Power Grid Acquires Rajasthan IV 4A Power Transmission Limited for Transmission Project

Team Finance Saathi

30/Dec/2024

What’s covered under the Article:

Power Grid completes acquisition of Rajasthan IV 4A Power Transmission Limited.
The project involves the establishment of a transmission system for power evacuation.
Acquisition details, including cost, shareholding, and business impact.

Power Grid Corporation of India Limited has successfully acquired Rajasthan IV 4A Power Transmission Limited (RIV4APTL) as part of its project to establish a Transmission System for evacuation of power from the Rajasthan Renewable Energy Zone (REZ) Ph-IV (Part-4: 3.5 GW) under the Tariff-Based Competitive Bidding (TBCB) route. The acquisition was concluded on December 30, 2024, after Power Grid emerged as the successful bidder for the project, which aims to enhance power transmission capacity in the region.

The RIV4APTL project involves constructing a 765/400 kV sub-station near Ghiror in Mainpuri District, Uttar Pradesh, along with 765kV and 400kV transmission lines extending across Rajasthan and Uttar Pradesh. Additional works include augmentation and bay extension at existing substations in both states.

The acquisition was finalized after necessary approvals and compliances were met as per the guidelines issued by the Ministry of Power (MoP) for transmission services. Power Grid acquired the 100% stake in RIV4APTL for a total value of approximately ₹18.37 Crore, including the 50,000 equity shares at a nominal value of ₹10 each, along with all assets and liabilities of the entity.

The acquisition cost is subject to adjustment based on the audited accounts of RIV4APTL as on the acquisition date. Power Grid’s acquisition is in line with its ongoing efforts to strengthen India’s power transmission infrastructure, which plays a crucial role in facilitating the country's growing energy demands and renewable energy capacity.

The Upcoming IPOs in this week and coming weeks are Indo Farm, Technichem Organics, Leo Dry Fruits, Davin Sons, Fabtech Technologies and Standard Glass Lining.

The Current active IPO is Citichem India and Anya Polytech.

For more details on upcoming IPOs, you can visit our page at and stay updated with the latest news on IPO updates on . Join our for regular Stock Market Trading and Investment Calls by - SEBI Registered Research Analyst & for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in .Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi Trading with CA Abhay Telegram Channel CA

Disclaimer

The information provided on this website is for educational and informational purposes only and should not be considered as financial advice, investment advice, or trading recommendations.

Trading in stocks, forex, commodities, cryptocurrencies, or any other financial instruments involves high risk and may not be suitable for all investors. Prices can fluctuate rapidly, and there is a possibility of losing part or all of your invested capital.

We do not guarantee any profits, returns, or outcomes from the use of our website, services, or tools. Past performance is not indicative of future results.

You are solely responsible for your investment and trading decisions. Before making any financial commitment, it is strongly recommended to consult with a qualified financial advisor or do your own research.

By accessing or using this website, you acknowledge that you have read, understood, and agree to this disclaimer. The website owners, partners, or affiliates shall not be held liable for any direct or indirect loss or damage arising from the use of information, tools, or services provided here.

Services

Power Grid Acquires Rajasthan IV 4A Power Transmission Limited for Transmission Project

Related News

Disclaimer