilities of the SPV. Bhadla Ramgarh Power Transmission Limited was incorporated on May 8, 2026, and is engaged in power transmission.
The acquisition amount of ₹12.86 Crore is relatively small compared to POWERGRID's overall scale, suggesting a moderate impact on the company's financial standing. However, it strengthens its project portfolio in the power transmission sector.
The acquisition is positive as it expands POWERGRID's transmission infrastructure and aligns with its core business operations, contributing to the development of power transmission projects.
Power Grid Corporation of India Limited (POWERGRID) has acquired Bhadla Ramgarh Power Transmission Limited, a project Special Purpose Vehicle (SPV), on July 29, 2026. The acquisition was made under the Tariff Based Competitive Bidding (TBCB) route, following POWERGRID's selection as the successful bidder. The SPV is established to build, own, operate, and transfer an Inter-State Transmission system for augmentation at Bhadla-III, Ramgarh PS, and Kanpur (PG).
The project involves augmentation and bay extension works at Bhadla-III S/S (Rajasthan), Ramgarh S/S (Rajasthan), and Kanpur S/S (Uttar Pradesh). Bhadla Ramgarh Power Transmission Limited was incorporated on May 8, 2026, by the Bid Process Coordinator, REC Power Development and Consultancy Limited (REC PDCL). The company is yet to commence commercial operations, hence no turnover has been recorded in the last three years. The acquisition is in the power transmission industry, which is the core business of POWERGRID.
The aggregate value of the acquisition is approximately ₹12.86 Crore, which includes 50,000 equity shares at par (₹10 each) along with the assets and liabilities of the SPV as of the acquisition date. This acquisition price is subject to adjustments based on the audited accounts of the company as of the acquisition date. POWERGRID acquired 100% shareholding and control of Bhadla Ramgarh Power Transmission Limited. The SPV will operate in India. Approvals from the Central Electricity Regulatory Commission for the Grant of Transmission License and Adoption of Transmission Charges are yet to be obtained by Bhadla Ramgarh Power Transmission Limited post-acquisition.
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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.