Power Grid Acquires Bhadla Ramgarh Power Transmission Ltd in Competitive Bidding
Power Grid Corporation of India Limited has acquired Bhadla Ramgarh Power Transmission Limited following its selection as the successful bidder in a Tariff Based Competitive Bidding process on July 29, 2026. The acquisition concerns the Project SPV intended to establish an Inter-State Transmission system for Augmentation at Bhadla-III, Ramgarh PS, and Kanpur (UP), utilizing a build, own, operate, and transfer (BOOT) model facilitated by the Bid Process Coordinator, RECPDCL.The project involves carrying out augmentation and bay extension works across Bhadla-III S/S in Rajasthan, Ramgarh S/S in Rajasthan, and Kanpur S/S in Uttar Pradesh.
Bhadla Ramgarh Power Transmission Limited was acquired for an aggregate value of approximately Rs. 12.86 Crore. This acquisition included assets and liabilities of the entity as of the closing date (July 29, 2026). The purchase consideration involved a cash component and encompassed 50,000 equity shares at par valued at Rs. 10/- each. The final acquisition price is subject to adjustment based on the audited accounts of the company as of the closing date.
The transaction details are summarized below:
| Parameter | Details |
|---|---|
| Target Entity | Bhadla Ramgarh Power Transmission Limited |
| Industry | Power Transmission |
| Acquisition Method | Cash consideration and shares |
| Total Cost of Acquisition | Rs. 12.86 Crore |
| Equity Shares Acquired | 50,000 (at par at Rs. 10/- each) |
| Percentage of Shareholding Acquired | 100% |
| Related Party Transaction | None |
Bhadla Ramgarh Power Transmission Limited was incorporated on May 8, 2026, by the Bid Process Coordinator and operates in the Power Transmission sector. The company is yet to commence commercial operations and has recorded no turnover during the last three years.
Regarding regulatory standing, the Ministry of Power notified the Transmission Service provided by Bhadla Ramgarh Power Transmission Limited. Requisite approvals for the transfer were obtained by the Bid Process Coordinator. Post-acquisition, however, the company must secure the Grant of Transmission License and Adoption of Transmission Charges from the Central Electricity Regulatory Commission.
The acquisition was completed according to the timelines established by the Bid Process Coordinator.
POWERGRID Stock Price Movement
Power Grid Corporation of India Limited shares slipped today, closing at ₹282.85 after shedding ₹1.90 or 0.67% from the previous session's close. The stock saw significant activity in the post-market trade, recording a volume exceeding 12 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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