Type of Deal: 100% Acquisition under Tariff Based Competitive Bidding (TBCB) on build, own, operate and transfer (BOOT) basis
Stake/Capacity: 100% shareholding acquired. The project comprises installation & commissioning of 2 number of Synchronous Condensers (SynCon) at Fatehgarh-II PS along with associated bays for power transmission.
Deal Value: Aggregate value of approximately ₹19.11 Crore, including 10,000 equity shares at par value of ₹10 each along with assets and liabilities of Fatehgarh II Transmission Limited as on the acquisition date (28.08.2026). The acquisition price is subject to adjustment as per the audited accounts of the company as on the acquisition date.
Funding Source: Cash consideration (internal accruals or other sources not specified)
Financial Impact: Not explicitly disclosed in terms of revenue contribution, EBITDA impact, or accretion/dilution. The target entity was incorporated on 06.05.2026 and is yet to start commercial operations, with no turnover recorded during the last 3 years.
Timeline: Acquisition completed on August 28, 2026 as per timelines furnished by Bid Process Coordinator. Future approvals for Grant of Transmission License and Adoption of Transmission Charges are to be obtained from Central Electricity Regulatory Commission.
Strategic Rationale: The acquisition aligns with POWERGRID's main line of business (power transmission) and was pursued after emerging as the successful bidder under Tariff Based Competitive Bidding. The project supports power transmission infrastructure development through installation of synchronous condenser units.
Approval Status: Acquisition completed. Requisite approvals for transfer were obtained by the Bid Process Coordinator (PFC Consulting Limited). Additional regulatory approvals from Central Electricity Regulatory Commission for transmission license and charges are pending post-acquisition.
Reference Regulation: SEBI Regulation 30 of Listing Obligations and Disclosure Requirements Regulations, 2015
