PowerGrid Acquires MPTL for Transmission Project

  Published 1 year ago

PowerGrid Corporation acquired MPTL on June 4, 2025, via competitive bidding to build a 400kV transmission line in Madhya Pradesh. The project, developed under a BOOT model, supports power evacuation from Mahan Energen.

  • Acquisition includes 10,000 shares & MPTL’s assets.
  • MPTL was a newly formed non-operational entity.
  • No prior PowerGrid interest or related party deal.

You might like these

BofA: India Equities, Cautious Now, Bullish Long-Term

ITI Launches AI Road Safety Pilot in UP

Ashok Leyland Bags Rs 184 Cr Bus Order, Raises Switch Mobility Stake

Malaysia Extends Biocon Biologics Insulin Contract

Dixon Tech Stock Dips on Motorola Outourcing Concerns

Gold Hits Record Highs

Waaree Wins ₹346 Crore Solar Project

News that matters the most ⚡