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Power Grid Corporation of India Limited (POWERGRID) has acquired WR ER Part A Power Transmission Limited

ICICIdirect Research 01 Jul 2026 DISCLAIMER

News: Power Grid Corporation of India Limited (POWERGRID) has acquired WR ER Part A Power Transmission Limited for an aggregate consideration of ~₹18.62 crore under the TBCB route. The SPV will implement the WR-ER Inter-Regional Network Expansion Scheme Part-A, comprising two new 765/400 kV substations and associated 765 kV/400 kV transmission lines across Jharkhand, Chhattisgarh, Odisha and West Bengal

View: The acquisition is in line with POWERGRID's strategy of expanding its TBCB project portfolio. The project is expected to support the company's regulated transmission asset base and provide long-term execution and revenue visibility.

Impact: Neutral

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