Power Grid signs agreement for acquisition of 74% stake in Jaypee Powergrid Ltd
Date
March 29, 2021
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
India
Subsectors
Power Transmission
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Power Grid Corp. India Ltd (PGCIL) has signed a Share Purchase Agreement to acquire 74 % from Jaiprakash Power Ventures Limited (JPVL) in Jaypee Powergrid Ltd (JPL).
JPL owns and operates a 214 km transmission link to supply electricity from the Karcham-Wangtoo hydropower project in Himachal Pradesh to Himachal Pradesh, Haryana, Punjab, Uttar Pradesh, and Rajasthan.
