Power Grid Corporation’s stock rose nearly 2% following the successful acquisition of Khavda V-A Power Transmission Limited (KVAPTL) on November 19, 2024. The acquisition, part of the Tariff-Based Competitive Bidding (TBCB) route, positions Power Grid as the successful bidder for KVAPTL, a special purpose vehicle set up to develop the transmission system for evacuating power from Gujarat’s Khavda renewable energy zone under Phase-V (8 GW).
The project involves the construction of 6000 MW, ±800 kV HVDC terminal stations in KPS2 (Gujarat) and Nagpur (Maharashtra), along with a ±800 kV HVDC KPS2-Nagpur Bipole line spanning approximately 1200 km. The total acquisition value is approximately ₹18.95 crore, which includes 50,000 equity shares at ₹10 each, along with the company’s assets and liabilities.
As of 10:13 am, Power Grid shares were trading 1.57% higher at Rs 320.00 on the NSE.
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