Power Grid Completes Fatehgarh II Acquisition, Expanding India Transmission Network
PGCIL acquires 100% of Fatehgarh II Transmission SPV from PFC Consulting under India’s tariff-based competitive bidding framework
Key points
- PGCIL acquires Fatehgarh II Transmission SPV from PFC Consulting under TBCB framework
- Stock at Rs 265.30; market cap Rs 2.46 lakh crore as acquisition boosts regulated asset base
- Fatehgarh-II addition accelerates India solar energy evacuation from Rajasthan to north India
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