Power Grid Corporation of India Ltd has commissioned the "Transmission System for evacuation of Power from REZ in Rajasthan (20 GW) under Phase-III Part-H," marking the completion of a key infrastructure asset for renewable energy evacuation. The company received the Notification for Commercial Operation (DOCO) dated July 9, 2026, via email on August 3, 2026, confirming that the project has been completely commissioned with effect from July 4, 2026.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited on August 4, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing ensures timely market awareness regarding the operational status of material projects undertaken by the entity.

Project Execution and Corporate Restructuring

The project was originally entrusted to POWERGRID Beawar Dausa Transmission Limited, which was a wholly owned subsidiary of Power Grid Corporation of India Ltd at the time of assignment. Since then, the corporate structure has undergone changes as per regulatory orders.

POWERGRID Beawar Dausa Transmission Limited was amalgamated with POWERGRID Vataman Transmission Limited with effect from March 1, 2026. This amalgamation was approved under an order dated January 27, 2026, by the Ministry of Corporate Affairs (MCA). The consolidation reflects the company’s ongoing efforts to streamline its subsidiary portfolio while maintaining continuity in project execution.

Key Project Details

The commissioning of this 20 GW capacity transmission system supports the broader national objective of integrating renewable energy sources into the grid. The Rajasthan Renewable Energy Zone (REZ) is a critical hub for solar and wind power generation, requiring robust evacuation infrastructure to ensure stable power supply to demand centers.

What the Numbers Show

The successful commissioning of the Phase-III Part-H component indicates steady progress in Power Grid’s large-scale transmission pipeline. With the DOCO received shortly after the effective commissioning date, there appears to be minimal delay in regulatory formalities, suggesting efficient coordination between the executing subsidiary and relevant authorities. The amalgamation of the executing entity prior to commissioning also highlights the company’s ability to manage corporate restructuring without disrupting critical infrastructure timelines.

Power Grid Corporation of India Limited acquired Krishnagiri REZ Transmission Limited for ₹19.82 crore on August 3, 2026, securing full control over the project special purpose vehicle (SPV) to develop the "Transmission System for integration of Krishnagiri REZ Phase-I." This acquisition, executed under the Tariff Based Competitive Bidding (TBCB) route, enables Power Grid to build, own, operate, and transfer (BOOT) critical inter-state transmission infrastructure, strengthening its role in integrating renewable energy zones into the national grid.

The transaction was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Power Grid emerged as the successful bidder from PFC Consulting Limited, which served as the Bid Process Coordinator. The deal is not classified as a related-party transaction, as Power Grid had no prior interest in the target entity before the acquisition. All requisite governmental approvals for the transfer were obtained by the Bid Process Coordinator prior to the closing date.

The project scope involves establishing two new 765/400kV sub-stations in Andhra Pradesh. It also includes the construction of 765kV and 400kV transmission lines traversing Andhra Pradesh, Telangana, and Karnataka, along with associated bays. This infrastructure is essential for evacuating power from the Krishnagiri Renewable Energy Zone to the broader grid network.

The consideration of ₹19.82 crore includes the purchase of 10,000 equity shares at a par value of ₹10 each, along with all assets and liabilities of Krishnagiri REZ Transmission Limited as of August 3, 2026. The final acquisition price is subject to adjustment based on the audited accounts of the company as on the acquisition date. Since the target entity was incorporated recently on April 29, 2026, and has not commenced commercial operations, no turnover has been recorded in the last three years.

Regulatory Approvals Pending

While the transfer of ownership is complete, Krishnagiri REZ Transmission Limited must still obtain specific regulatory clearances to commence operations. The entity needs to secure a Grant of Transmission License and Adoption of Transmission Charges from the Central Electricity Regulatory Commission (CERC). These approvals are mandatory for the legal operation of the transmission assets and will be pursued by the acquired entity post-acquisition. The original incorporation and bidding process adhered to the "Guidelines Encouraging Competition in Development of Transmission Projects" and "Tariff based Competitive-bidding Guidelines for Transmission Service" notified by the Ministry of Power.