Power Grid Corporation of India Ltd
Power Grid acquires Jam Khambhaliya REZ Transmission for Rs. 19.22 Crore
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 12 Oct 2026, 09:41 PM IST · BSE ID: 0e192577-1b5b-4b52-90ba-2ead9a17dc49
View Original BSE Filing (PDF)
💡
In Simple Terms
Power Grid bought a company called Jam Khambhaliya REZ Transmission for about Rs. 19.22 Crore to expand its power grid in Gujarat.
🤖 AI Summary
- Power Grid Corporation of India Limited acquired Jam Khambhaliya REZ Transmission Limited on October 12, 2026.
- Acquisition price was approximately Rs. 19.22 Crore for 100% shareholding, including 10,000 equity shares.
- The acquired entity will establish an Inter-State Transmission system for RE projects in Gujarat.
- Jam Khambhaliya REZ Transmission Limited was incorporated on April 29, 2026, and is yet to commence commercial operations.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Acquisition Cost
Rs. 19.22 Crore
Shareholding Acquired
100%
Target Entity Incorporation Date
29.04.2026
🏢 How This Affects the Company
This acquisition integrates Jam Khambhaliya REZ Transmission Limited's project, focused on integrating 5500MW and 1000MW RE projects in Gujarat, into Power Grid's transmission network. It expands Power Grid's presence in the renewable energy transmission segment.
Power Grid incurred a cash consideration of approximately Rs. 19.22 Crore for this acquisition. The final acquisition price is subject to adjustment based on audited accounts as of October 12, 2026.
Power Grid gains control over the development and operation of a new GIS substation at Kalyanpur and 765 kV transmission lines in Gujarat. This expands its operational footprint and infrastructure in the state.
The filing indicates that approvals for Grant of Transmission License and Adoption of Transmission Charges are still pending from the Central Electricity Regulatory Commission for the acquired entity after Power Grid's acquisition.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this acquisition update.
👤
Who Is Affected
Existing shareholders are affected by Power Grid's strategic expansion into renewable energy transmission, funded by a cash consideration of approximately Rs. 19.22 Crore.
🔍
Management Signal
Management is signaling a continued strategy of expanding its transmission infrastructure, particularly in the renewable energy sector, through competitive bidding and acquisitions.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Jam Khambhaliya REZ Transmission Limited — CERC transmission license and charge adoption approvals.
Power Grid Corporation of India Limited — next quarterly results for capital expenditure updates.
Future TBCB route acquisitions — watch for similar strategic expansions in other states.
LOW RISK
Acquisition aligns with core business, though regulatory approvals for the acquired entity are pending.
💡 Investor Takeaway
Power Grid Corporation of India Limited acquired Jam Khambhaliya REZ Transmission Limited for approximately Rs. 19.22 Crore on October 12, 2026. The acquisition secures a project to establish an Inter-State Transmission system for RE projects in Gujarat, with 100% control.
⚖️ Strengths & Concerns
✅ Positives
- Acquired 100% shareholding in Jam Khambhaliya REZ Transmission Limited, ensuring full control over the project's development and future operations.
- The acquisition aligns with Power Grid's core business of power transmission, specifically integrating renewable energy projects in Gujarat.
⚠️ Concerns
- Jam Khambhaliya REZ Transmission Limited, incorporated on 29.04.2026, has not recorded any turnover in the last three years as it is yet to start commercial operations.
- Approvals for Grant of Transmission License and Adoption of Transmission Charges from CERC are still required for the acquired entity post-acquisition.
📅 Company Track Record
This acquisition is part of Power Grid's ongoing strategy under the TBCB route, following similar acquisitions in 2026, including Lakadia II Power Transmission (Rs. 18.43 Crore), Krishnagiri REZ Transmission (Rs. 19.82 Crore), and Bhadla Ramgarh Power Transmission (Rs. 12.86 Crore).
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the cost of Power Grid's acquisition of Jam Khambhaliya REZ Transmission Limited?
Power Grid Corporation of India Limited acquired Jam Khambhaliya REZ Transmission Limited for an aggregate value of approximately Rs. 19.22 Crore.
What is the primary business of Jam Khambhaliya REZ Transmission Limited?
Jam Khambhaliya REZ Transmission Limited is engaged in the business of power transmission, specifically establishing an Inter-State Transmission system for RE Projects in Jam Khambhaliya REZ and Jamnagar in Gujarat.
When was Jam Khambhaliya REZ Transmission Limited incorporated?
Jam Khambhaliya REZ Transmission Limited was incorporated on April 29, 2026, by the Bid Process Coordinator, PFC Consulting Limited.
What percentage of shareholding did Power Grid acquire in Jam Khambhaliya REZ Transmission Limited?
Power Grid Corporation of India Limited acquired 100% of the shareholding in Jam Khambhaliya REZ Transmission Limited.
Are there any pending regulatory approvals for Jam Khambhaliya REZ Transmission Limited post-acquisition?
Yes, approvals for Grant of Transmission License and Adoption of Transmission Charges are to be obtained from the Central Electricity Regulatory Commission by Jam Khambhaliya REZ Transmission Limited after the acquisition.
Questions based on this BSE filing only. For information purposes.