Power Grid Corporation of India Ltd
Power Grid acquires Lakadia C Power Transmission for ~Rs. 19.94 Crore
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 12 Oct 2026, 09:38 PM IST · BSE ID: c09628fa-4121-4e95-a80b-f8e2f6d0572a
View Original BSE Filing (PDF)
💡
In Simple Terms
Power Grid bought a new power transmission company for about Rs. 19.94 Crore to build more power lines and a sub-station.
🤖 AI Summary
- Power Grid Corporation of India Limited acquired Lakadia C Power Transmission Limited on 12.10.2026.
- The acquisition value for Lakadia C Power Transmission Limited was about Rs. 19.94 Crore.
- The acquired project includes a new 765/400/220 kV Alephata Sub-station and transmission lines in Maharashtra.
- Power Grid obtained 100% shareholding as the successful bidder under Tariff Based Competitive Bidding.
- Lakadia C Power Transmission Limited was incorporated on 29.04.2026 and has not yet started commercial operation.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Cost of Acquisition
about Rs. 19.94 Crore
Percentage of shareholding acquired
100%
Date of Incorporation of Lakadia C Power Transmission Limited
29.04.2026
🏢 How This Affects the Company
This acquisition expands Power Grid's inter-state transmission system, adding a new 765/400/220 kV Alephata Sub-station and associated transmission lines in Maharashtra.
The acquisition involved a cash consideration of about Rs. 19.94 Crore, impacting the company's cash reserves for this project.
The integration of Lakadia C Power Transmission Limited will add new infrastructure and operational responsibilities related to its transmission project.
No new significant risks identified beyond standard project execution and regulatory approval processes for transmission licenses and charges.
👥 What This Means For Shareholders
✅
Action Required
No direct action is required from shareholders based on this acquisition filing.
👤
Who Is Affected
Existing shareholders are indirectly affected by the company's strategic expansion into new transmission projects, funded by a cash consideration of about Rs. 19.94 Crore.
🔍
Management Signal
Management is actively pursuing growth through Tariff Based Competitive Bidding, expanding its power transmission infrastructure in key states like Maharashtra.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Updates on regulatory approvals for transmission license and charges from CERC.
Announcement of project milestones for the Alephata Sub-station in Maharashtra.
Details on the final adjusted acquisition price post audited accounts of Lakadia C.
LOW RISK
The acquisition aligns with Power Grid's core business and involves standard project execution risks.
💡 Investor Takeaway
Power Grid acquired Lakadia C Power Transmission Limited for approximately Rs. 19.94 Crore, securing 100% control of a new inter-state transmission project in Maharashtra. The target company, incorporated on 29.04.2026, is yet to commence commercial operations.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition of 100% shareholding secures full control over the new inter-state transmission project in Maharashtra.
- The project expands Power Grid's footprint in the power transmission sector, aligning with its core business.
⚠️ Concerns
- Lakadia C Power Transmission Limited was incorporated on 29.04.2026 and is yet to start commercial operation, indicating no immediate revenue generation.
- The acquisition price of about Rs. 19.94 Crore is subject to adjustment based on the target company's audited accounts.
📅 Company Track Record
Power Grid has been active in expanding its transmission network through the Tariff Based Competitive Bidding (TBCB) route. Recent acquisitions in 2026 include Jam Khambhaliya REZ Transmission Limited for ~Rs. 19.22 Crore, Lakadia II Power Transmission Limited for Rs. 18.43 Crore, Krishnagiri REZ Transmission Limited for Rs. 19.82 Crore, and Bhadla Ramgarh Power Transmission Limited for Rs. 12.86 Crore, all under the TBCB route.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the acquisition value of Lakadia C Power Transmission Limited by Power Grid?
Power Grid Corporation of India Limited acquired Lakadia C Power Transmission Limited for an aggregate value of about Rs. 19.94 Crore.
What is the percentage of shareholding Power Grid acquired in Lakadia C Power Transmission Limited?
Power Grid Corporation of India Limited acquired 100% shareholding/control in Lakadia C Power Transmission Limited.
When was Lakadia C Power Transmission Limited incorporated?
Lakadia C Power Transmission Limited was incorporated on 29.04.2026 by the Bid Process Coordinator.
What is the main project associated with the Lakadia C Power Transmission Limited acquisition?
The project involves establishing an Inter-State Transmission system including a new 765/400/220 kV Alephata Sub-station in Maharashtra.
Has Lakadia C Power Transmission Limited started commercial operations?
No, Lakadia C Power Transmission Limited is yet to start commercial operation, and as such, no turnover has been recorded.
Questions based on this BSE filing only. For information purposes.