Power Grid Corporation of India Ltd
Acquisition of Bhadla Ramgarh Power Transmission Limited by POWERGRID under TBCB route.
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 29 Jul 2026, 08:17 PM IST · BSE ID: 7e9c9ac1-977e-40c3-8fab-a27dc68a0710
View Original BSE Filing (PDF)
💡
In Simple Terms
Power Grid acquired a new power transmission project company, Bhadla Ramgarh Power Transmission, for approximately Rs. 12.86 Crore.
🤖 AI Summary
- Power Grid Corporation acquired Bhadla Ramgarh Power Transmission Limited on July 29, 2026.
- The acquisition was made under the Tariff Based Competitive Bidding (TBCB) route for approximately Rs. 12.86 Crore.
- Power Grid secured 100% shareholding, including 50,000 equity shares at par at Rs. 10/- each.
- Bhadla Ramgarh Power Transmission is a Project SPV for inter-state transmission system augmentation in Rajasthan and Uttar Pradesh.
- The acquired entity was incorporated on May 8, 2026, and has not yet started commercial operations.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Cost of Acquisition
Rs. 12.86 Crore
Percentage of Shareholding Acquired
100%
Target Entity Incorporation Date
08.05.2026
🏢 How This Affects the Company
This acquisition integrates a new inter-state transmission project into Power Grid's portfolio, reinforcing its presence in the power transmission sector. The project involves augmentation and bay extension works at Bhadla-III S/S, Ramgarh S/S, and Kanpur S/S.
Power Grid incurred a cash consideration of approximately Rs. 12.86 Crore for this acquisition. The final acquisition price is subject to adjustment based on the audited accounts of the acquired company as of the acquisition date.
Power Grid will now manage and operate the Bhadla Ramgarh Power Transmission project, expanding its operational footprint. Approvals for Grant of Transmission License and Adoption of Transmission Charges are pending from the Central Electricity Regulatory Commission.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this filing.
👤
Who Is Affected
Shareholders of Power Grid Corporation of India Limited are affected through the company's expanded asset base and financial commitment of approximately Rs. 12.86 Crore.
🔍
Management Signal
Management's decision indicates continued pursuit of growth in the power transmission sector through competitive bidding, integrating new projects into its portfolio.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Future CERC approvals for Transmission License and Charges for Bhadla Ramgarh.
Updates on the audited accounts for final acquisition price adjustment.
Commencement of commercial operations for Bhadla Ramgarh Power Transmission.
LOW RISK
The acquisition involves a project SPV with no commercial operations, but it is within the company's core business.
💡 Investor Takeaway
Power Grid Corporation of India Limited acquired 100% of Bhadla Ramgarh Power Transmission Limited for approximately Rs. 12.86 Crore on July 29, 2026. This TBCB acquisition adds inter-state transmission augmentation projects in Rajasthan and Uttar Pradesh to Power Grid's portfolio.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition of 100% shareholding in Bhadla Ramgarh Power Transmission ensures full control over the new project operations.
- The acquisition expands Power Grid's inter-state transmission system, covering augmentation works in Rajasthan and Uttar Pradesh.
⚠️ Concerns
- Bhadla Ramgarh Power Transmission Limited was incorporated recently on May 8, 2026, and has no prior commercial operations or turnover.
- The acquisition price of approximately Rs. 12.86 Crore is subject to adjustment based on the acquired company's audited accounts.
📅 Company Track Record
Power Grid has a track record of acquiring transmission project SPVs under the TBCB route. In June 2026, it acquired WR ER Part A Power Transmission Limited for about Rs. 18.62 Crore. In March 2026, it acquired NES Pune East New Transmission Limited for Rs. 8.05 Crore, and also approved the merger of 28 wholly-owned subsidiaries.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the acquisition value of Bhadla Ramgarh Power Transmission Limited by Power Grid?
Power Grid Corporation of India Limited acquired Bhadla Ramgarh Power Transmission Limited for an aggregate value of about Rs. 12.86 Crore.
What percentage of Bhadla Ramgarh Power Transmission Limited did Power Grid acquire?
Power Grid Corporation of India Limited acquired 100% of the shareholding/control in Bhadla Ramgarh Power Transmission Limited.
What is the business of Bhadla Ramgarh Power Transmission Limited?
Bhadla Ramgarh Power Transmission Limited is engaged in the business of transmission of power, specifically to establish an Inter-State Transmission system.
When was Bhadla Ramgarh Power Transmission Limited incorporated?
Bhadla Ramgarh Power Transmission Limited was incorporated on May 8, 2026, by the Bid Process Coordinator.
Has Bhadla Ramgarh Power Transmission Limited recorded any turnover?
Bhadla Ramgarh Power Transmission Limited is yet to start commercial operation and has not recorded any turnover during the last 3 years.
Questions based on this BSE filing only. For information purposes.