New Delhi: Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of NES Pune East New Transmission Limited (NPENTL), a special purpose vehicle (SPV) created for a major transmission project in Maharashtra. The acquisition, finalised on March 12, 2026, follows PGCIL emerging as the successful bidder under the tariff-based competitive bidding (TBCB) route.
The SPV was previously managed by PFC Consulting Limited, which served as the bid process coordinator for the project. With this acquisition, Power Grid aims to enhance the power transmission infrastructure in the Pune region and address long-standing transmission constraints.
Project Scope and Objectives
The NES Pune East transmission project is part of a Network Expansion Scheme in Maharashtra, designed to strengthen power transmission in Pune Region-I. The project includes the development of a 765/400 kV AIS substation at Pune East and associated transmission lines.
Key elements of the project include:
- Establishment of a 765 kV and 400 kV AIS substation in Ahilyanagar district
- Construction of new 765 kV and 400 kV transmission lines across Maharashtra
- Bay extension works at existing substations to improve grid reliability
The project will be executed on a Build, Own, Operate and Transfer (BOOT) basis, ensuring long-term operational efficiency and maintenance of the transmission assets.
Acquisition Details
Power Grid acquired 100% shareholding in NPENTL for an aggregate consideration of approximately ₹8.05 crore. This includes the purchase of 10,000 equity shares at a face value of ₹10 each, along with the company’s assets and liabilities as of the acquisition date. The final acquisition price will be subject to adjustment based on audited accounts.
With this acquisition, PGCIL strengthens its footprint in Maharashtra’s power transmission sector, supporting the state’s growing energy demand and promoting reliable electricity supply.
About Power Grid
Power Grid Corporation of India Limited (PGCIL) is a public sector undertaking (PSU) and India’s leading electricity transmission company. The company is engaged in planning, implementing, and operating high-voltage transmission networks across the country.
Known for its technological expertise and strong operational efficiency, Power Grid plays a critical role in ensuring uninterrupted power supply and supporting India’s energy infrastructure growth.
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