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Power Grid Corporation of India Limited has acquired 100% stake in Kakinada I Transmission Limited

ICICIdirect Research 30 Jun 2026 DISCLAIMER

News: Power Grid Corporation of India Limited has acquired 100% stake in Kakinada I Transmission Limited for ~₹20.5 crore after emerging as the successful bidder under the TBCB route. The SPV will develop the "Transmission System for proposed Green Hydrogen/Green Ammonia Projects in Kakinada Area (Phase-I)" on a BOOT basis, comprising a 765/400 kV GIS substation with STATCOM and 765 kV transmission lines in Andhra Pradesh.

View: The acquisition strengthens Power Grid's TBCB portfolio and expands its transmission pipeline linked to India's emerging green hydrogen ecosystem. The project is expected to support evacuation infrastructure for upcoming green hydrogen and green ammonia capacities in Andhra Pradesh, reinforcing Power Grid's long-term regulated asset base and transmission capex visibility.

Impact: Neutral

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