Power Grid acquires Lakadia C Power Transmission for ₹19.94 crore
- Power Grid Corporation acquired 100% stake in Lakadia C Power Transmission Limited
- Transaction value stands at ₹19.94 crore executed on October 12, 2026
- Acquisition secures rights to build transmission infrastructure in Maharashtra
- Project targets evacuation of power from three major renewable energy parks
*this image is generated using AI for illustrative purposes only.
Power Grid Corporation of India Limited acquired Lakadia C Power Transmission Limited for ₹19.94 crore on October 12, 2026, following its selection as the successful bidder under the Tariff Based Competitive Bidding (TBCB) route.
The acquisition involves the Project Special Purpose Vehicle (SPV) tasked with establishing an Inter-State Transmission system in Maharashtra. The project aims to evacuate power from the Lakadia, Jam Khambhaliya, and Jamnagar renewable energy parks.
Project Scope and Infrastructure
Lakadia C Power Transmission Limited will execute a build, own, operate, and transfer (BOOT) model for the "Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: 1GW) - Part-C".
The infrastructure development includes:
- Establishment of a new 765/400/220 kV Alephata Sub-station in Maharashtra.
- Construction of 765 kV and 400 kV transmission lines traversing through Maharashtra.
- Installation of associated equipment and bays.
Acquisition Details
The transaction was executed with PFC Consulting Limited acting as the Bid Process Coordinator. The target entity was incorporated on April 29, 2026, specifically for this transmission project and had not commenced commercial operations prior to the acquisition.
| Parameter | Details |
|---|---|
| Target Entity | Lakadia C Power Transmission Limited |
| Acquisition Date | October 12, 2026 |
| Consideration | ₹19.94 crore |
| Shareholding Acquired | 100% |
| Business Sector | Power Transmission |
| Location | Maharashtra, India |
The consideration includes 10,000 equity shares at par value of ₹10 each, along with the assets and liabilities of the SPV as on the acquisition date. The final price is subject to adjustment based on audited accounts.
Regulatory Status
Prior to this acquisition, Power Grid Corporation of India Limited held no interest in the target entity, ensuring the transaction was not a related party deal. Following the acquisition, Lakadia C Power Transmission Limited must obtain approvals for the Grant of Transmission License and Adoption of Transmission Charges from the Central Electricity Regulatory Commission (CERC).
Historical Stock Returns for Power Grid Corporation of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.06% | -2.18% | -6.34% | -16.47% | -12.98% | 0.0% |
What is the expected timeline for CERC to grant the Transmission License and adopt transmission charges for the Lakadia C project?
How will the integration of this 14GW renewable evacuation capacity impact Power Grid's long-term revenue visibility and tariff-based income streams?
Are there anticipated cost overruns or delays in the BOOT execution phase given the scale of the 765/400/220 kV infrastructure in Maharashtra?
18
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
